Updated September 28, 2026 · BorrowCue Editorial Team
Borrowell vs ICICI Bank Credit Cards
Borrowell vs ICICI Bank Credit Cards: the differences
| Compare |  Borrowell |  ICICI Bank Credit Cards |
|---|---|---|
| APR | 0%Lower | 9.99% to 16.5% |
| Loan amount | CA$500 to CA$50,000 | ₹50,000 to ₹5,000,000 |
| Term | 48 months | 12 to 72 monthsHigher |
| Credit check | Soft prequal | Hard |
| Funding time | Usually within a matter of days of approval by loan partners | Instant disbursement |
| Lender type | Marketplace | Direct lender |
| Free early repayment | YesHas it | No |
| Eligibility | Canadian citizen or permanent resident, age of majority in province of residence; loan applicants 18+ | Indian citizens aged 18-58 years; salaried minimum monthly income 30,000 rupees |
| Loan types | Personal, Debt consolidation, Business, CarCovers more | Personal, Debt consolidation |
| Credit needed | Poor | Good |
| Arrangement fee | Not confirmed | Up to 2% of loan amount plus taxes (Personal Loan processing charge) |
| Rate type | Not confirmed | Fixed |
| Origination fee (%) | Not confirmed | 2% |
Same on both: Use cases (Home improvement).
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Key differences
- ICICI Bank Credit Cards scores higher overall: 9.0 vs 8.9.
- Founded is lower at ICICI Bank Credit Cards: 1994 vs 2014.
- APR is lower at Borrowell: 0% vs 9.99% to 16.5%.
- Free early repayment: only Borrowell.
- Term is higher at ICICI Bank Credit Cards: 12 to 72 months vs 48 months.
- Support channels: only ICICI Bank Credit Cards offers Phone, Chat.
- Loan types: only Borrowell offers 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.
ICICI Bank Credit Cards
ICICI Bank lends directly at 9.99% to 16.5% for personal loans and debt consolidation, with funding time of Instant disbursement. It suits salaried Indian borrowers with a good credit record who want fixed rates and quick money. The processing charge adds to the total, and early repayment carries a fee.
Score breakdown
| Area | Borrowell | ICICI Bank Credit Cards |
|---|---|---|
| Cost | 9.5Higher | 8.5Personal loan interest runs 9.99% to 16.5% with a processing charge of 2% of the amount, and free early repayment: no. |
| Offer | 9.0 | 9.3Higher |
| Trust | 8.3 | 9.3Higher |
Choosing between them
Pick Borrowell if cost, apr, free early repayment, and loan types matter most.
Pick ICICI Bank Credit Cards if offer and term matter most.
What each covers
| Loan types | Borrowell | ICICI Bank Credit Cards |
|---|---|---|
| Personal | Yes | Yes |
| Debt consolidation | Yes | Yes |
| Car | Yes | No |
| Business | Yes | No |
| Use cases | Borrowell | ICICI Bank Credit Cards |
|---|---|---|
| Home improvement | Yes | Yes |
Licences and countries
Additional countries for Borrowell: 1. Additional countries for ICICI Bank Credit Cards: 1.
Where these facts come from
Borrowell
- borrowell.com: 15 facts, checked September 26, 2026
ICICI Bank Credit Cards
- icici.bank.in: 20 facts, checked September 26, 2026
How they place
| Ranking | Borrowell | ICICI Bank Credit Cards |
|---|---|---|
| Personal loans | 112 of 1943 | 106 of 1943 |
| Debt consolidation loans | 47 of 425 | 42 of 425 |
| Mortgages | 17 of 719 | 14 of 719 |
| Remortgage deals | 15 of 351 | 13 of 351 |
| Home improvement loans | 54 of 562 | 51 of 562 |
Every fact side by side
| Fact | Borrowell | ICICI Bank Credit Cards |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Not confirmed | Same day funding |
| Legal entity | Borrowell Inc. | ICICI Bank Limited |
| Headquarters | Canada | India |
| Founded | 2014 | 1994Lower |
| Support channels | Email, Help centre | Phone, Email, Chat, Help centreCovers more |
Mortgages
| Fact | Borrowell | ICICI Bank Credit Cards |
|---|---|---|
| Initial rate | Not confirmed | 7.55% |
| Maximum loan to value | Not confirmed | 80% to 90% |
| Purpose | Purchase, Remortgage, First time buyerCovers more | Purchase, Remortgage |
Where each stands against the rest
| Fact | Borrowell | ICICI Bank Credit Cards | Median |
|---|---|---|---|
| APR | 0%lowest quarter | 9.99% to 16.5%above the median | 8.99% |
| Term | 48 monthsbelow the median | 12 to 72 monthsabove the median | 60 months |
| Origination fee (%) | Not confirmed | 2%above the median | 0.25% |
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.
ICICI Bank Credit Cards
Pros
- Direct lender, so 9.99% to 16.5% is the rate you are offered rather than a broker mark-up
- Funding time is listed as Instant disbursement
- Fixed rate pricing on fixed rate loans, so repayments stay predictable
Cons
- Free early repayment: no, so settling the loan early carries a cost
- A processing charge of 2% of the loan amount plus taxes adds to the total
- Credit check: hard, and the lender asks for a good credit record
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.
ICICI Bank Credit Cards
Who it suits
- Salaried Indian citizens who meet the income requirement for a personal loan
- Borrowers consolidating debt into one fixed-rate repayment
- People who need the money quickly and value Instant disbursement over extra shopping
Who should look elsewhere
- Anyone wanting to clear a personal loan early without paying for it, since free early repayment: no
- Borrowers with a thin credit file, as the credit check is hard
- Shoppers who want a fee-free loan, given a processing charge of 2% plus taxes
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
ICICI Bank Credit Cards
Current offer
Bonus
Sapphiro Credit Card welcome vouchers with BookMyShow buy one get one offer
Sapphiro Credit Card only; includes international and domestic airport lounge access
Source, checked September 26, 2026
Country by country
| Country | Borrowell | ICICI Bank Credit Cards |
|---|---|---|
| Canada | Yes | No |
| India | 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.
ICICI Bank Credit Cards
What rate will I pay on a personal loan?+
Interest runs at 9.99% to 16.5% for a personal loan or a debt consolidation loan. The rate type is fixed, so the figure holds for the life of the loan. Your actual rate depends on how the lender assesses you.
Is there an arrangement fee?+
Yes. A processing charge of 2% of the loan amount applies, plus taxes. That sits on top of the interest at 9.99% to 16.5%, so ask for the full cost before you commit.