Updated September 29, 2026 · BorrowCue Editorial Team
Borrowell vs Postbank
Borrowell vs Postbank: the differences
| Compare |  Borrowell |  Postbank |
|---|---|---|
| APR | 0%Lower | 3.25% to 14.3% |
| Loan amount | CA$500 to CA$50,000 | €3,000 to €80,000 |
| Term | 48 months | 12 to 120 monthsHigher |
| Credit check | Soft prequal | Hard |
| Funding time | Usually within a matter of days of approval by loan partners | A few days: review normally takes two business days, plus a few days until the money arrives |
| 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 and regular salary, wage or pension payments of sufficient amount; creditworthiness required |
| Loan types | Personal, Debt consolidation, Business, CarCovers more | Personal, Debt consolidation, Car |
| Representative example | Not confirmed | Net loan amount EUR 10,000, effective annual rate 9.67%, nominal rate 9.27% p.a., term 84 months, 85 instalments of EUR 164, total amount EUR 13,724 (Postbank Privatkredit direkt) |
| Rate type | Not confirmed | Fixed |
Same on both: Free early repayment (Yes), Credit needed (Poor), 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.
Key differences
- Postbank scores higher overall: 9.3 vs 8.9.
- APR is lower at Borrowell: 0% vs 3.25% to 14.3%.
- Term is higher at Postbank: 12 to 120 months vs 48 months.
- Support channels: only Postbank offers Phone.
- Loan types: only Borrowell offers Business.
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.
Postbank
Postbank lends directly at 3.25% to 14.3% on amounts of €3,000 to €80,000, with a fixed rate and free early repayment. It suits German adults with regular income who want a known monthly cost and can wait a few days for the money to arrive.
Score breakdown
| Area | Borrowell | Postbank |
|---|---|---|
| Cost | 9.5Higher | 9.4 |
| Offer | 9.0 | 9.3HigherBreadth of the offer: €3,000 to €80,000 across 12 to 120, fixed rate with early repayment free. |
| Trust | 8.3 | 9.2Higher |
Pick Borrowell if, pick Postbank if
Pick Borrowell if apr and loan types matter most.
Pick Postbank if offer, trust, and term matter most.
Where each is licensed and available
| Country | Borrowell | Postbank |
|---|---|---|
| Germany | Not confirmed |
Additional countries for Borrowell: 1. Additional countries for Postbank: 1.
A third option
FINANZCHECK.de has apr at -0.4% to 19.9%, against 0% for Borrowell and 3.25% to 14.3% for Postbank.
FINANZCHECK.de reviewHow they place
| Ranking | Borrowell | Postbank |
|---|---|---|
| Personal loans | 109 of 1932 | 85 of 1932 |
| Loans for bad credit | 59 of 275 | 48 of 275 |
| Debt consolidation loans | 44 of 425 | 31 of 425 |
| Mortgages | 15 of 719 | 10 of 719 |
| Remortgage deals | 13 of 351 | 9 of 351 |
| Car loans | 28 of 431 | 21 of 431 |
| Home improvement loans | 52 of 562 | 37 of 562 |
Every fact side by side
| Fact | Borrowell | Postbank |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Legal entity | Borrowell Inc. | Postbank, a branch of Deutsche Bank AG |
| Headquarters | Canada | Germany |
| Founded | 2014 | Not confirmed |
| Support channels | Email, Help centre | Email, Phone, Help centreCovers more |
Mortgages
| Fact | Borrowell | Postbank |
|---|---|---|
| Product fee | Not confirmed | €0 |
| Purpose | Purchase, Remortgage, First time buyerCovers more | Purchase, Remortgage |
Where each stands against the rest
| Fact | Borrowell | Postbank | Median |
|---|---|---|---|
| APR | 0%lowest quarter | 3.25% to 14.3%lowest quarter | 8.99% |
| Term | 48 monthsbelow the median | 12 to 120 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.
Postbank
Pros
- APR of 3.25% to 14.3% compares favourably with the 12.25% median for personal loans on this site.
- Fixed rate for the whole term (fixed), so the monthly outlay does not drift upward.
- Free early repayment, so a windfall can clear the balance without a charge.
Cons
- The rate runs to the top of the 3.25% to 14.3% range for thinner files, and the check is hard.
- Because direct lender lending puts the decision with the bank, funding takes a few days rather than landing at once.
- Borrowing runs through DE, so it is aimed at people with German income rather than applicants abroad.
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.
Postbank
Who it suits
- Adults past a minimum age with a regular salary, wage or pension payment, which is what eligibility asks for.
- Borrowers who want the rate fixed to the end of the term, since fixed rate applies.
- People who expect to overpay and finish sooner, since early repayment is free.
Who should look elsewhere
- Anyone chasing interest free borrowing, since Cashspace ES quotes 0%.
- Readers who want to draw and repay repeatedly rather than take one fixed instalment loan, who should weigh Monzo Flex at 10% to 23%.
- Borrowers who want a second opinion on price, since Cashspace publishes PHP 12 to PHP 36 to set beside 3.25% to 14.3%.
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
Postbank
Current offer
Bonus
Tagesgeld new deposits action: 3.2% p.a. interest for 6 months
New deposits only, total Postbank savings balance must increase
Source, checked September 26, 2026
Bonus
Wertpapierdepot online opening credit: EUR 25 credit
Open a securities account online by 30 September 2026
Source, checked September 26, 2026
Country by country
| Country | Borrowell | Postbank |
|---|---|---|
| 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.
Postbank
What rate would I pay on a Postbank loan?+
Postbank quotes an APR of 3.25% to 14.3% on its direct private loan, which sits against a median of 12.25% for personal loans on this site. The rate is fixed (fixed) for the whole term, so the instalment you sign up for is the one you keep paying.
How much can I borrow and how long can I take to repay it?+
Borrowing runs from €3,000 to €80,000 with terms of 12 to 120, so a larger sum means a longer commitment. It is a direct lender arrangement (direct lender), which means your application sits with the bank rather than with a broker who passes details around.