When applying for credit cards or loans, you may encounter the terms "pre-selected" and/or "pre-qualified." These terms mean that you have a higher chance of being approved based on the partner’s criteria that they have provided to us, your credit report as well as Borrowell account profile information. Note, however, this is not a 100% guarantee as the partner will conduct their own assessment which may take into account other factors in addition to your credit score when evaluating applications.
Please note that whenever you apply for new credit, the lender is likely to perform a hard credit check on your file to determine if they are able to approve you for the product you are applying for. This credit check can impact your credit score - irrespective of the outcome of your application.