Borrowell: Good credit? Unlock $1,000 to $35,000 quick loan

Borrowell: Good credit? Unlock $1,000 to $35,000 quick loan

Borrowell is a Canadian fintech lender with over 1 million customers. It’s one of Canada’s top quick loan providers, offering a variety of financial services. In addition, this Canadian lender is the first to make a deal with Equifax and offers free credit reports to its clients.

User-friendly platform

Quick Loan fees are clearly disclosed on the website

Free credit score

Limited loan terms

Payments are only available in monthly installments

Types of Loans and Services

Some of the services that Borrowell offers are credit monitoring, credit cards, mortgages, banking and investing, and insurance programs. Loans, which range from $1,000 to $35,000, can be quick loans, small business loans, debt consolidation loans, home improvement loans, and vehicle purchase loans.

Borrowell loans start at $1,000 up to $35,000, with an annual percentage rate (APR) of 5.6% to 29.19%. Loan terms are from 36 to 60 months. There’s a one-time origination fee of 1%-5%, depending on the amount of the loan. Additionally, there’s a late payment penalty of $25 to $54.

One of the positive aspects of Borrowell’s services is that the company provides every information about the fees included in the loan. What’s more, it also helps you to calculate how much interest you’ll pay. The biggest drawback is that Borrowell only approves loans to people with good credit.


How to get a Quick Loan from Borrowell

Sign Up and Get Your Score

Sign up and get your free Equifax credit score in just 3 minutes. Your credit score is updated on a weekly basis, and checking your score won’t hurt it!

Check Rates & Choose Your Offer

Your credit profile is automatically matched with the best loan products for you. Select your offer and complete the online application through the platform.

Get Your Money

Once you are approved through loan partners, you can usually get access to funds in a matter of days.

 Eligibility Criteria

The basic requirements are a minimum credit score of 660, credit history of at least 1 year, and a minimum annual income threshold of $20,000.

What you need to get a quick loan from Borrowell

A credit score within a certain range

Some form of credit history

A Canadian bank account

Proof of income / Steady employment

Canadian Residency

You must be 18+ years of age


Borrowell is one of the top quick loan lenders in the country, proved by the many loan reviews from Canada. Known for offering some of the best online quick loans in the country, the company’s biggest advantages are its free credit score and the wide variety of loan options.

You can apply for a Borrowell Quick Loan from HERE

To learn more about Borrowell Quick Loan, CLICK HERE

Quick Loan Arena is not a loan agency and we do not give out loan to anybody. We are however a quick loan review blog that seeks to inform and educate individuals and small businesses about instant loan opportunities to help them take informed decisions. We also provide loan advisory services.  Speak with any of our Quick Loan Consultants for more information! Call or Whatsapp +234 (0)803 385 7245.
Do remember to give us a feedback about your quick loan experience after the lending process is executed.

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About the Author: Tobiloba Gideon


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