Borrowell Review 2022: Borrowell


In the past few years, it has came to be much simpler, simpler and also more affordable for Canadians to promptly and also securely get their totally free credit history and also credit scores report instantly online.

Prior to 2016, the very best method for Canadians to obtain their credit score record as well as credit rating online was to obtain a free test of Equifax’s premium services, or to register for Transunion’s comparable offering.

Fortunately, late in 2016 a leading on-line financing carrier, Borrowell, partnered with Equifax to provide complimentary credit report reports and also scores to all Canadian consumers. This substantially moved the market landscape overnight.

Sign up with over 2 million other Canadians as well as instantly get your totally free credit report as well as complimentary credit history record now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech firm with the goal of making monetary prosperity feasible for all Canadians. They provide accessibility to on the internet debt education, ingenious credit score devices.

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

They likewise pioneered the concept of an AI powered credit report train with their Molly credit history instructor offering. Molly makes individualized suggestions concerning how to improve credit history, as well as what debt products would certainly be best suited per consumer based on their certain credit scores report variables.

In July of 2022 they launched Borrowell Rent Advantage which is the very first item to permit Canadians to develop their credit score simply by paying their rent every month on time. Since press time, this solution is just being supplied to pick Borrowell consumers at a registration rate of $5 monthly.

What Does Borrowell Deal?

Free Credit Rating Record and Score:

Borrowell has actually aided more than 2 million Canadians by offering them with the tools they require to better comprehend, master as well as manage their debt. Taking advantage of this deal takes less than 3 minutes, and does not have any kind of adverse impact on your score (referred to as a soft credit questions).

Credit Score Builder

A more recent offering just offered to pick Borrowell consumers, this item is a credit history building cost savings car loan that costs $10/monthly, potentially improves your credit history, and gives you back $240 in savings at the end of the term.

Bank Card Comparisons

Borrowell has partnered with numerous leading financial institutions such as BMO and Scotiabank to supply a range of credit card options for Canadian consumers with all different sorts of debt accounts. Their AI powered credit history trainer Molly aids in this procedure.

Individual Lendings

After obtaining your Equifax Credit history Report as well as Rating, Borrowell presents a range of vetted instalment lending provides from their banks partners, customized to your credit report. Although Borrowell does not use car loans straight, they do offer a practical way to swiftly contrast loans from relied on companions.

Home Loans

Comparable to their individualized AI-powered credit card and lending suggestions, they additionally enable Canadians in the market for a home mortgage a fast method to compare prices, and have a much better opportunity of obtaining the best bargain and rate possible.


Compare financial options in a convenient method with Borrowell’s bank comparison tool that aids locate and advise the appropriate banking products for you

Insurance Coverage

Canadians can compare insurance coverage products on the internet with Borrowell along with learning more about as well as taking control of their credit rating.

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage allows Canadians to build credit with their rent for only $5/month. As this item was just introduced, even more details make sure to follow as it turns out to all Canadians.

Finally, by supplying such a large range of monetary devices and also referrals, Borrowell looks for to be the one stop store that Canadians think about first when it involves any type of element of the personal financial resources.

Borrowell Firm Details

Borrowell Business Summary

Financial Institution in Toronto, Ontario

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

Borrowell Address

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

Borrowell Products

Free Credit Report.
Free Credit Score Report.
Credit report Coach.
Credit Builder.
Rent Advantage.

Borrowell Google Testimonial Summary

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

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Leadership Team/ Trick People

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