Meritize Overview
*Full Funding for all training programs
Berichi Aviation has teamed up with the Meritize platform* to offer our student’s a unique financing option. Meritize works with students, educators, and employers to help people excel in skills-based careers.
Meritize knows you are more than your credit score, and that is why they look at your past achievements to potentially enhance your loan options.
A few reasons why the Meritize Platform is a great option for students include:
Fixed and variable interest rates available** Flexible payment options, including deferring full principal and interest payments until 3 months after you complete your training
Customer support available 6 days a week
0.25% interest rate deduction if you sign up for autopay***
Checking your loan options with Meritize has never been easier. You can fill out a short application to check your loan options without impacting your credit score.
If loan options are available to you, Meritize will request your merit information to finalize your application. This could be in the form of: Academic Experience (Official or unofficial transcript or HSE certification) or Military Experience (DD214).
Want to learn more? Check out their FAQ page here: https://www.meritize.com/students/faq/ or give them a call at 833-MERIT-4-U.
Ready to see if you qualify? Check your options here: https://apply.meritize.com/
Berichi Aviation does not endorse a particular lender, nor is it affiliated with Meritize Financial, Inc. (“Meritize”) or the Meritize platform.
Meritize Lending, LLC, NMLS ID 1661035 (NMLS Consumer Access https://www.nmlsconsumeraccess.org/)
Meritize Financial, Inc. NMLS ID 1986399 (NMLS Consumer Access https://www.nmlsconsumeraccess.org/)
Terms and Conditions apply. Meritize branded loan products are educational loans issued by Meritize Lending, LLC**. Meritize reserves the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen, permanent resident or hold an Employment Authorization Document and meet Meritize’s underwriting requirements. If approved for a loan the actual loan amount, term, payment, and APR amount of loan that a customer qualifies for may vary based on credit determination, state law and other factors. Meritize does not warrant or guarantee any claims made herein, including, but not limited to, gaining admission to a program, concerning the quality or financial strength of any educational institution, securing funding or obtaining employment. Our final loan offer may differ as a result of the school chosen and the associated cost of tuition. Not all schools are eligible for funding. Meritize does not offer educational loans in the following states: IA, IN, KY, ME, MI, ND, NV, SD, VT, WI, WV, WY, PR. All rights reserved.
**For residents of SC, loan is made by Meritize Financial, Inc.
We Fly Overview
*Limited Funding
Unsecured loan amount ranges $5,000-$30,000
Interest rates are typically around 7.99%-12.99%
72 month term
Line of credit loan – only make payments and interest based on the amount you use, not the amount you are approved for
Line of credit loan – only make payments and interest based on the amount you use, not the amount you are approved for
Applicant and co-signer must be US citizen/Permanent Resident and must meet CU membership eligibility (generally speaking, applicant must be a FL resident to have an account at our CU)
Applicants must have over a 600 credit score to be considered
Applications can be submitted online at: WeFloridaFinancial.com
Monthly payments start 30 days after first withdrawal. No deferments available. Expect monthly payments to be roughly 2% of amount withdrawn in total
No pre-payment penalties
Withdrawal period is the first two years
Can be used for any flight training
Borrower pays school directly
Either the applicant or the co-applicant must have at least two years of established credit history
Either the applicant or the co-applicant must have employment income
Co-applicant must have the same primary address as the applicant
Loan decisions generally within 1 business day. If approved, we can usually fund loan within 2-3 business days