Parachute can save you.

We’ll consolidate your high-interest rate debt into one lower cost monthly payment, allowing you to earn and save up to $20,000 to start re-building your wealth.
See if you qualify
No impact to your credit score!
5 Star Rating from Real Customers

You can earn & save over $20,000!

See if you qualify
No impact to your credit score!

Ex. $25,000 loan over 60 months

Overview
Avg Interest Rate
Bi-Weekly Payment
Savings
Cash-Back
Total Benefit
Term (60 month) Financial Benefit
Other Loans
39.99% - 46.99%
$444 - $497
None
None
None
Parachute
28.99%
$368
$9,880 - $16,779
$2,500
+$20,000

Rebuild your wealth with Parachute

Check-in on how you’re doing

To improve, you must understand where you’ve been. Each month you’ll assess your progress toward re-building your wealth.

Set simple plans for improvement

Failing to plan is planning to fail. Each month you’ll set easy intentional plans to re-build your wealth.

Get smarter every month

The law of 1% improvement shows that tiny improvements really add up over time. Each month you will get micro-learning quizzes to improve your wealth building knowledge.

The Financial Recovery Platform

Parachute is the only financial institution that provides loan refinancing while also giving you immediate and significant financial advantages.
See if you qualify
No impact to your credit score!
5 Star Rating from Real Customers

You can earn & save over $20,000!

See if you qualify
No impact to your credit score!
Example

$25,000 loan over 60 months

Overview
Avg Interest Rate
Bi-Weekly Payment
Savings
Cash-Back
Financial Wellness
Tracking Dashboard
Self-Assessment
Quizzes
Gift Certificates
Financial Coaching
Total Benefit
Term (60 month) Financial Benefit
Other Loans
39.99% - 46.99%
$444 - $497
None
None
None
None
None
None
None
None
Parachute
28.99%
$368
$9,880 - $16,779
$2,500
+$20,000

Get a quote!

To get a quote, select your credit score, the amount you want to consolidate and your preferred payment frequency.

What's your credit score?



How much do you want to consolidate?

$ 25,000




Loan Term:

Interest Rate:


Payment Frequency:


Here's what we can do for you:

$0

Payment

$0

Total cash-back



Words from our members.

Discover how we’ve transformed the lives of our valued members. Hear their stories of financial empowerment and join them on the journey to a debt-free future.
See if you qualify
No impact to your credit score!
"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
"Having a custom dashboard I can log into with all my data in one place helps me to make good choices and see where I can improve. For someone looking to really improve their financial future and gain the independence to make better choices, I highly recommend parachute."
Paul, Toronto, ON
"Parachute has the best customer care and high levels of human compassion for people's lives. Parachute is a good place to be; the service and compassion cannot be matched. I'll leave it at that."
JM, Toronto, ON

Let's start together.

Take the first step and apply for our debt consolidation loan. We're here to restore your peace of mind, and help you unlock your true financial potential.
See if you qualify
No impact to your credit score!
5 Star Rating from Real Customers

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.

Parachute is not a a bankruptcy, consumer proposal or debt management proposal company.
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