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Borrowell Reviews and Ratings

Borrowell

Since 2014, Borrowell has been helping Canadians gain access to fair and affordable loans all while helping them monitor and even improve their credit health. Borrowell’s easy to navigate online application provides Canadian consumers with free personalized loan quotes. Borrowell offers secured and fast personal loans up to $35,000. Thousands of Canadians, just like you, have trusted Borrowell when they needed them the most.

Free Credit Scores

Borrowell partners with Equifax to provide all its clients with free credit score monitoring in an effort to empower the population to take control of their finances and improve their credit scores.

 

Business Hours
Monday-Friday: 9am to 5pm

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Provider Details

Rated 5/5 based on 2 customer reviews

Time in Business
Since 2014

Number of Customers
OVER 10,000

Total Funded
OVER $10M

Address
111 Richmond St W Suite 500
Toronto, Ontario
M5H 2G4

Website
https://www.borrowell.com

Services Offered

Commercial Loan

Conditions & Rates


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

Eligibility & 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

Personal Loan

Conditions & Rates


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

Eligibility & 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

Reviews & Ratings

Its good
Written by: Marcolivier
Posted on: January 3, 2019
Got my credit score
Written by: Vesna Paredes
Posted on: December 18, 2018
Review this lender
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