Updated September 28, 2026 · BorrowCue Editorial Team
BBVA vs Borrowell
BBVA vs Borrowell: the differences
| Compare | BBVA ReviewVisitVisit |  Borrowell |
|---|---|---|
| APR | 8.08% to 9.16% | 0%Lower |
| Loan amount | €3,000 to €75,000 | CA$500 to CA$50,000 |
| Term | 24 to 96 monthsHigher | 48 months |
| Credit check | Hard | Soft prequal |
| Funding time | Money credited to your BBVA account after signing, in 3 steps | Usually within a matter of days of approval by loan partners |
| Lender type | Direct lender | Marketplace |
| Free early repayment | No | YesHas it |
| Eligibility | Must be a BBVA customer with an account; the 1% rate discount requires payroll (min net EUR 600/month) or pension (min EUR 300/month) domiciled at BBVA | Canadian citizen or permanent resident, age of majority in province of residence; loan applicants 18+ |
| Loan types | Personal | Personal, Debt consolidation, Business, CarCovers more |
| Arrangement fee | 0 EUR | Not confirmed |
| Representative example | EUR 10,000 over 8 years: EUR 145.47/month at 9.16% TAE, opening fee 0%, total EUR 13,976.85 | Not confirmed |
| Rate type | Fixed | Not confirmed |
| Origination fee (%) | 0% | Not confirmed |
| Credit needed | Not confirmed | Poor |
Same on both: Use cases (Home improvement).
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Key differences
- BBVA scores higher overall: 9.4 vs 8.9.
- Founded is lower at BBVA: 1857 vs 2014.
- APR is lower at Borrowell: 0% vs 8.08% to 9.16%.
- Free early repayment: only Borrowell.
- Term is higher at BBVA: 24 to 96 months vs 48 months.
- Loan types: only Borrowell offers Debt consolidation, Business, Car.
Our verdict on each
BBVA
BBVA suits existing customers in Spain who want a fixed-rate personal loan with fees of 0 EUR and the money landing in their BBVA account. The cost picture is the draw: APR of 8.08% to 9.16% sits below the site median, 12%, though the account requirement narrows who can apply.
Borrowell
Borrowell suits Canadian borrowers with poor credit who want a marketplace willing to consider them, and its credit building loan carries an APR of 0% over 48. Loans run CAD 500 to CAD 50,000, funding follows partner approval, and the check itself is soft prequal.
Score breakdown
| Area | BBVA | Borrowell |
|---|---|---|
| Cost | 8.9APR of 8.08% to 9.16% on a personal loan with fees of 0 EUR, below the site median, 12%. | 9.5Higher |
| Offer | 9.6Higher | 9.0 |
| Trust | 9.6Higher | 8.3 |
How they place
| Ranking | BBVA | Borrowell |
|---|---|---|
| Personal loans | 81 of 1932 | 109 of 1932 |
| Mortgages | 9 of 719 | 15 of 719 |
| Home improvement loans | 34 of 562 | 52 of 562 |
Which one suits you
Pick BBVA if offer and term matter most.
Pick Borrowell if cost, apr, free early repayment, and loan types matter most.
Where each is licensed and available
| Country | BBVA | Borrowell |
|---|---|---|
| Spain | Comision Nacional del Mercado de Valores (CNMV) MiCA CASP K8MS7FD7N5Z2WQ51AZ71 | Not confirmed |
Additional countries for BBVA: 1. Additional countries for Borrowell: 1.
Where these facts come from
BBVA
- bbva.es: 15 facts, checked September 26, 2026
- esma.europa.eu: 2 facts, checked September 26, 2026
- es.wikipedia.org: 1 fact, checked September 26, 2026
Borrowell
- borrowell.com: 15 facts, checked September 26, 2026
Every fact side by side
| Fact | BBVA | Borrowell |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Legal entity | Banco Bilbao Vizcaya Argentaria S.A. | Borrowell Inc. |
| Headquarters | Spain | Canada |
| Founded | 1857Lower | 2014 |
| Support channels | Not confirmed | Email, Help centre |
Mortgages
| Fact | BBVA | Borrowell |
|---|---|---|
| Purpose | Not confirmed | Purchase, Remortgage, First time buyer |
Where each stands against the rest
| Fact | BBVA | Borrowell | Median |
|---|---|---|---|
| APR | 8.08% to 9.16%below the median | 0%lowest quarter | 8.99 |
| Term | 24 to 96 monthsabove the median | 48 monthsbelow the median | 60 |
| Origination fee (%) | 0%below the median | Not confirmed | 0.25% |
Median across 1005 listed lenders.
