Updated September 28, 2026 · SumCue Editorial Team
Borrowell vs CHECK24
Borrowell
CHECK24
Higher score in this comparison
Where Borrowell and CHECK24 differ
| Compare | BorrowellReviewVisitVisit | CHECK24ReviewVisitVisit |
|---|---|---|
| APR | 0%Lower | 0.68% to 19.92% |
| Loan amount | CA$500 to CA$50,000 | €500 to €150,000 |
| Term | 48 months | 12 to 240 monthsHigher |
| Funding time | Usually within a matter of days of approval by loan partners | as little as 3 minutes at some banks, same day |
| Lender type | Marketplace | Broker |
| Loan types | Personal, Debt consolidation, Business, CarCovers more | Personal, Debt consolidation |
| Arrangement fee | Not confirmed | 0 EUR |
| Representative example | Not confirmed | Ratenkredit: net loan amount 20,000 EUR, 7 years (84 months), 5.39% effective annual rate, 5.26% fixed nominal rate p.a., monthly instalment 285.14 EUR, total amount 23,951.75 EUR, Openbank Deutschland AG (BestCredit) |
| Rate type | Not confirmed | Fixed |
| Eligibility | Canadian citizen or permanent resident, age of majority in province of residence; loan applicants 18+ | Not confirmed |
| Credit needed | Poor | Not confirmed |
Same on both: Credit check (Soft prequal), Free early repayment (Yes), Use cases (Home improvement).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- CHECK24 scores higher overall: 9.3 vs 8.9.
- Founded is lower at CHECK24: 1999 vs 2014.
- CHECK24 is available in 2 more countries.
- APR is lower at Borrowell: 0% vs 0.68% to 19.92%.
- Term is higher at CHECK24: 12 to 240 months vs 48 months.
- Support channels: only CHECK24 offers Chat, Phone.
- Pricing model: only Borrowell offers No annual fee.
- Pricing model: only CHECK24 offers Monthly.
- Loan types: only Borrowell offers Business, Car.
Our verdict on each
Borrowell
Borrowell suits Canadians who want a single place to compare personal loan offers, check a credit score without a fee and rebuild a thin credit file. Loan sizes run CAD 500 to CAD 50,000 through a marketplace, and the credit builder term is 48 at an APR of 0%.
CHECK24
CHECK24 suits German households who want one place to shop across savings, loans, mortgages and many insurance types, and who are happy to be matched to a partner rather than served directly. Its easy-access savings pays a headline rate of 3.82% with no notice period and free early repayment.
Score breakdown
| Area | Borrowell | CHECK24 |
|---|---|---|
| Cost | 9.5An annual fee of CAD 0 on the score service and a credit builder APR of 0% mean the cost side is light. | 9.8HigherOrigination fee of 0 EUR, a monthly fee of €0 on the savings account and a minimum deposit of €0. |
| Offer | 9.1A marketplace matching personal, debt consolidation and business and a stated credit profile target of poor widen the choice. | 9.6Higher |
| Trust | 8.4 | 8.6Higher |
Feature by feature
| Loan types | Borrowell | CHECK24 |
|---|---|---|
| Personal | Yes | Yes |
| Debt consolidation | Yes | Yes |
| Car | Yes | No |
| Business | Yes | No |
| Use cases | Borrowell | CHECK24 |
|---|---|---|
| Home improvement | Yes | Yes |
Also worth a look
FINANZCHECK.de has apr at -0.4% to 19.9%, against 0% for Borrowell and 0.68% to 19.92% for CHECK24.
FINANZCHECK.de reviewHow they place
| Ranking | Borrowell | CHECK24 |
|---|---|---|
| Loans | 122 of 2043 | 88 of 2043 |
| Personal loans | 103 of 1317 | 74 of 1317 |
| Mortgages | 12 of 853 | 8 of 853 |
Every fact side by side
| Fact | Borrowell | CHECK24 |
|---|---|---|
| Pricing model | No annual fee | Monthly |
| Features | Not confirmed | Same day funding |
| Legal entity | Borrowell Inc. | CHECK24 Vergleichsportal GmbH |
| Headquarters | Canada | Germany |
| Founded | 2014 | 1999Lower |
| Support channels | Email, Help centre | Chat, Email, Phone, Help centreCovers more |
Credit cards
| Fact | Borrowell | CHECK24 |
|---|---|---|
| Annual fee | CA$0 | Not confirmed |
| Perks | Free weekly Equifax credit score and report monitoring, Free credit report download, Credit score checks that do not hurt your score, Free credit improvement tips and education, Personalized product recommendations from 75+ partners, Bank level 256 bit encryption security | Not confirmed |
Mortgages
| Fact | Borrowell | CHECK24 |
|---|---|---|
| Initial rate | Not confirmed | 3.43% |
| APRC | Not confirmed | 3.5% |
| Fixed period | Not confirmed | 10 years |
| Maximum loan to value | Not confirmed | 66% |
| Purpose | Purchase, Remortgage, First time buyerCovers more | Purchase, Remortgage |
Savings
| Fact | Borrowell | CHECK24 |
|---|---|---|
| Headline rate | Not confirmed | 3.82% |
| Minimum deposit | Not confirmed | €0 |
| Access terms | Not confirmed | Daily-access savings (Tagesgeld), no notice period, cancel at any time |
| Monthly fee | Not confirmed | €0 |
| Account kind | Not confirmed | Easy access |
Where each stands against the rest
| Fact | Borrowell | CHECK24 | Median |
|---|---|---|---|
| APR | 0%lowest quarter | 0.68% to 19.92%lowest quarter | 9.99% |
| Term | 48 monthsbelow the median | 12 to 240 monthshighest quarter | 60 months |
Median across 1096 listed providers.
