Apply once and reach a whole network of lenders.
Turned down by the bank? Achilles Finance sends your application to lenders that offer personal loans to Canadians outside Alberta, including people with bad credit. Bad credit doesn't stop you from applying, but approval isn't guaranteed.
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What is Achilles Finance?
Achilles Finance is a Montreal company that runs a network of loan-matching sites. It doesn’t lend money. One free application reaches lenders in every province and territory except Alberta, who typically lend between $300 and $3,000 for 90 to 120 days, at 22% to 32% APR (examples; terms vary by lender). Achilles also offers two Mastercards issued by Zūm Rails: a secured card reported to Equifax and a prepaid card.
Borrow with bad credit
Achilles Finance isn't a lender. We send your application to the lenders in our network, and the lender that approves you sets its own rate and shows you the full cost before you sign.
Personal loans
Lenders in our network typically offer $300 to $3,000, repaid over 90 to 120 days at 22% to 32% APR.
Debt consolidation
Use one loan to pay off several smaller debts, so you have a single payment to keep track of.
What a lender may ask for
The lenders in our network don’t run credit checks. A lender may ask for more documents, such as ID, proof of income or a recent bank statement, and may verify your bank account online.
Grow your lending business
Join the network and we help you get your short-term lending business running, send you borrower applications, and set you up on AppliedLMS to manage your loans. Our team has more than 15 years in the business.
Get set up
Launch your own lending brand with our processes and one-on-one coaching, from your website and application form to the licensing steps in your province.
Get leads
Applications from borrowers on the sites in our network are shared with member lenders, so new customers come to you.
Run your loans on AppliedLMS
AppliedLMS handles consumer loans from application to collections, with bank verification, provincial rate caps, cost-of-borrowing disclosure and French documents for Quebec.
What lenders in our network say
More than 20 lending brands work with Achilles, and over 4,000 customers have been served.
Loan sites in our network:
- 514Loans
- 911cash
- Argent 911
- CashGo
- Extra Money
- Loans514
- Prêts 514
- Urgent Loans
- Urgent Money
“Our relationship with Achilles Finance is the best decision we have made. They are very professional and friendly, and they are always looking for ways to improve our business and help us succeed.”
“Their software is very easy to use. We were able to quickly process loans based on their rules and we saw immediate growth.”
“The combination of tools and processes was exactly what I was looking for. They know the business and, more importantly, they know how to help you succeed.”
“From marketing and customer service to financial services, they are there with you every step of the way.”
Rebuild your credit with the Achilles Secured Mastercard®
A credit card backed by a security deposit. Zūm Rails, the card issuer, reports your payments to Equifax.
- $12.99 a month plus tax
- Payments reported to Equifax
- Deposit of $200 to $5,000, which sets your credit limit
- Issued by Zūm Rails
Prefer to load your own money? See the Achilles Prepaid Mastercard
Questions
Is Achilles Finance a lender?
No. We pass your application to lenders in our network. If one accepts it, that lender contacts you, makes the loan, sets the rate and fees, and collects your payments.
Who can apply?
You need to be of the age of majority where you live, a Canadian citizen living in any province or territory except Alberta, with a job or steady self-employed income and a bank account you can sign in to online. You can’t be in bankruptcy.
Can I apply with bad credit?
Yes. Bad credit doesn’t stop you from applying, but approval isn’t guaranteed.
Will a lender check my credit?
No. The lenders in our network don’t run credit checks. A lender may ask for more documents, such as ID, proof of income or a recent bank statement, and may verify your bank account online.
How much does a loan cost?
Lenders in our network typically lend $300 to $3,000 over 90 to 120 days, at an APR between 22% and 32%, and fees may apply. The lender’s contract shows your exact cost before you sign.
How will I hear back?
A lender that can help will contact you by phone or email, often the same day, so check your spam folder too. One application reaches the whole network, so applying twice won’t speed things up.
Which card helps rebuild my credit?
The Achilles Secured Mastercard. It costs $12.99 a month plus tax, and Zūm Rails, the issuer, reports your payments to Equifax. The Achilles Prepaid Mastercard ($9.99 a month plus tax) is for everyday spending and doesn’t build credit. Zūm Rails issues both cards.
I run a lending business. How do I join the network?
Send us a message with the form below and pick “Starting or growing a lending business”. Lenders in the network run their loans on AppliedLMS, and you can book a demo to see it.
News and guides
How Credit Scores Work in Canada, and How a Secured Card Helps You Rebuild
What goes into a Canadian credit score, how to check your Equifax and TransUnion reports for free, and how a secured credit card helps you rebuild after bad credit.
Finance 101: Essential Information for Beginners
Budgets, bank accounts, credit scores, loans, taxes, RRSPs, TFSAs and insurance, explained in plain language for Canadians about to borrow money.
The Role of Technology in Shaping Finance
How Interac e-Transfer, tap payments and open banking changed money in Canada, and what to expect when you apply for a loan online.
Talk to us
Questions about an application, your account or joining the network as a lender? Send us a message and our Montreal team will reply by email.
- Office
- Montreal, Quebec