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?
easyfinancial is best suited to borrowers with poor credit who need larger loan amounts, while Borrowell is best suited to borrowers with fair-to-good credit who want low rates and free credit monitoring. The better option depends on your credit profile and borrowing needs.
What are the interest rates for easyfinancial vs Borrowell?
easyfinancial charges 9.99% – 34.95% APR, while Borrowell charges 5.60% – 29.19% APR. Your actual rate will depend on your credit profile and the specific loan product you qualify for.
Which lender has faster funding — easyfinancial or Borrowell?
easyfinancial offers funding in same day to 2 business days, while Borrowell provides funds in 1 – 3 business days.
Other Lender Comparisons
Compare Both Lenders & More
Apply once through 365 Loans and receive offers from multiple Canadian lenders — no obligation, no impact on your credit score.
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