Pros and cons
Borrowell
Pros
- Free weekly Equifax score and report monitoring, a free credit report download and score checks that do not hurt a file, all in Free weekly Equifax credit score and report monitoring, Free credit report download and Credit score checks that do not hurt your score.
- A spread of personal, debt consolidation, business and car loans (personal, debt consolidation and business) with amounts of CAD 500 to CAD 50,000.
- Free early repayment on credit builder loans, so a thin credit file can be cleared sooner without paying an extra charge.
Cons
- Support runs on email and help centre only, so there is no phone line to chase a partner lender.
- Borrowell is a marketplace (marketplace), so the rate and the approval belong to the partner lender.
- Funding lands Usually within a matter of days of approval by loan partners, so it is not a same day fix for an urgent bill or an emergency repair.
CHECK24
Pros
- Broker model: broker means loan, mortgage and policy terms come from partner banks and insurers rather than from a single provider
- Daily-access savings with no notice period, cancellable at any time, at a headline rate of 3.82%
- A single catalogue covering auto, home and life, so most household policies can be compared in one place
Cons
- A comparison site rather than an insurer or lender: comparison site means the terms and the protections depend on the partner matched to you
- The median easy-access rate across the site is 3%, under the CHECK24 headline rate of 3.82%, so cheaper listings exist
- The listed credit check is soft prequal, which leaves any hard search to the partner bank once an offer is accepted
Who each suits
Borrowell
Who it suits
- Canadians with a thin credit file, since the stated credit profile target is poor.
- People borrowing for home improvement work or to consolidate debt, at amounts of CAD 500 to CAD 50,000.
- Applicants who are a Canadian citizen or permanent resident and meet the age of majority in their province.
Who should look elsewhere
- Not Cashspace: its rates of PHP 12 to PHP 36 are set in Philippine pesos for another market, so it does not serve a Canadian borrower.
- Not Creduma ES for anyone who wants to borrow in euros, since its amounts start at from €12,000.
- Not Sofkredit, whose rates of 10.74% to 18.06% belong to a Spanish market and currency.
CHECK24
Who it suits
- German households holding several policy types who want one place to compare them all
- Anyone parking cash in easy-access savings while keeping it reachable at any time
- Borrowers who want a soft prequalification before a bank runs a full credit check
Who should look elsewhere
- Anyone who wants a direct provider with its own terms, where bunq lends in its own name rather than matching you to partner banks
- People who want life cover written and settled by a single insurer, where Linxea issues directly at a premium from €25
- Readers outside Germany who want a portal registered in their own market, where bunq Spain answers to Spanish registration rather than the German chamber licences held by CHECK24
Current offers
Borrowell
Current offer
Bonus
Credit Builder cash back rewards on select Marketplace products
Credit Builder account in good standing with first payment made; eligible third-party product successfully acquired; valid email on file; minimum redeemable balance $20; rewards paid in CAD
Source, checked September 26, 2026
Country by country
| Country | Borrowell | CHECK24 |
|---|---|---|
| Austria | No | Yes |
| Canada | Yes | No |
| Germany | No | Yes |
| Spain | No | Yes |
Questions about each
Borrowell
Is there an annual fee for the Borrowell credit score service?+
The credit score service carries an annual fee of CAD 0, and the model is no annual fee. Weekly Equifax score and report monitoring, a report download and credit improvement tips all sit in Free weekly Equifax credit score and report monitoring, Free credit report download and Credit score checks that do not hurt your score.
Who actually lends the money?+
Borrowell works as a marketplace (marketplace) run by Borrowell Inc. in Canada. Approval and funding sit with the loan partners, and money usually arrives Usually within a matter of days of approval by loan partners rather than the same day an application goes in.
CHECK24
Is CHECK24 a bank or an insurer?+
No. CHECK24 is a comparison site (comparison site) that sends requests out to partner banks and insurers, and the listed lender type is a broker. The loan or policy you end up holding is issued by the partner rather than by CHECK24, so the price, the terms and the protection all come from that partner.
How much does it cost to use CHECK24?+
There is no origination fee, listed at 0 EUR, and the daily-access savings account carries a monthly fee of €0. The savings headline rate is 3.82% and the minimum deposit is €0, so there is no balance hurdle before you start earning.
Other options to compare
Other matchups
- CHECK24 vs HelloSafe (Atlas)
- CHECK24 vs Income Insurance
- CHECK24 vs WorldTrips
- CHECK24 vs die Bayerische
- CHECK24 vs Porto Seguro
- CHECK24 vs MyPhysicianPlan
- Borrowell vs Sofkredit
- CHECK24 vs HanseMerkur Reiseversicherung AT
- CHECK24 vs AXA
- CHECK24 vs Linxea
- Borrowell vs Creduma ES
- Borrowell vs Creditilia ES
- CHECK24 vs TravelSecure
- Borrowell vs Lendela
- CHECK24 vs Compass
- Borrowell vs AU Small Finance Bank
- CHECK24 vs MSIG Insurance (Thailand)
- CHECK24 vs Vuso UA
- CHECK24 vs TIPINSURE
- CHECK24 vs Max Life Insurance
- CHECK24 vs Lemonade
- CHECK24 vs DirectAsia
- Borrowell vs LEND.ch
- Borrowell vs Alior
- CHECK24 vs WAS Insurance
- Borrowell vs CIMB Bank