Lendela

Lendela Singapore Quick Overview

About Lendela Singapore
Lendela is a loan matching platform that matches borrowers with personalised loan offers from multiple banks and loan providers, bringing the most competitive rates to you while saving you thousands of dollars on borrowing costs.

How Lendela Works

1. Apply securely with Singpass
Only necessary information from your application will be used by our partners to generate personalized offers for you. We do not share your contact details until you have chosen an offer.

2. Compare tailored loan offers
You will see the details of all loan offers - personalized and unique to you. Compare and choose the loan that meets your needs! Rates are real; no markup, no ads, no hidden costs. Everything 100% transparent.

3. Get your money
After final checks and contract signing at our partner's office, you will receive your loan.

Lendela Requirements
Eligibility criteria varies from bank to bank. Do note that Lendela is not a lender and has no control over a borrower's eligibility. Below are some common eligibility criteria set by most banks and licensed providers.

Age: Typically, you must be at least 21 years old. Some providers may have a maximum age limit, often around 65 to 70 years.

Income: Minimum income requirements vary by provider but generally range from $20,000 to $30,000 annually for Singapore citizens and PRs. For foreigners, the minimum income requirement is often higher, usually around $40,000 to $60,000 annually.

Employment: Stable employment is a key criterion of banks and loan providers. Most prefer borrowers who have been employed for at least three months. Self-employed individuals may need to provide additional documentation, such as tax returns.

Credit Score: While Lendela does not perform credit checks, a good credit score increases your chances of approval and getting favourable interest rates. Credit scores in Singapore range from 1000 to 2000, with higher scores indicating better creditworthiness.

Lendela Singapore Opportunities Overview

Why Choose Lendela Singapore

✔ We match you with personalised loan offers without hurting your credit score or sharing your personal information. We’ve saved Singaporeans tens of millions of dollars on borrowing costs.

✔ Stop searching for loan offers and let them come to you. Our reverse auction model means banks compete to offer you the best rate while you kick back and wait for the offers to come.

✔ We offer every borrower dedicated support from start to finish. We've helped over 200,000 Singaporeans make informed decisions and get the funds they need in as little as 20 minutes.

✔ Our end-to-end support is developed with a deep understanding of our customers, ensuring borrowers feel fairly treated and empowered to make informed decisions when they need a loan. This focus on customers has made us trusted advisors and an invaluable solution in Singaporeans’ loan journeys, resulting in high customer satisfaction levels evidenced by stellar reviews.

Match with personalised loan offers from over 50 banks and licensed providers in minutes, and find your ideal personal loan in Singapore with Lendela today!