Borrowell Review 2022: Borrowell Lane Kenilworth

Borrowell Lane Kenilworth

In the past couple of years, it has became much less complex, less complicated and also less expensive for Canadians to quickly as well as firmly obtain their free credit history and also credit score record instantaneously online.

Prior to 2016, the most effective means for Canadians to get their credit rating report as well as credit score online was to get a totally free trial of Equifax’s costs services, or to register for Transunion’s comparable offering.

Fortunately, late in 2016 a leading on the internet loan company, Borrowell, partnered with Equifax to use cost-free debt records and also ratings to all Canadian customers. This significantly moved the sector landscape over night.

Sign up with over 2 million various other Canadians as well as instantly get your cost-free credit history and free credit rating report currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the goal of making economic prosperity feasible for all Canadians. They offer accessibility to on the internet credit education, innovative credit rating tools.

They were the very first firm in Canada to bring totally free credit rating records as well as scores from Equifax to the on the internet masses.

They likewise pioneered the idea of an AI powered credit report trainer with their Molly credit report coach offering. Molly makes tailored referrals regarding just how to improve credit score, as well as what debt items would certainly be finest suited to each consumer based upon their specific credit score record factors.

In July of 2022 they launched Borrowell Rent Advantage which is the initial product to allow Canadians to build their debt simply by paying their rent monthly on time. Since press time, this service is only being supplied to pick Borrowell clients at a subscription cost of $5 each month.

What Does Borrowell Deal?

Free Credit Record and also Rating:

Borrowell has aided more than 2 million Canadians by providing them with the tools they need to much better recognize, master as well as manage their credit. Benefiting from this deal takes less than 3 minutes, as well as doesn’t have any type of negative impact on your score (called a soft credit report query).

Debt Builder

A newer offering just readily available to select Borrowell customers, this item is a credit rating structure cost savings finance that costs $10/monthly, potentially enhances your credit rating, as well as provides you back $240 in cost savings at the end of the term.

Bank Card Comparisons

Borrowell has actually partnered with several leading financial institutions such as BMO and also Scotiabank to supply a variety of credit card alternatives for Canadian customers with all various sorts of credit report accounts. Their AI powered credit coach Molly aids in this process.

Individual Car Loans

After acquiring your Equifax Credit Report as well as Rating, Borrowell presents a series of vetted instalment car loan uses from their banks partners, customized to your credit report. Although Borrowell does not offer fundings straight, they do offer a hassle-free means to quickly contrast car loans from trusted companions.

Home Mortgages

Comparable to their customized AI-powered bank card as well as funding recommendations, they also allow Canadians in the marketplace for a home mortgage a fast way to contrast rates, as well as have a much better chance of getting the most effective deal as well as price possible.


Compare banking remedies in a practical way with Borrowell’s bank comparison tool that aids find and suggest the appropriate banking items for you


Canadians can compare insurance policy products on the internet with Borrowell in addition to finding out about as well as taking control of their credit report.

Rent Advantage

Announced in July 2022, Borrowell Rent Advatage enables Canadians to construct credit with their rent for just $5/month. As this item was simply revealed, more information are sure to follow as it presents to all Canadians.

Finally, by using such a wide range of monetary tools and recommendations, Borrowell seeks to be the one stop store that Canadians consider first when it pertains to any kind of aspect of the individual financial resources.

Borrowell Business Info

Borrowell Firm Summary

Financial Institution in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a happily Canadian company with a solitary objective in mind: to assist people make fantastic decisions concerning credit history. This is why we were the very first in Canada to provide cost-free credit scores as well as records from our companion, Equifax, Canada’s biggest credit report bureau.

Borrowell Address

1 University Ave, Toronto, ON M5J 2P1
( Wheelchair Accessible).

Borrowell Products

Free Credit Rating.
Free Credit Scores Report.
Credit report Coach.
Credit rating Builder.
Rent Advantage.

Borrowell Google Review Summary

Borrowell has 4.5 celebrities on Google Reviews put together from over 700 testimonials.

Borrowell Recent Purchases

2021 – Refresh Financial.

Borrowell Management Group/ Trick People

Andrew Graham – Founder & CEO.
Eva Wong – Founder & COO.
Lisa Brown – VP, People & Culture.
Jeff Yim – CFO, Financing.
Simon Wyse – VP, Profits.
Wilson Pappo – VP, Item.
Amruta Karmarkar – VP, Engineering.