Borrowell

Avg. Rating: 4.9 (7 reviews)

Borrowell is a trusted Canadian company that offers fast, fair, and friendly personal loans, and gives Equifax credit scores for free. Our affordable, fixed-rate loans give Canadians a smarter way to access credit. An online application instantly provides personalized loan quotes to Canadians with good credit who want better alternatives to expensive credit card debt.

Borrowell has partnered with Equifax to be the first in Canada to offer credit scores for free, without applying for credit, and over 200,000 Canadians are signed up to the service.

  • TIME IN BUSINESS: SINCE 2014
  • # OF CUSTOMERS: OVER 10,000
  • TOTAL FUNDED: OVER $10M
  • LOANS OFFERED: Business, Personal
https://www.borrowell.com

1-888-285-0990

111 Richmond St W Suite 500 Toronto, Ontario M5H 2G4
Call Center: Mon-Fri – 9:00 – 17:00
Saturday-Sunday – CLOSED
Support Offered:
Availability: All of Canada except Quebec, Saskatchewan, Northwest Territories, Nunavut or Yukon.

Loans Offered

Below are all the loan products offered by this company.

Conditions & Rates

Interest rate 5.6% – 25.5% Amount $1,000 – $35,000 Term 36 – 60 Months

Eligibilty & Documents

Who is eligible

  • Canadian citizen or resident
  • Age of majority in the province of residence
  • Valid account with a Canadian bank or financial institution
  • Credit score above 660
  • No bankruptcies or current delinquencies on file
  • $20,000 minimum income annually before taxes

What you need to provide

  • Proof of income: 2 pay stubs or NOA from last 2 tax returns
  • Verify identity: digital check through Equifax
  • Verify Bank Account: connect bank via VersaPay to complete verification
  • Respond to offer within 7 days or must reapply

Repayment & Issuance

How fast can you get the money 1 day or more Funding method Direct bank deposit How does repayment work Monthly, automated payments

Conditions & Rates

Interest rate 5.6% – 25.5% Amount $1,000 – $35,000 Term 36 – 60 Months

Eligibilty & Documents

Who is eligible

  • Canadian citizen or resident
  • Age of majority in the province of residence
  • Valid account with a Canadian bank or financial institution
  • Credit score above 660
  • No bankruptcies or current delinquencies on file
  • $20,000 minimum income annually before taxes

What you need to provide

  • Proof of income: 2 pay stubs or NOA from last 2 tax returns
  • Verify identity: digital check through Equifax
  • Verify Bank Account: connect bank via VersaPay to complete verification
  • Respond to offer within 7 days or must reapply

Repayment & Issuance

How fast can you get the money 1 day or more Funding method Direct bank deposit How does repayment work Monthly, automated payments

Articles About Borrowell

By Mashoka Maimona

Mashoka is a journalist for the London Press and the National Post, currently specializing in finance, business and technology.

By Joseph Czikk

Joseph is an experienced writer in the fields of Business, Technology and Finance in Canada. Joseph has been featured in Betakit, National Post, Montreal Gazette, Vancouver Sun, Regina Leader Post, Techvibes and BC Business Online.

By Jared Lindzon

Jared Lindzon is a regular contributor to top tier publications around the world, including Fortune Magazine, Fast Company, the Guardian, Rolling Stone, the Globe and Mail, and many more.

Borrowell Reviews

Avg. Rating: 4.9 (7 reviews)
Too bad I didn’t know about this before

Doing the paperwork and stuff was easy. borrowell made things pretty painless. Michael is a good person, he helped me step by step and explained things. Just wish the interest rate was better because I feel it’s too high, but I guess that’s part of this business.

Greg M
Loan

Submitted for load

Mahbub Hossain
Excellent

Surprisingly easy process to find out credit score and results in less than 10 minutes! Trusted site, would recommend to others. Offered peace of mind knowing what my score was. Thanks Borrowell!

George
Thank You

I needed a quick and easy option for a loan and Borrowell seemed to fit that criteria, so I gave it a shot. Worked out perfectly!

Arnold
This is why I HATE banks!

If I did this application at a bank,not only would they interrogate me,but the approval process would take forever.But these guys were so fast and easy to talk to and I got the money so fast.Now I can finally pay down my debt and start fresh soon.

Rob
Excellent Service

When i applied for a loan at Borrowell they treated me with great respect and processed my application quickly. Im very happy to have dealt with this company. Highly recommended.

Jason
Grerat Service

I really needed help and Borrowell was so easy to deal with. I got cash in my account fast and without any hassle.

Anonymous

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