Parachute Reviews, Ratings And Fees

BUSINESS HOURS

Monday to Friday 9:00 am – 5 pm

Who Is Parachute?

Parachute offers a revolutionary concept in debt consolidation lending, that helps Canadians achieve true financial well-being. We offer the only loan where someone can leave with more savings than when they started. In fact on a $25,000 loan you could earn and save up to $20,000 over a 5-year term.

Apply Now

Applying with Parachute is fast and easy – everything is done online!

Complete the pre-qualification process here with no impact to your credit score!

 

Are There Any Fees When You Get a Parachute loan?

No. We don’t have fees. Period.

 

Why choose Parachute?

Many Canadians choose to borrow through Parachute as our interest rates (APR) are lower than our competition, we have no early repayment fees, (frankly no fees at all), 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 with up to 10% (of your total loan value) CASH BACK for that hard work!

 

What are the qualifications?

  • You may qualify based on the following criteria:
  • 18 years or older
  • Credit score 600-700
  • No bankruptcies, consumer proposals or judgments
  • Canadian Citizen or Permanent Resident of Canada
  • Gross annual income (before taxes) of $30,000 or more
  • Available to residents of BC, AB, MB, ON, PEI, NL, NS, SK & NB
  • Canadian bank account
  • Debt consolidation loan is not for student loans, mortgages and/or car loan

 

What documents are needed?

  • Proof of income (at least 2 most recent paystubs)
  • Most recent statements for debts to be consolidated (e.g., on-line PDF or scanned
  • copy of most recent month’s credit card or loan statement, etc.)
  • Identification of primary bank account (where your pay is
  • deposited) You will connect this account during our application process
  • 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)

 

Lend For All     1 King St W Suite 4800 -24 Toronto, ON M5H 1A1   |  +1 800-532-4505


Disclaimer: Lendforall Canada/Lendforall.ca is not a lender, does not make offers for loans, and does not broker online loans to lenders. Submission of a loan request to this website does not guarantee an offer or an approval for a loan. Lendforall Canada is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. Their use does not signify or suggest the endorsement, affiliation, or sponsorship, of or by Lendforall Canada or them of us. This content is provided by Lendforall Canada and is free of charge with no obligation to continue with the third party.

Lendforall.ca is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Lendforall Canada strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products. We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.