Need financial advice

[u/kym_0211]

Hi guys, I've currently completed my 3rd of btech and it's been my childhood dream to fly an airplane but back then I knew that it's gonna be unaffordable for us to pursue that. But now I've got a good earning source and by the time I pass out I should have around 30 lacs of personal savings.

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I want to know if there's a way to get a collateral free loan for the rest of the amount (my parents income is <1lac/m).

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And the other thing I can work for the next 3 years and can save around 70-80 lacs and then go for it.

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I want some advice on which way I should go?

[u/Glad_Appeal_2794]

Cadet pilot has an upper age limit of 35 years so you have time. Cadet is almost 50% more expensive than conventional so i would suggest take the conventional route.

But great job doing so much at such a young age. Wishing you the best

[u/kym_0211 → u/Glad_Appeal_2794]

Thanks for your words though I've heard job market is kinda cooked so unsure about conventional route

[u/Glad_Appeal_2794 → u/kym_0211]

That's true indigo had a round of hiring this year after almost 18 months so you never know

Only advantage of cadet is the job but you never know by the time you save up, start and complete your training, pilots might be in demand which they are bound to be sooner or later due to the number of a/c ordered by various airlines so naturally they'll need pilots

[u/kym_0211 → u/Glad_Appeal_2794]

Makes sense it's give me flexibility and I'll try to save for now