Do you want to borrow money at low interest that you can receive in one business day? With Borrowell Personal Loans, you can enjoy these multiple advantages and many more. So, continue reading to discover how to apply for the Borrowell Personal Loan.
As a 100% Canadian company, Borrowell aims to help Canadians gain easy access to affordable loans. With its avid use of the latest technology and team of experienced and motivated lending specialists, you can get quality service fast. With your borrowed money, you can plan your wedding, expand your business, consolidate your debts, and make huge purchases like homes and vehicles.
Still, want more information on how to order a Borrowell Personal Loan? The lender’s tons of advantages and perks may convince you.
Borrowell Personal Loan Features and Benefits
Borrowell uses the latest web technology to get your credit score online. This free service will allow you to check whether you are qualified for a loan immediately. You can also find out your personalized rate and other relevant information regarding your loan application after receiving your loan quote.
Borrowell offers low-interest rates that will help maximize your money. The lender also provides a high loan limit. You can loan up to $35,000 for your various needs starting with a 5.99% interest.
The lender also allows you to choose from pay in flexible loan terms. You can select a payment term from a range of 3-5 years, that will suit your needs.
What’s more, Borrowell lets you repay your loan as early as you can once you have enough money without charging a pre-payment fee, giving you the chance to save on daily interest.
Are you interested in securing a Borrowell Personal Loan? Find out the application process and requirements of the lender.
Borrowell Personal Loan Application Process
You can apply for a loan online by following the process on their website. You can check your rate then get a quote if you are qualified. Borrowell will then verify your information by asking for a copy of your proof of income and identification card or document that you are at least 18 (or 19 years in some provinces) or older and a Canadian citizen or permanent resident. You must also have an existing bank account and a valid email address.
Borrowell can provide a loan ranging from $1,000 to $35,000 that you can repay within 3 to 5 years.
Fees and Interest Rates
Borowell charges an origination fee ranging from 1%-5% of the loan, depending on your credit score. The lender does not ask for pre-payment fee or late payment fee.
The interest rate may fall between 5.99% to 29.99%. The lender computes your interest rates depending on your credit history, financial capacity, payment term, and other factors.
In summary, a Borrowell Personal Loan is right for you if you want to borrow a huge amount of money at low-interest.