- Low minimum income requirement
- Borrow from as little as $1,000 or up to $200,000
- Fast cash disbursement (typically 1 day)
- Not suitable for those who require loan tenures longer than 72 months
Lendela is a consolidated online loan broker that connects prospective borrowers to 30+ banks and financial institutions in Singapore. 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.
Interest Rate From
Maximum Loan Amount
Up to 6 years
Lendela is an online loan broker that helps prospective borrowers find the best personal loan offers from banks and financial institutions in Singapore.
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.
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:
To apply for a personal loan through Lendala, simply head over to its website and click on the ‘Apply now’ button. Before applying, make sure that you meet all the eligibility criteria and have the required documents on hand.
For Singpass holders, you may choose to speed up your application by selecting the ‘Apply with Singpass’ option. This will allow Lendela to retrieve your personal and income details automatically. Alternatively, you may opt to fill in the three-step application form that’d require you to input your contact information, loan preferences and annual income.
You’ll need to meet the following minimum requirements to apply for a loan through Lendela:
You’ll typically be required to provide the following documents:
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