Consolidate Your Debt
With a debt consolidation loan you can pay off your other debt and consolidate it all into one convenient monthly payment.
Want to Consolidate Your Debt?
Debt comes at us from many directions and can get a little unwieldy at times.
From credit cards to car loans to home improvement loans, debt can add up.
With a debt consolidation loan you can pay off your other debt.
Consolidate it all into one convenient monthly payment.
And be debt-free sooner.
Borrow up to
from 5.6% APR
in 60 seconds
No hidden fees—
pay back anytime
with no penalties
Learn How Much You Can Save
Calculate Savings vs. A Credit Card
Credit card calculations assume a fixed monthly payment of 2.5% of the current balance. Making only the minimum monthly payment could mean it will take longer to pay off your credit card(s). You should refer to your credit card statements for payment information. The Borrowell interest rate is an estimated annual percentage rate (APR) including the origination fee. Your rate may be different. Borrowell does not guarantee applicability regarding your individual circumstances.
Know when you’ll be debt free
Borrowell offers fixed interest rates, meaning your regular monthly payment will never go up. The current low-rate environment could come to an end, but your Borrowell payments won’t change. Your fixed monthly payment also helps pay down your loan balance – so at the end of the 3 or 5 year term, your debt consolidation loan will be fully paid off.
Pay it off early—no prepayment penalties
One of the smartest things Canadians can do to manage debt is to pay it down faster than scheduled by making extra payments on your loan. Or, pay off the whole thing if you get the opportunity. All of these are ways to get debt-free faster. And with a Borrowell debt consolidation loan, you’ll save the interest you would have been paying. Even better, we don’t charge any prepayment penalties or fees.
With a debt consolidation loan you can be debt-free sooner than you thought possible.
Consolidate Your Debt
Debt comes at us from many directions and can get a little unwieldy at times. Credit cards, car loans, home improvement loans.
That’s not to say we can’t manage it, but we think there’s a better, smarter way to do it. A way to manage debt with one fixed interest rate. One fixed monthly payment. And a lot fewer worries and a lot less trouble.
That’s why Borrowell has made it simple for Canadians to consolidate their debt and lower the interest they’re paying. With a debt -consolidation loan you can pay off your other debt and consolidate it all into one convenient monthly payment. Even better, it’s automatically deducted from your bank account every month. (Don’t worry, we’ll send you a reminder email a few days before the payment is due.)