Loans

Low Cost Loans

The RAAF Welfare Trust Fund is a not-for-profit organisation offering a simple, low cost loan approach solely for our Aviators.  

Whether it’s for general use purposes like home improvements or to explore a professional development opportunity or to get you through during times of hardship, our aim is to provide low cost loans that enhance quality of life for Air Force Aviators and their families. 

See below for loan types and information on how to apply.

Who is Eligible

The RAAF Welfare Trust Fund is a not-for-profit organisation offering a simple, low cost loan approach solely for our Aviators.

Loans are available for serving Permanent Aviators on completion of initial recruit training (1RTU). Serving Reserve Aviators undertaking Continuous Full Time Service (CFTS) for at least 6 months are also eligible only for the period of the CFTS.

Whether it’s for general use purposes like home improvements or to explore a professional development opportunity or to get you through during times of hardship, our aim is to provide loans, grants and insurance products that enhance quality of life for Air Force Aviators and their families.

Loan Conditions

Looking for Early Loan Payout Information?

Loans Available:

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Group Life Insurance Loan

Contributors to the RWTF Group Life Insurance Scheme are eligible to apply for a Group Life Insurance loan of up to $5,500 for any worthwhile purpose

Home Improvement 

A Home Improvement loan of up to $4,500 may be made to help Aviators build or buy a home or to furnish a home with new or second hand furniture.

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Long Service 

A Long Service loan of up to $4,500 for any worthwhile purpose provided that the applicant has completed 10 years’ service in the Air Force.

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Professional Development 

Professional Development loans of up to $4,500 to assist Aviators with education/study expenses for training courses.

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Emergency 

Emergency loans are normally available up to $1,000 to meet temporary circumstances such as emergency housekeeping expenses, family medical or dental expenses, pressing household bills or fares for travel on compassionate leave.

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Group Life Insurance Loan

A Home Improvement loan of up to $4,500 may be made to help a member build or buy a home or to furnish a home with new or second hand furniture.  

Need information about the application process?

If you are applying for a Group Life Insurance Loan, and have not yet applied for the Group Life Insurance Scheme, full information on how to do this is here.