Borrowell Review 2022:

In the past couple of years, it has became much easier, less complicated and also cheaper for Canadians to swiftly and also securely obtain their complimentary credit score and also credit record promptly online.

Before 2016, the very best way for Canadians to obtain their credit history report and credit rating online was to obtain a free trial of Equifax’s premium solutions, or to subscribe to Transunion’s similar offering.

Luckily, late in 2016 a leading on the internet funding supplier, Borrowell, partnered with Equifax to offer free debt reports as well as ratings to all Canadian customers. This considerably changed the industry landscape overnight.

Join over 2 million other Canadians and also instantaneously get your totally free credit score as well as free credit rating record currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the goal of making monetary success possible for all Canadians. They provide access to on the internet credit history education, innovative credit tools.

They were the very first company in Canada to bring cost-free credit score reports as well as ratings from Equifax to the on the internet masses.

They additionally spearheaded the principle of an AI powered credit score coach with their Molly credit history train offering. Molly makes personalized suggestions regarding exactly how to enhance credit score, and also what credit score products would certainly be ideal fit to each client based upon their details credit score record elements.

In July of 2022 they launched Borrowell Rent Advantage which is the very first product to allow Canadians to build their credit report merely by paying their rent monthly on time. Since press time, this service is only being used to select Borrowell consumers at a subscription rate of $5 each month.

What Does Borrowell Offer?

Free Credit Report Record and Rating:

Borrowell has actually aided greater than 2 million Canadians by supplying them with the tools they require to much better comprehend, master and handle their debt. Making the most of this deal takes less than 3 mins, and also doesn’t have any type of unfavorable effect on your score (known as a soft credit query).

Credit Report Builder

A more recent offering only readily available to select Borrowell clients, this product is a credit building financial savings finance that costs $10/monthly, potentially improves your credit history, and offers you back $240 in cost savings at the end of the term.

Credit Card Comparisons

Borrowell has partnered with many leading banks such as BMO and also Scotiabank to use a range of credit card alternatives for Canadian consumers with all various sorts of credit report profiles. Their AI powered credit report instructor Molly aids in this procedure.

Individual Financings

After obtaining your Equifax Credit score Record as well as Score, Borrowell displays a series of vetted instalment lending offers from their financial institution companions, customized to your credit rating. Although Borrowell does not provide lendings directly, they do give a convenient method to quickly compare loans from relied on companions.

Home Mortgages

Similar to their customized AI-powered credit card as well as car loan referrals, they likewise enable Canadians in the market for a mortgage a quick way to compare rates, as well as have a much better possibility of getting the very best bargain as well as price feasible.


Contrast financial solutions in a practical method with Borrowell’s financial institution contrast tool that assists locate as well as advise the appropriate banking products for you


Canadians can compare insurance policy items on the internet with Borrowell in addition to learning more about and taking control of their credit rating.

Rent Advantage

Revealed in July 2022, Borrowell Rent Advatage permits Canadians to construct credit score with their rent for only $5/month. As this product was simply introduced, even more details make sure to adhere to as it rolls out to all Canadians.

In conclusion, by providing such a wide range of monetary tools and suggestions, Borrowell looks for to be the one stop store that Canadians think of initially when it concerns any kind of aspect of the individual financial resources.

Borrowell Business Details

Borrowell Business Description

Financial Institution in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a proudly Canadian company with a solitary goal in mind: to aid individuals make excellent decisions regarding credit score. This is why we were the initial in Canada to supply free credit scores and reports 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 Rating.
Free Debt Record.
Credit history Coach.
Credit rating Builder.
Rent Advantage.

Borrowell Google Testimonial Summary

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

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Leadership Group/ Trick Individuals

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, Design.