Lender
Rating by Finanso®
i

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 PayOff

Advertiser Disclosure

Borrowell's payment system is designed to provide borrowers with flexibility and convenience when managing their loan repayments. Through its user-friendly platform, borrowers can easily set up automatic payments from their bank accounts, ensuring timely and hassle-free repayment of their loans. Alternatively, borrowers have the option to make manual payments through the Borrowell website or app, giving them full control over when and how they choose to repay their loans. Borrowell's payment system also allows borrowers to review their payment history, track their progress, and make adjustments as needed, providing transparency and peace of mind throughout the repayment process.

With Borrowell's commitment to customer satisfaction, the payment system is supported by a dedicated customer support team available to assist borrowers with any questions or concerns they may have. Whether borrowers prefer automated payments for convenience or manual payments for greater control, Borrowell strives to accommodate diverse preferences and ensure a positive experience for all users. By offering a reliable and user-friendly payment system, Borrowell aims to empower borrowers to take control of their finances and successfully manage their loan repayments with ease.

Make payments online through the Borrowell account

  1. Log in to Your Borrowell Account. Visit the Borrowell website and log in to your Borrowell account using your email address and password. If you don't have an account yet, you'll need to sign up for one using the email address associated with your loan.

  2. Navigate to the Payment Section. Once logged in, navigate to the payment section of your Borrowell account. This section is typically located in the menu or dashboard, labeled as "Make a Payment" or similar.

  3. Choose Your Payment Method. Borrowell offers various payment methods for making online payments, including bank account transfers and debit card payments. Select the payment method that is most convenient for you.

  4. Enter Payment Details. Depending on the payment method you choose, you may need to enter additional payment details, such as your bank account information or debit card details. Ensure that all information is accurate to avoid any payment processing issues.

  5. Enter Payment Amount. Specify the amount you wish to pay towards your Borrowell loan. You can choose to make the minimum payment, pay off the full balance, or enter a custom payment amount.

  6. Review and Confirm. Review the payment details, including the payment amount and payment method, to ensure everything is correct. Once you are satisfied, confirm the payment to initiate the transaction.

  7. Receive Confirmation. After confirming your payment, you should receive a confirmation message indicating that your payment has been successfully processed. You may also receive an email confirmation for your records.

Make payments through the Borrowell app

  1. Download and Install the Borrowell App. If you haven't already, download the Borrowell app from the App Store (for iOS devices) or Google Play Store (for Android devices). The app is free to download and available for both smartphones and tablets.

  2. Log in to Your Borrowell Account. Once you have installed the Borrowell app, log in to your Borrowell account using your email address and password. If you don't have an account yet, you can sign up for one directly through the app.

  3. Navigate to the Payment Section. After logging in, navigate to the payment section of the Borrowell app. This section is typically located in the menu or dashboard and labeled as "Make a Payment" or similar.

  4. Choose Your Payment Method. Borrowell offers various payment methods for making payments through the app, including bank account transfers and debit card payments. Select the payment method that is most convenient for you.

  5. Enter Payment Details. Depending on the payment method you choose, you may need to enter additional payment details, such as your bank account information or debit card details. Ensure that all information is accurate to avoid any payment processing issues.

  6. Enter Payment Amount. Specify the amount you wish to pay towards your Borrowell loan. You can choose to make the minimum payment, pay off the full balance, or enter a custom payment amount.

  7. Review and Confirm. Review the payment details, including the payment amount and payment method, to ensure everything is correct. Once you are satisfied, confirm the payment to initiate the transaction.

  8. Receive Confirmation. After confirming your payment, you should receive a confirmation message indicating that your payment has been successfully processed. You may also receive an email confirmation for your records.

Additional resources

Sources

FAQ

How long does it take Borrowell to receive payment?

The time it takes for Borrowell to receive payment can vary depending on the payment method used and the processing times of the financial institutions involved. In general, payments made through online banking or the Borrowell app using electronic funds transfer (EFT) from a Canadian bank account typically take one to three business days to process. Debit card payments may also be processed within a similar timeframe. It's important to note that payments made close to the due date may take longer to process, so borrowers should plan accordingly to ensure timely payment.

