Updated September 28, 2026 · BorrowCue Editorial Team
Borrowell vs Commerzbank
What sets them apart
| Compare |  Borrowell |  Commerzbank |
|---|---|---|
| APR | 0%Lower | 3.29% to 12.49% |
| Loan amount | CA$500 to CA$50,000 | €1,500 to €100,000 |
| Term | 48 months | 6 to 119 monthsHigher |
| Credit check | Soft prequal | Hard |
| Funding time | Usually within a matter of days of approval by loan partners | Payout generally within 24 hours after the fully digital application and credit approval |
| Lender type | Marketplace | Direct lender |
| Eligibility | Canadian citizen or permanent resident, age of majority in province of residence; loan applicants 18+ | At least 18 years old, fixed residence in Germany, current account at a German bank receiving salary or pension, statutory credit check with a Schufa report free of negative entries; private purposes only, not for the self-employed |
| Loan types | Personal, Debt consolidation, Business, CarCovers more | Personal |
| Representative example | Not confirmed | Ratenkredit legally required representative example: effective annual rate 6.64% p.a., fixed nominal rate 6.45% p.a., term 60 months, net loan amount EUR 10,000, 60 monthly instalments of EUR 195.41, total EUR 11,724.55 |
| Rate type | Not confirmed | Fixed |
| Credit needed | Poor | Not confirmed |
| Use cases | Home improvement | Not confirmed |
Same on both: Free early repayment (Yes).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Commerzbank scores higher overall: 9.4 vs 8.9.
- Founded is lower at Commerzbank: 1870 vs 2014.
- APR is lower at Borrowell: 0% vs 3.29% to 12.49%.
- Term is higher at Commerzbank: 6 to 119 months vs 48 months.
- Support channels: only Commerzbank offers Phone.
- Loan types: only Borrowell offers Debt consolidation, Business, Car.
Our verdict on each
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.
Commerzbank
Commerzbank suits German salaried employees and pensioners with a clean Schufa record who want a fixed-rate instalment loan from a bank they already hold an account with. Interest runs at 3.29% to 12.49% on amounts of €1,500 to €100,000, and payout generally lands within a day of approval.
Score breakdown
| Area | Borrowell | Commerzbank |
|---|---|---|
| Cost | 9.5Higher | 9.4 |
| Offer | 9.0 | 9.2HigherDirect lender offering personal loans at 3.29% to 12.49%, terms of 6 to 119 and free early repayment on the instalment product. |
| Trust | 8.3 | 9.6Higher |
Choosing between them
Pick Borrowell if apr and loan types matter most.
Pick Commerzbank if term matter most.
Side by side, item by item
| Loan types | Borrowell | Commerzbank |
|---|---|---|
| Personal | Yes | Yes |
| Debt consolidation | Yes | No |
| Car | Yes | No |
| Business | Yes | No |
Positions in our rankings
| Ranking | Borrowell | Commerzbank |
|---|---|---|
| Personal loans | 109 of 1932 | 80 of 1932 |
| Mortgages | 15 of 719 | 8 of 719 |
| Remortgage deals | 13 of 351 | 8 of 351 |
Every fact side by side
| Fact | Borrowell | Commerzbank |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Not confirmed | Same day funding |
| Legal entity | Borrowell Inc. | Commerzbank Aktiengesellschaft |
| Headquarters | Canada | Germany |
| Founded | 2014 | 1870Lower |
| Support channels | Email, Help centre | Email, Phone, Help centreCovers more |
Mortgages
| Fact | Borrowell | Commerzbank |
|---|---|---|
| Initial rate | Not confirmed | 4.45% |
| APRC | Not confirmed | 4.54% |
| Fixed period | Not confirmed | 10 years |
| Maximum loan to value | Not confirmed | 60% |
| Purpose | Purchase, Remortgage, First time buyer | Purchase, Remortgage, Home equity |
Where each stands against the rest
| Fact | Borrowell | Commerzbank | Median |
|---|---|---|---|
| APR | 0%lowest quarter | 3.29% to 12.49%lowest quarter | 8.99% |
| Term | 48 monthsbelow the median | 6 to 119 monthshighest quarter | 60 months |
Median across 1005 listed lenders.
Pros and cons
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.
Commerzbank
Pros
- You deal with a direct lender, so the bank sets the rate and funds the loan with no broker in between.
- Installments run at 3.29% to 12.49% on a fixed basis, and early repayment is free.
- Payout generally lands within a day once a fully digital application is approved, and the loan carries same day funding.
Cons
- The credit check is hard: hard, and eligibility wants a Schufa report free of negative entries.
- Lending covers private purposes and personal loans only, so the self-employed are excluded.
- Support runs on email, phone and help centre only.
Who each suits
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.
Commerzbank
Who it suits
- Adults living in Germany permanently whose salary or pension is paid into a current account at a German bank.
- Borrowers happy with one fixed rate for the whole term who can clear the balance early at no extra cost.
- Homebuyers and remortgagers who can live with a maximum loan to value of 60%.
Who should look elsewhere
- Self-employed applicants, as the instalment loan is for private purposes only.
- Borrowers chasing the lowest headline rate: Cashspace ES shows 0% and Monzo Flex 10% to 23%, but neither is a German bank loan for residents here.
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
Commerzbank
Current offer
Bonus
Automatic individual rate advantage on Ratenkredit for free use concluded online or in the app: 0.01% to 0.6% p.a. lower rate
Valid until further notice; only for Ratenkredite zur freien Verfügung concluded via the online application or app; contracts via comparison portals excluded; amount depends on term and creditworthiness
Source, checked September 26, 2026
Country by country
| Country | Borrowell | Commerzbank |
|---|---|---|
| Canada | Yes | No |
| Germany | No | Yes |
Questions about each
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.
Commerzbank
What interest rate do I pay on a Commerzbank instalment loan?+
The instalment loan is fixed-rate, so fixed rates of 3.29% to 12.49% apply for the whole term. The legally required representative example also sets out the effective annual rate, the nominal rate, the term, the net amount borrowed, the monthly instalment and the total repaid, which makes the real cost easy to check before applying.
How much can I borrow, and over what term?+
Amounts run €1,500 to €100,000 on the instalment loan, and the term runs 6 to 119. You repay in fixed monthly instalments, so a longer term lowers each payment but raises the total repaid, while a shorter term does the opposite.
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