Borrowell vs easyfinancial
A detailed side-by-side comparison of two popular Canadian lenders. See how they stack up on rates, loan amounts, eligibility, and overall experience.
Borrowell
Borrowers with fair-to-good credit who want low rates and free credit monitoring
Full Review →Side-by-Side Comparison
| Feature | Borrowell | easyfinancial |
|---|---|---|
| Loan Amounts | $1,000 – $35,000 | $500 – $150,000 |
| Interest Rates | 5.60% – 29.19% APR | 9.99% – 34.95% APR |
| Loan Terms | 12 – 60 months | 9 – 240 months |
| Credit Required | Fair to good credit (620+) | All credit types accepted |
| Funding Speed | 1 – 3 business days | Same day to 2 business days |
| Headquarters | Toronto, Ontario | Mississauga, Ontario |
| Founded | 2014 | 2006 |
| Best For | Borrowers with fair-to-good credit who want low rates and free credit monitoring | Borrowers with poor credit who need larger loan amounts |
Loan Amounts
Borrowell
$1,000 – $35,000
easyfinancial
$500 – $150,000
Interest Rates
Borrowell
5.60% – 29.19% APR
easyfinancial
9.99% – 34.95% APR
Loan Terms
Borrowell
12 – 60 months
easyfinancial
9 – 240 months
Credit Required
Borrowell
Fair to good credit (620+)
easyfinancial
All credit types accepted
Funding Speed
Borrowell
1 – 3 business days
easyfinancial
Same day to 2 business days
Headquarters
Borrowell
Toronto, Ontario
easyfinancial
Mississauga, Ontario
Founded
Borrowell
2014
easyfinancial
2006
Best For
Borrowell
Borrowers with fair-to-good credit who want low rates and free credit monitoring
easyfinancial
Borrowers with poor credit who need larger loan amounts
Pros & Cons
Borrowell
Pros
- Free Equifax credit score for all users
- Among the lowest APRs for non-bank lenders (from 5.60%)
- AI-powered personalized financial product recommendations
- Over 2 million Canadian users — well-established platform
Cons
- Requires fair to good credit (620+ score recommended)
- Not ideal for borrowers with poor or no credit history
- Personal loans not available in all provinces
easyfinancial
Pros
- Accepts all credit types including poor credit
- Very large loan amounts available (up to $150,000 secured)
- Over 400 locations across Canada for in-person service
- Reports to both Equifax and TransUnion for credit building
Cons
- Interest rates can be high for unsecured loans
- Secured loans require collateral (home equity or vehicle)
- Some products have origination or administrative fees
Which Lender Should You Choose?
Choose Borrowell if you're looking for a lender that specializes in borrowers with fair-to-good credit who want low rates and free credit monitoring. They offer loan amounts of $1,000 – $35,000 with funding as fast as 1 – 3 business days.
Choose easyfinancial if you're better described as borrowers with poor credit who need larger loan amounts. They offer $500 – $150,000 with all credit types accepted credit requirements.
Still unsure? Apply through 365 Loans to compare offers from both lenders and more — with no impact on your credit score.
Frequently Asked Questions
Is Borrowell or easyfinancial better?
It depends on your needs. Borrowell is rated 4.3/5 and is best for borrowers with fair-to-good credit who want low rates and free credit monitoring. easyfinancial is rated 3.8/5 and is best for borrowers with poor credit who need larger loan amounts.
Which has lower interest rates?
Borrowell charges 5.60% – 29.19% APR, while easyfinancial charges 9.99% – 34.95% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
Borrowell: 1 – 3 business days. easyfinancial: Same day to 2 business days.
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Compare Loan OffersEditorial Note: Our content is reviewed by financial experts for accuracy. We may receive compensation from partner lenders, which does not influence our rankings or recommendations. Read our full disclosures