How do I add a bill payee to my Borrowell account?

To add Borrowell as a bill payee to your bank account, you'll need to log in to your online banking portal or mobile banking app provided by your financial institution. From there, navigate to the bill payment section and select the option to add a new payee or biller. Search for Borrowell in the list of available payees and follow the prompts to add Borrowell as a bill payee. You may need to provide your Borrowell account number or other identifying information during the setup process. Once added, you can initiate payments to Borrowell directly from your bank account using online bill payment services.

Can make a Borrowell payment over the phone?

Borrowell does not currently offer the option to make payments over the phone. However, borrowers can make payments through their Borrowell account online or through the Borrowell app using various payment methods, including electronic funds transfer (EFT) from a Canadian bank account or debit card payments. These online payment methods provide a convenient and secure way to manage loan repayments without the need to contact Borrowell directly. If borrowers encounter any issues or have questions about making payments, they can reach out to Borrowell's customer support team for assistance.

Financial products
Borrowell
Personal Loan
Rating by Finanso®
i

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™
0
300
650
1000
$500-$50,000
Rate
i

Effective interest rate on the product

up to 39.99%
Term
i

Loan term for the financial product

up to 84 months
Borrowell
Business loan
Rating by Finanso®
i

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™
0
300
650
1000
$500-$50,000
Rate
i

Effective interest rate on the product

up to 39.99%
Term
i

Loan term for the financial product

up to 84 months
Similar products
Best Quick Loan Today 25.05.2024*
Mr. Payday
Need a Quick Loan Now?
Rating by Finanso®
i

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™
0
300
650
1000
up to $10.000
Coast Capital Savings
Personal Loan
Rating by Finanso®
i

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™
0
300
650
1000
$500-$50,000
Rate
i

Effective interest rate on the product

7.5%
Term
i

Loan term for the financial product

60 months
Mogo
Personal Loan
Rating by Finanso®
i

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™
0
300
650
1000
$500-$15,000
Rate
i

Effective interest rate on the product

up to 46.96%
Term
i

Loan term for the financial product

up to 60 months
Rating by Finanso®
i

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™
0
300
650
1000
1000.00 – 5000.00 C$
Rate
i

Effective interest rate on the product

19.90 – 45.90 %
Term
i

Loan term for the financial product

6 months – 36 months
Rating by Finanso®
i

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™
0
300
650
1000
from 1000.00 C$
Rate
i

Effective interest rate on the product

from 14.40 %
Term
i

Loan term for the financial product

to 1 years
Lending Loop
Business loan
Rating by Finanso®
i

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™
0
300
650
1000
$1,000-$500,000
Rate
i

Effective interest rate on the product

up to 24.93%
Term
i

Loan term for the financial product

up to 60 months
Driven
Small business loan
Rating by Finanso®
i

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™
0
300
650
1000
$500-$300,000
Rate
i

Effective interest rate on the product

set individually
Term
i

Loan term for the financial product

up to 24 months
Farm Credit Canada
Equipment Financing
Rating by Finanso®
i

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™
0
300
650
1000
Spring Financial
The Foundation
Rating by Finanso®
i

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™
0
300
650
1000
up to $1,500
Rate
i

Effective interest rate on the product

from 18.99%
Term
i

Loan term for the financial product

up to 12 months
LendCare
Business loan
Rating by Finanso®
i

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™
0
300
650
1000
Term
i

Loan term for the financial product

up to 60 months
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All Borrowell’s reviews by may 2024
Leave feedback
Similar companies
Urgent Loans
61 King suite 405 Montreal, Quebec H3C 2P1
Newstart
1801-1 Yonge St. Toronto, Ontario M5E 1W7
Fora Credit
PO Box 17071, Toronto, RPO Yonge-King, ON M5E 1Y2
+1 (888) 899-3672
AimFinance
355-4480 Chemin de la Côte-de-Liesse Mont-Royal, Québec H4N 2R1 Canada
+1 (888) 664-1982
Windmill Microlending
220 – 20th St W, Suite 210, Saskatoon SK S7M 0W9
+1 (855) 423-2262