easyfinancial vs Borrowell
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 | easyfinancial | Borrowell |
|---|---|---|
| Loan Amounts | $500 – $150,000 | $1,000 – $35,000 |
| Interest Rates | 9.99% – 34.95% APR | 5.60% – 29.19% APR |
| Loan Terms | 9 – 240 months | 12 – 60 months |
| Credit Required | All credit types accepted | Fair to good credit (620+) |
| Funding Speed | Same day to 2 business days | 1 – 3 business days |
| Headquarters | Mississauga, Ontario | Toronto, Ontario |
| Founded | 2006 | 2014 |
| Best For | Borrowers with poor credit who need larger loan amounts | Borrowers with fair-to-good credit who want low rates and free credit monitoring |
Loan Amounts
easyfinancial
$500 – $150,000
Borrowell
$1,000 – $35,000
Interest Rates
easyfinancial
9.99% – 34.95% APR
Borrowell
5.60% – 29.19% APR
Loan Terms
easyfinancial
9 – 240 months
Borrowell
12 – 60 months
Credit Required
easyfinancial
All credit types accepted
Borrowell
Fair to good credit (620+)
Funding Speed
easyfinancial
Same day to 2 business days
Borrowell
1 – 3 business days
Headquarters
easyfinancial
Mississauga, Ontario
Borrowell
Toronto, Ontario
Founded
easyfinancial
2006
Borrowell
2014
Best For
easyfinancial
Borrowers with poor credit who need larger loan amounts
Borrowell
Borrowers with fair-to-good credit who want low rates and free credit monitoring
Pros & Cons
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
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
Which Lender Should You Choose?
Choose easyfinancial if you're looking for a lender that specializes in borrowers with poor credit who need larger loan amounts. They offer loan amounts of $500 – $150,000 with funding as fast as same day to 2 business days.
Choose Borrowell if you're better described as borrowers with fair-to-good credit who want low rates and free credit monitoring. They offer $1,000 – $35,000 with fair to good credit (620+) 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 easyfinancial or Borrowell better?
It depends on your needs. easyfinancial is rated 3.8/5 and is best for borrowers with poor credit who need larger loan amounts. Borrowell is rated 4.3/5 and is best for borrowers with fair-to-good credit who want low rates and free credit monitoring.
Which has lower interest rates?
easyfinancial charges 9.99% – 34.95% APR, while Borrowell charges 5.60% – 29.19% APR. Your actual rate depends on your credit profile.
Which lender funds faster?
easyfinancial: Same day to 2 business days. Borrowell: 1 – 3 business days.
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