Paying 35%+ interest is unacceptable!
Let Parachute help you reduce yours.

Refinance your high-interest debt with Parachute
and save money every month.
Does not affect your credit score

Our goal is to save people money while improving their financial well-being.


Customer Testimonials

Read what real people are saying about Parachute.
At Parachute you get empathy and good information. Parachute wants you to do well. The rewards program is like the cherry on top. It gives you another goal to work towards. It really helps you keep your eye on the prize.
Christa, Guelph, ON
Parachute makes me feel like I'm the only client. They take the time out to get to know you on a personal level; I've never had the CEO of a loan company call me personally to see how I'm doing. I’m excited to know that there is cash back at the end of my loan. I would recommend Parachute to friends and family in a heartbeat.
JM, Toronto, ON
I appreciate all the time and work you put into getting everything sorted out. It's been a learning experience for me and I'm excited for this second chance to be better with my money and make better financial decisions."
Jayson, Toronto, ON

A loan with purpose.

Our innovative business model delivers better financial well-being for our customers and a healthier society for all.
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?
Here's what we can do for you:


Total savings


Monthly savings


Monthly payments


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.
What do I need to complete the application process?
Here's what you'll need to apply:
· Proof of income (at least 2 most recent paystubs)
· Most recent statements for debts to be consolidated
· Bank account Information
· 2 pieces of government issued ID (Driver's License or Provincial ID with photo plus one of Passport, SIN card, PR card, or Birth Certificate)
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 →
We truly believe financial well-being should be accessible to all Canadians. Our three step program empowers, educates, and rewards our customers. We offer the only loan where someone can leave with more savings than when they started.
© 2022 WHF Inc. All rights reserved. and the designs are trademarks of White Hat Financial Inc. (‘WHF’) and used here under licence.