Pros and cons
BBVA
Pros
- APR of 8.08% to 9.16% sits below the site median, 12%.
- Fees of 0 EUR on a personal loan, so the quoted rate is not padded by an opening charge.
- Money is credited to the BBVA account after signing, so settlement needs no new payee setup.
Cons
- Free early repayment is no, so clearing the balance sooner carries a cost.
- Eligibility starts with holding a BBVA account, and the rate discount asks for a payroll or pension domiciled at BBVA.
- The credit check is hard, so a decline can leave a mark on the credit file.
Borrowell
Pros
- The credit building loan runs at an APR of 0% with early repayment free.
- The check is soft prequal and the credit bar is poor, so thin files still get considered.
- Borrowing covers personal, debt consolidation and business needs, with loans of CAD 500 to CAD 50,000.
Cons
- Support runs on email and help centre only, so there is no phone line for urgent queries.
- As a marketplace, the rate and the approval sit with loan partners rather than with Borrowell.
- Loan amount ranks 457 of 685, so the ceiling is modest beside lenders offering more.
Who each suits
BBVA
Who it suits
- Existing BBVA account holders in Spain with a domiciled payroll or pension who want a rate they can plan around.
- Borrowers funding a home improvement project who can spread the cost, since terms run 24 to 96.
- Readers who prefer the lender to hold the contract rather than a broker, since BBVA is a direct lender.
Who should look elsewhere
- Cashspace, priced at an APR of PHP 12 to PHP 36, if you want a different rate band than BBVA's 8.08% to 9.16%.
- Monzo Flex, at 10% to 23%, for readers comparing a UK lender rather than a Spanish bank.
- Cashspace ES, whose listed APR of 0% reads lower than BBVA's 8.08% to 9.16%.
Borrowell
Who it suits
- Canadian citizens or permanent residents who are adults at the age of majority in their province.
- Borrowers with poor credit who want a soft prequal check before an application goes to a partner.
- Borrowers rebuilding a credit file who can let a loan run for 48 and clear it early without a charge.
Who should look elsewhere
- Cashspace, at PHP 12 to PHP 36, if you want a stated rate range rather than partner-set pricing.
- Cashspace ES, whose €100 to €5,000 is a better fit for smaller sums.
- Monzo Flex, at 10% to 23%, if a fixed published range matters more to you than a partner marketplace.
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 | BBVA | Borrowell |
|---|---|---|
| Canada | No | Yes |
| Spain | Yes | No |
Questions about each
BBVA
What rate does BBVA charge on a personal loan?+
The personal loan carries an APR of 8.08% to 9.16%, fixed for the whole term. The published example pairs that rate with fees of 0 EUR, so the quoted figure is not padded by an opening charge. Terms run 24 to 96, which shapes the monthly instalment.
Is BBVA regulated?+
BBVA appears in the Spanish register under the Comision Nacional del Mercado de Valores (CNMV), listed as licence MiCA CASP K8MS7FD7N5Z2WQ51AZ71. The legal entity behind the brand is Banco Bilbao Vizcaya Argentaria S.A., and the bank is a direct lender, so the contract is with the bank itself.
Borrowell
What does a Borrowell loan cost?+
Borrowell's credit building loan runs at an APR of 0% over a term of 48, and early repayment is free on it. Its personal, debt consolidation and business loans go through loan partners who set their own pricing, so this rate does not cover the whole marketplace.
What credit check does Borrowell use?+
The check on a Borrowell application is soft prequal, and the credit bar sits at poor. That is a lower bar than most lenders ask, which is the point of a marketplace, but a partner still decides both the approval and the rate you are offered.