Build credit from $5 biweekly

Build the payment history and credit mix of your credit report with Borrowell Credit Builder. Credit Builder members can see an average credit score increase of 41 points within 5 months¹.

Get Credit Builder

A phone screen that reads 'Borrowell Credit Builder' at the top. Underneath, there is a list with checkmarks next to each item. The list reads: Build your credit history, $10 per month, Access better interest rates, Achieve your financial goals. Under the list, a blue button reads 'Get Started'.

Build your credit and save

Build credit affordably starting at just $5 biweekly

Achieve your financial goals
No hard credit check when you apply
You can cancel anytime without financial penalty

Save money with a better credit score

With an improved credit score, you’ll enjoy:

Lower interest rates
Better credit card offers
Increased loan approval rates
More financial product options

How Credit Builder works

An image of two gold coins, one with a dollar sign written on it, and one with a checkmark on it.

A checkmark with two antennas, representing that Credit Builder reports payment information to two credit bureaus: Equifax and TransUnion

We open a trade line for you that reports to Equifax Canada, diversifying your credit mix. Receive access to exclusive credit education and cash back rewards.³

A credit score dial with the arrow pointing up and to the right

Make on-time payments and build your payment history.⁴

Who benefits from Credit Builder?

Canadians who want to build their credit history and diversify their credit mix
Canadians who want to build their credit to qualify for more credit products like loans, credit cards and mortgages, and to access lower interest rates

Three cartoon people: one woman wearing a pink hijab, one black man with a beard and purple t-shirt, and one white woman with long dark hair.

Get Credit Builder

¹ Based on a May 2022 study of Credit Builder members with an average loan size of $240 and an Equifax Canada ERS 2.0 credit score under 600 who made on-time payments on their Credit Builder and had a credit score increase. Individual results may vary. Other factors, including late payments, activity with your other accounts and credit utilization may impact results.

² To qualify for Credit Builder, you must be a Canadian citizen or permanent resident and you must be the age of majority in your province or territory of residence. Credit Builder is not available in Saskatchewan, New Brunswick and Quebec. Credit builder is not a traditional loan where you get cash upfront. You are paying for access to cash back rewards and exclusive financial education all while building your credit history. You can cancel at any time without a cancellation fee or financial penalty.

³ Terms and conditions apply

⁴ The Credit Builder program reports all your biweekly payments to Equifax Canada. On-time payments can help build credit history and improve your credit score, while missed payments can negatively impact your score.

This program will report to Equifax Canada as a Borrowell installment loan with a 48 month term at a 0% APR.