Borrowell - Consolidation Loan
(Which Way To Pay Canada - 17/9/2015)
Borrowell offer fast, fair and friendly loans to those that need to consolidate their loans if their finances are getting on top of them. To obtain a loan with Borrowell you can apply online in 3 easy steps. But is it that easy?

Firstly you can find out your rate, usually within one minute, and if you qualify you will instantly get a free quote on a consolidation loan. This is a no obligation quote so if you change your mind then there will be no questions asked. If you are happy with your rates, you then need to verify your information and confirm your identity. When you have done this your money will be directly deposited into your bank account as soon s the next business day.

Marketplace lending is a global movement which has recently been named ‘Innovation of the Year’ by American Banker. Borrowell want you  to be free of credit card debt by offering you affordable, fixed rates and obtaining a quick, free quotation which will not impact your credit score. 

Although they do have transparent fees before you sign up, you do need to watch out and as you need to pay an origination fee. The one time origination fee covers the costs of evaluating loan applications, finding the most suitable lender, building and operating their processing platform and providing a good customer service.
Borrowell is ranked 4 out of 5. Based on 1 review.

4 Star Rating
1 Star: 1 Star RatingPoor
In relation to other products, has performed badly and has little or no worthwhile benefits.
2 Stars: 2 Star RatingBelow Average
Has some features of value, but in comparison to others performs below standard.
3 Stars: 3 Star RatingAverage
A fair product with regards to its competitors - has no outstanding features or benefits.
4 Stars: 4 Star RatingGood
In comparison to other products performs above standard, has beneficial features.
5 Stars: 5 Star RatingExcellent
Performs well above standard in comparison, has exceptional features and benefits.

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