Get a simple, hassle-free personal loan.

Get your free credit score today. Then, we’ll show you the best personal loans available to you based on your credit profile. 

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This won’t affect your credit score!

Getting a Personal Loan

Fast

fast

Creating an account is quick and easy. You’ll instantly see what options are available to you.

Fair

fair

Your scheduled payments will be the same each month and won’t change. Plus, there are no prepayment penalties.

Friendly

hand-shake

Have questions? Simply email one of our friendly team members.

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Consolidate your debt and save

 

Every day, we save Canadians thousands of dollars in credit card interest. Find out how much you could save with our interest savings calculator.  

Credit Card Debt $

Interest Rate %

You Could Save: $

How much can I save? 

Let’s say you decide to borrow $10,000 from Borrowell at 10.5% (APR) to consolidate your credit card debt. By moving $10,000 of credit card debt into a lower interest Borrowell loan, you could save more than $4,800.1 Your total cost of borrowing would be $1,700 with a Borrowell loan, compared to $6,500 borrowing from your credit card.

Our annual percentage rates (APRs) range from 5.60% to 29.19%. Check your credit score for free and find out what you qualify for. Checking your rate won’t hurt your credit score. 

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This won’t affect your credit score!

Borrow so you can...

Plan Your Wedding

Improve Your Home

Consolidate Your Debt

Expand Your Business

Pay Off Your Credit Card

Make A Big Purchase

How it works

 

 1) Get Your Free Credit Score

Get your free credit score. Then, we’ll show you the best loan options suited to your financial profile. 

 

 2) Get A Quote 

If you’re eligible, you’ll have the option to get a quote from Borrowell. Otherwise, we’ll provide you with alternate options from our trusted partners.

 

 3) Verify Your Info 

Provide proof of income and verify your bank account.

 

 4) Get Your Money

If approved, your money will be directly deposited into your bank account as soon as the next business day. Personal loans are simple!

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This won’t affect your credit score!

Loan Amount And Terms
Choose a loan between $1,000 and $35,000 and select the term, either 3 or 5 years, that works best for you. We offer fixed rates starting at 5.6% APR.

What is the “APR”?
APR stands for Annual Percentage Rate. It shows the cost of borrowing including the fee on a yearly basis. The APR on a Borrowell loan includes both the interest rate and origination fee.

Origination Fee
This is the only fee associated with taking out your Borrowell loan. The one-time origination fee covers the costs of evaluating loan applications, building and operating our processing platform, and providing amazing customer service. We feel this is a clear and transparent way to be upfront about how we get paid for the service we provide. The interest on your loan is used to repay the investors who give Borrowell financing for our loan business. 

The one-time origination fee is between 1-5% of your loan proceeds. The percentage depends on your credit profile – the better the credit profile, the lower the origination fee – as well as the term of the loan.

We will add the origination fee to the loan amount we’ve approved. So if you are approved for a $5,000 loan at a 2% origination fee, your total loan amount would be $5,100. You would receive $5,000 in your bank account and Borrowell would receive a $100 origination fee.

1Please note that final approval of your application for a Borrowell loan is conditional on completion of the steps set out in your application (including identity, income, and bank account verification) as well any further underwriting review deemed necessary. Additional documents may be required. Borrowell retains the right to adjust any loan options presented to you or to decline your application at any time prior to final approval.

2Based on credit card APR of 19.9% and credit card debt repayment of $250 per month.