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| BORROWELL | |
| Borrowell (Personal Loan) | |
| Tweet | |
| Borrowell is an innovative Canadian online lender that offers fast, fair, and friendly personal loans. We help responsible Canadians with good credit eliminate their credit card debt today and sleep better tonight. We offer 3 or 5 year loans for up to $35,000. Our online form takes only a minute. If you qualify, you’ll instantly get an obligation-free quote. You also get an interest rate tailed just for you, starting from 5.6% APR. Borrowell has no hidden fees and offers fixed rates. Your scheduled payments are the same every month and won’t go up. Repay in full with no prepayment penalties. | |
| Location: Canada | |
| Lender/Broker: Lender | |
| Advantages: 1. Checking your rate does not affect your credit score
2. Instant loan offer
3. Funding within 48 Hours from acceptance
4. 3 or 5 year term options – choose how long you would like to pay back!
5. No Early Payment Penalties
6. Rates starting from 5.6 APR%
7. Borrow up to $35,000 | |
| Disadvantages: 1. This product is only available to people with a credit score above 660
2. Not available in SK or QC.
| |
| Services: 1. Checking your rate with Borrowell takes a minute and will not affect your credit score
2. Money in your bank account in under 48 hours
3. Loans range from $1,000 - $35,000, rates from 5.6% APR, 3 of 5 year term options | |
| APR: 5.6% | Loan Amount: $1000 - $35000 |
| Min Term: 36 Month (Open Loan with no pre-payment penalties) | Max Term: 60 Months |
Secured Loan:  | Unsecured Loan:  |
| Terms and Conditions: See website for Terms and Conditions | |
| Identification: See website for Terms and Conditions | |
| Suitable: Borrowell personal loans can be used to pay off credit card debt, make a major purchase, home improvement, pay for a wedding, or fund other projects. | |
| Restrictions: In order to qualify for a loan, you must:
1. Be a Canadian citizen or resident
2. Have reached the age of majority in the province where you reside
3. Have a valid account with a Canadian bank or other financial institution
4. Have a valid email address
5. Have a minimum credit history of 12 months
6. minimum credit score of 660 | |
| Tweet | |
| REVIEWS |
| Borrowell (Which Way To Pay Canada - 17/9/2015) Borrowell is ranked 5 out of 5  |
News Charts 
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| Personal Loan Rates Set to Rise in recent study published 31 August 2018 Which Way To Pay Recent studies have shown a rising increase on rates attached to Personal Loans. Read More >> |
| Avoid the middle man when wanting to lend some extra funds. 04 April 2017 Which Way To Pay Peer to peer lending is one of the best ways to lend money as your are basically cutting out the middle man. Read More >> |
