Category Archives: Personal Loans

How To Apply For A Personal Loan

Applying for a loan isn’t always easy, let alone qualifying and being approved to borrow money. At Borrowell, we’re dedicated to helping Canadians make great decisions about credit and ultimately to help in making personal finances less stressful. The best… Read More

Ben Labenski

April 3, 2019

Blog,Personal Loans
Personal Loan To Maximize My RRSP Contributions

Should I Consider A Personal Loan To Maximize My RRSP Contribution?

We are now well into RRSP season, with the deadline of March 1st right around the corner! This means you have until then to contribute to your RRSP and have it applied to your 2018 tax return. If you haven’t… Read More

Janine Rogan

February 12, 2019

Saving & Investing,Blog,Personal Loans
personal loan or line of credit

Personal Loan Or Line Of Credit: What Is The Difference?

Many Canadians often wonder whether they should take a personal loan or line of credit. However, there are common misconceptions about how both of them work. In this article, we’ll explain the differences between the two credit products to help… Read More

Rachel Surman

December 27, 2018

Blog,Personal Loans
debt consolidation

Debt Consolidation: How Do I Consolidate Debt With A Personal Loan?

The holidays are fast approaching! You’re probably sick of hearing us say it, but the holidays can be an exceptionally expensive season if you’re not careful. It’s tempting to go and use your credit card for everything this time of… Read More

Rachel Surman

December 19, 2018

Blog,Personal Loans
what’s the difference between a secured and unsecured loan

What’s The Difference Between A Secured And Unsecured Loan?

This guest post is written by our partners at Fairstone. If you’re researching loans, you may ask yourself, “what’s the difference between a secured and unsecured loan?” We’ve broken down the differences between the loan types to help you decide… Read More


August 28, 2018

Blog,Personal Loans

What’s The Difference Between Installment And Revolving Credit?

Borrowing against credit is helpful – it lets us make big purchases and cover unexpected expenses while paying for it with future income. Misusing credit, however, can negatively impact your credit score and your future ability to borrow money when… Read More

Daniel Teo

June 22, 2018

Personal Finance,Blog,Personal Loans
Lower interest rates

We’ve Lowered Interest Rates On Borrowell Personal Loans! What Does This Mean For You?

We know that high-interest credit card debt can be a huge burden. We also know how important securing a low-interest rate on a loan for your next big purchase can be. This is why we’ve lowered our interest rates by… Read More

Rachel Surman

April 17, 2018

Blog,Personal Loans
Personal Loans Calculator

Introducing: The Borrowell Personal Loan Calculator!

Debt has become a major issue in Canada. In fact, 2017 figures from Equifax show that consumer debt is now at an all-time high of almost $1.8 trillion – and this includes $90 billion in outstanding credit card debt! If… Read More

Rachel Surman

March 16, 2018

Blog,Personal Loans
pay off debt

Is A Borrowell Loan Right For Me?

In addition to providing credit scores for free, Borrowell is in the business of offering unsecured personal loans. Somewhat ironically, we’re a lender that wants to help Canadians get out of debt, not into more of it. And that’s a… Read More

Robert Palumbo

June 27, 2017

Personal Loans
Loan Image

How Is Borrowell Different From Payday Lenders?

Around 2 million Canadians use payday loans annually. There are over 1,400 payday outlets in Canada – either as storefronts or online. What is the difference between a payday loan and other personal loan products? At first glance, one lender… Read More


September 28, 2015

Blog,Personal Loans