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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Borrowell's account


How to register an account?

Registering a personal account at Borrowell is relatively easy. You need to:

  1. Click "Sign up" on the company's webpage;

  2. Specify your email address and create a strong password;

  3. Confirm the registration by pressing "Create account".

If you want to activate a Borrowell account after deleting it, you need to contact the support service to get assistance.

How to reset a password?

If you have forgotten the password or need to get aid to log in, you need to reset the password. The following procedure is applied:

  1. Click on "Log in"

  2. Press "I forgot my password". Enter the email address you specified when registering at Borrowell;

  3. After that, an email letter with the instructions will be sent.

When your Borrowell account is accessible, but you want to create a stronger password, you can do the next:

  • Modify the password using the mobile app; just press the icon in the upper right corner of the screen. Then, choose "Edit your profile".

  • Adjust the password through a desktop web browser or mobile web browser; select your name button in the upper right corner of the page. When using the mobile application, in the upper left or right corner of the screen, you click on three short lines and then select the "Profile" section from the drop-down list and select "Change Password" under "Account Management".

How to delete an account?

If you want to delete an account, you need to send an email to the support service of Borrowell and receive assistance from a company's representative.

Support service

Borrowell does not use phone numbers in direct communication with customers. At the same time, every Borrowell client can obtain the support needed very fast through the contact form on the service's webpage. Support requests will be reviewed by the company's specialists within 1-2 business days, depending on the issue.

Financial products

Personal loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™

Effective interest rate on the product

up to 39.99%

Loan term for the financial product

up to 84 months

Calculate loan payments in Borrowell

Borrowell calculator will allow you to calculate an approximate payment schedule for the loan

Borrowell calculator
Interest rates are given in accordance with the rates of the bank in Ottawa as of 02.10.2022
Loan amount

Enter the desired loan amount

500 $
50000 $
Loan term

Specify the loan term for the calculation


What to pay attention to when applying for a loan from Borrowell

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Borrowell from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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