Get a loan that gives you cash-back.

The fastest and easiest way to borrow up to $25,000 and start your journey to financial wellness.
Features

The only loan that cares about you.

We’ll give you cash-back while we take you on a journey to financial freedom.
Loans up to $25,000
We’ll give you a loan up to $25,000 based on approved credit.
Competitive rates
We offer competitive interest rates based on your credit score.
Cash-back earnings
Yeah, you read that right. You can earn a cash-back contribution each month.
Financial guidance
Sounds boring—but it’s important! We’ll provide you with tips and tools to manage your money.
Improved credit score
Our loan can actually improve your credit score. We'll keep you updated on how it's doing.
Rewards and incentives
We know it’s not always easy to stay on track, so we’ll sweeten the deal along the way.

“This is the first time I’ve seen a loan provider that  rewards people for paying off the loan.”

Angie J.
Mom, Toronto, ON

Earn cash-back and improve your credit score.

Use the calculator below and see what we can do for you.
What's your credit score?
How much debt do you have?
$5,000
Here's what we can do for you:

$12,654

Yearly savings

$320

Monthly savings

240pts

Credit score improvement
*Assumes consolidation of high interest debt. For illustration purposes only.

We're serious about security.

Encrypted and secure
We use 256-bit encryption to keep your information safe—so you don't have to worry.
Data privacy
We never store your banking usernames or passwords, and we never sell your data.
Customer support
Chat to our professional team when you need help, or call us at (844) 670-2403.

Frequently asked questions

Everything you need to know about us.
Can I get a quote without applying for a loan?
Parachute offers a calculator on our website for you to get a sense of what you might be approved for based on the information you enter. There is no obligation to proceed.
Why borrow through Parachute?
Many Canadians choose to borrow through Parachute as our APR rates are often much cheaper, we have no early repayment fees and accounts are easily managed online, with you in charge. But we don’t stop there. Canadians choose Parachute because we go beyond just the debt consolidation loan process with you. We help you to get financially fit by engaging with you throughout the loan process with recommendations and exciting ideas to help you improve your credit score – and then we reward you for that hard work!
Who can borrow through Parachute?
Our borrowers are individuals living in Canada. To borrow with Parachute you need to be at least 19 years old, have a fair credit history and a regular income.
How is Parachute regulated?
Parachute is subject to the provincial laws of each jurisdiction in which it offers and funds loans. On a federal level, Parachute’s lending operations are subject to specific statutes enforced by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), as well as other federal agencies.
Built by a team that truly cares.
Parachute was created with the goal to improve the relationship that people have with their finances.
Learn more →
© 2022 WHF Inc. All rights reserved. Myparachute.co and the Myparachute.co designs are trademarks of White Hat Financial Inc. (‘WHF’) and used here under licence.