Financing

iFinance Tech

iFinance Tech has been offering an array of finance programs to Canadians since 1996. This is a longer term solution that gives students access from $1,000 to $45,000. Submit your application online in confidence. After approval, iFinance Tech sends payment automatically to ECFI.

  • Choose amount between $1,000 to $45,000
  • Choose your ideal terms: 6 months, 1, 2, 3, 4, 5, or 6 years
  • Estimated Rates 9.95% to 25.95%
  • High approval, No early payment penalty

Student Line of Credit

For many pilot-trainees, a Student Line of Credit (LoC) is the most flexible way to fund training milestones (PPL → CPL → Multi/IFR) without taking on more debt than you need at any one time. A student LoC lets you borrow up to a pre-set limit, repay, and re-borrow as you progress—typically with interest-only payments while you’re in school and more time to start paying down the principal after you finish.

Why flight students like LoCs

  • Use-what-you-need flexibility:
  • Draw funds in phases as you move from hour-building to advanced ratings, rather than taking a single lump-sum loan.
  • Typically lower rates vs. credit cards/personal loans:
  • Most student LoCs are variable at/near prime (exact margins vary by bank and profile).
  • Interest-only while studying + grace periods:
  • Makes cash flow manageable during intensive flying blocks. Specific terms vary by bank and program.
  • Build credit history responsibly:
  • Regular on-time payments help establish credit as you train.

Scholarships

ECFI Scholarships

At Executive Compass Flight Institute (ECFI), we believe financial challenges shouldn’t stand in the way of your career as a professional pilot. In addition to flexible payment plans and partnerships, we offer annual scholarships totaling up to $50,000. Explore our ECFI Scholarships for details on eligibility, application deadlines, and how you can secure up to $10,000 to kickstart your aviation journey.

BC Aviation Council (BCAC)

BCAC members recognize the financial pressures faced by students pursuing studies in aviation and aerospace and are pleased to provide over $70,000 worth of scholarships on an annual basis. For more details and application, please visit BCAC Scholarships.