Borrowell Review 2022: Borrowell Loan Reviews

Borrowell Loan Reviews

In the past few years, it has became much less complex, simpler as well as less costly for Canadians to swiftly and safely obtain their complimentary credit history as well as credit score report quickly online.

Before 2016, the best way for Canadians to get their credit scores record and credit score online was to obtain a cost-free test of Equifax’s costs solutions, or to register for Transunion’s comparable offering.

Luckily, late in 2016 a leading online finance service provider, Borrowell, partnered with Equifax to offer totally free credit scores reports and also ratings to all Canadian consumers. This significantly moved the sector landscape over night.

Sign up with over 2 million other Canadians and also promptly obtain your complimentary credit report as well as free credit report currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making economic prosperity possible for all Canadians. They supply accessibility to on-line credit education, innovative credit tools.

They were the first business in Canada to bring complimentary credit rating records and ratings from Equifax to the on the internet masses.

They also spearheaded the principle of an AI powered credit history trainer with their Molly credit history trainer offering. Molly makes tailored referrals about how to boost credit score, and also what credit rating items would be finest matched per customer based on their particular debt record aspects.

In July of 2022 they released Borrowell Rent Advantage which is the very first product to enable Canadians to build their credit simply by paying their rent monthly on time. As of press time, this service is only being used to pick Borrowell customers at a membership cost of $5 per month.

What Does Borrowell Deal?

Free Credit Rating Report and Score:

Borrowell has helped more than 2 million Canadians by supplying them with the devices they need to better comprehend, master as well as manage their credit score. Capitalizing on this deal takes less than 3 mins, and also does not have any negative effect on your score (known as a soft debt questions).

Credit Scores Builder

A more recent offering just readily available to choose Borrowell customers, this product is a credit structure savings funding that costs $10/monthly, potentially enhances your credit score, and also provides you back $240 in savings at the end of the term.

Charge Card Comparisons

Borrowell has actually partnered with several leading banks such as BMO as well as Scotiabank to use a variety of charge card alternatives for Canadian customers with all various sorts of credit history profiles. Their AI powered credit rating trainer Molly help in this process.

Individual Lendings

After obtaining your Equifax Debt Report and also Score, Borrowell displays a series of vetted instalment financing provides from their financial institution partners, customized to your credit score. Although Borrowell does not use finances directly, they do supply a convenient method to swiftly contrast finances from relied on partners.


Similar to their personalized AI-powered bank card as well as financing suggestions, they likewise allow Canadians in the market for a home mortgage a fast method to compare rates, as well as have a far better chance of getting the best offer as well as price possible.


Contrast banking options in a hassle-free way with Borrowell’s bank comparison device that assists find as well as recommend the ideal banking items for you

Insurance Policy

Canadians can compare insurance coverage items on-line with Borrowell along with learning more about and also taking control of their credit rating.

Rent Advantage

Announced in July 2022, Borrowell Rent Advatage enables Canadians to construct credit score with their rent for just $5/month. As this item was just introduced, more information make sure to comply with as it rolls out to all Canadians.

To conclude, by supplying such a variety of economic devices and referrals, Borrowell seeks to be the one stop shop that Canadians think of first when it comes to any element of the personal funds.

Borrowell Business Details

Borrowell Firm Summary

Banks in Toronto, Ontario

Borrowell Describes itself as adheres to: Borrowell is a proudly Canadian business with a solitary objective in mind: to assist people make terrific decisions about credit. This is why we were the very first in Canada to use free credit rating and also records from our partner, Equifax, Canada’s biggest credit score bureau.

Borrowell Address

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

Borrowell Products

Free Credit History.
Free Credit Rating Record.
Credit scores Coach.
Credit score Builder.
Rent Advantage.

Borrowell Google Review Summary

Borrowell has 4.5 stars on Google Reviews put together from over 700 evaluations.

Borrowell Current Acquisitions

2021 – Refresh Financial.

Borrowell Leadership Group/ Secret People

Andrew Graham – Co-Founder & CEO.
Eva Wong – Co-Founder & COO.
Lisa Brown – VP, Individuals & Culture.
Jeff Yim – CFO, Money.
Simon Wyse – VP, Revenue.
Wilson Pappo – VP, Item.
Amruta Karmarkar – VP, Design.