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Lendela Hong Kong Review

Streamline your loan application and compare multiple offers on a single platform.

Lendela is a consolidated online loan broker that connects prospective borrowers to 20+ lenders in Hong Kong. With its free comparison service, you can get multiple personalised loan offers with a single application.

Find out how you can get the best personal loan from Lendela in this review.

Quick verdict

Pros

  • Low minimum income requirement
  • Borrow from as little as HK$1,000 or up to HK$1,000,000
  • Fast cash disbursement (typically 1 day)
  • No TU check before offer confirmation
  • ‘No-show’ loans available

Cons

  • Not suitable for those who require loan tenures longer than 72 months

What is Lendela?

Lendela is an online loan broker that helps prospective borrowers find the best personal loan offers from banks and financial institutions in Hong Kong.

Through Lendela, borrowers can compare multiple personalised loan offers based on their credit rating instead of going through the tedious process of sending multiple applications to different lenders.

In addition, Lendela also offers flexible financing amounts and a low minimum income requirement — which is a great option for those who are unable to qualify for a personal loan with their own bank.

Key features of Lendela

  • Free-to-use. Lendela’s service is completely free-to-use, with no hidden fees or charges.
  • Wide range of partners. Lendela has more than 20 lending partners on board, including banks and financial institutions such as HSBC, WeLend, Promise and PrimeCredit.
  • Personalised interest rates. Receive multiple, personalised loan offers from various providers with a single application.
  • Fast cash disbursement. While this depends on each loan provider’s internal process, it’ll normally take less than a day for the amount to be disbursed into your bank account once your application has been approved and accepted.
  • ‘No-show’ disbursement. A handful of Lendela’s lending partners also offer online loan disbursements so that you don’t need to visit the lender’s office.
  • Flexible terms. Choose from loan terms between 3 to 72 months.
  • Simple application process. Filling out Lendela’s online application only takes a couple of minutes. Once you’re done, its lending partners will deliver personalised offers, often within minutes.

    How much will the loan cost me?

    Applying for a personal loan through Lendela is free. However, keep in mind that some banks or financial institutions may charge a range of fees so make sure to check and understand the loan contract carefully before you proceed.

    Typical fees and charges to expect from personal loans:

    • Processing fees
    • Annual fee
    • Late payment fee
    • Early redemption fee

    How to apply for a personal loan through Lendela?

    To apply for a personal loan comparison through Lendala, simply click on the ‘Go to site’ button. Before applying, make sure that you meet all the eligibility criteria and have the required documents on hand.

    Next, fill in the four-step application form that’d require you to input your contact information, loan preferences and annual income.

    Eligibility requirements

    You’ll need to meet the following minimum requirements to apply for a loan through Lendela:

    • Living in Hong Kong (except domestic helpers)
    • 18 years and above
    • Earn a monthly income of at least HK$8,000

    Required documents

    You’ll typically be required to provide the following documents:

    • Proof of ID. You’ll need to show both the front and the back of your HKID.
    • Proof of income. You must show proof of your income, for example:
      • Latest payslip
      • Company letter
      • Employment contract
      • WhatsApp record
      • Name card
      • Green card
    • Other supporting documents. Last notice assessment and demand for tax.
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