Updated September 28, 2026 · BorrowCue Editorial Team
Arab Islamic Bank vs Lendela
Arab Islamic Bank vs Lendela: the differences
| Compare |  Arab Islamic Bank |  Lendela |
|---|---|---|
| APR | 4.5% to 9% | up to 48% |
| Loan amount | $80,000 | SGD 1,000 to SGD 200,000 |
| Term | 84 monthsHigher | 3 to 72 months |
| Lender type | Direct lender | Marketplace |
| Eligibility | Personal ID, 6-month bank statement, proof of occupation (salary slip or municipal council certificate), salary transfer commitment or suitable guarantee; salary deduction must not exceed 50% | Age 21 or older; Singapore citizen or PR (foreigners also considered, higher income threshold); min annual income SGD 20,000-30,000 citizens/PR |
| Loan types | Personal, Car, Student, Business, Secured | Personal, Debt consolidation, Business, Secured, Student |
| Arrangement fee | Not confirmed | SGD 0 |
| Credit check | Not confirmed | None |
| Funding time | Not confirmed | Around 1-2 days from application to disbursement; some within hours |
| Representative example | Not confirmed | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 |
| Rate type | Fixed | Not confirmed |
| Credit needed | Not confirmed | Fair |
| Use cases | Not confirmed | Home improvement |
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Key differences
- Arab Islamic Bank scores higher overall: 9.4 vs 8.5.
- Founded is lower at Arab Islamic Bank: 1995 vs 2018.
- Lendela is available in 1 more country.
- Term is higher at Arab Islamic Bank: 84 months vs 3 to 72 months.
- Support channels: only Arab Islamic Bank offers Chat.
- Support channels: only Lendela offers Email, Help centre.
- Loan types: only Arab Islamic Bank offers Car.
- Loan types: only Lendela offers Debt consolidation.
Our verdict on each
Arab Islamic Bank
Arab Islamic Bank lends directly, and its fixed rate of 4.5% to 9% sits well below the 12.25% typical of the personal loans compared here. It suits salaried applicants in PS who can show documented income and commit a salary transfer, though the $80,000 ceiling will not stretch to very large borrowing.
Lendela
Lendela suits Singapore borrowers who want a fast loan without a credit check. The marketplace matches amounts of SGD 1,000 to SGD 200,000 over terms of 3 to 72, with an APR of up to 48% set by the lender you are matched to.
Score breakdown
| Area | Arab Islamic Bank | Lendela |
|---|---|---|
| Cost | 9.5 | Not confirmed |
| Offer | 9.4HigherFixed-rate lending at 4.5% to 9% for up to $80,000 over 84, underwritten directly by the bank. | 8.9Fees are SGD 0 to arrange a personal loan and SGD 0 on the mortgage side. |
| Trust | 9.3Higher | 8.2 |
Ranges side by side
| Fact | Arab Islamic Bank | Lendela |
|---|---|---|
| APR | 4.5% to 9% | up to 48% |
Also worth a look
Sofkredit has term at 6 to 240 months, against 84 months for Arab Islamic Bank and 3 to 72 months for Lendela.
Sofkredit reviewHow they place
| Ranking | Arab Islamic Bank | Lendela |
|---|---|---|
| Personal loans | 253 of 1932 | 74 of 1932 |
| Secured loans | 37 of 472 | 12 of 472 |
| Business loans | 40 of 435 | 10 of 435 |
| Private student loans | 14 of 167 | 6 of 167 |
Every fact side by side
| Fact | Arab Islamic Bank | Lendela |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Features | Not confirmed | Same day funding, Credit line |
| Legal entity | Arab Islamic Bank | Lendela Pte. Ltd. |
| Headquarters | Palestine | Singapore |
| Founded | 1995Lower | 2018 |
| Support channels | Phone, Chat | Email, Phone, Help centre |
Mortgages
| Fact | Arab Islamic Bank | Lendela |
|---|---|---|
| Initial rate | Not confirmed | 2.4% |
| Product fee | Not confirmed | SGD 0 |
| Purpose | Not confirmed | Purchase, Remortgage |
Where each stands against the rest
| Fact | Arab Islamic Bank | Lendela | Median |
|---|---|---|---|
| APR | 4.5% to 9%below the median | up to 48%highest quarter | 8.99 |
| Term | 84 monthsabove the median | 3 to 72 monthsabove the median | 60 months |
Median across 1005 listed lenders.
Pros and cons
Arab Islamic Bank
Pros
- Fixed-rate lending at 4.5% to 9%, well under the 12.25% seen across the personal loans compared here.
- A term of 84 runs past the 60 term at the upper end of that comparison, so each instalment stays smaller.
- Direct lending across personal, car and student purposes, with the bank underwriting the application rather than a broker.
Cons
- Support runs on phone and chat only, so there is no other listed route to the bank.
- Only a fixed rate is offered, with no variable option to move to if the fixed period ends.
- Eligibility is strict: proof of occupation, a salary transfer commitment or a suitable guarantee, and a cap on the salary deduction.
Lendela
Pros
- No credit check at all, and a fair credit profile is enough to apply.
- The range covers personal, debt consolidation and business lending under one roof.
- Funding is quick, with disbursement within hours on some applications.
Cons
- A marketplace model (marketplace) means the matched lender sets the rate, so up to 48% is a ceiling.
- That ceiling is steep next to 10% to 23% at Monzo Flex.
- Support runs on email, phone and help centre, with no live chat listed.
Who each suits
Arab Islamic Bank
Who it suits
- Salaried applicants in PS who can commit a salary transfer and show proof of occupation.
- Borrowers who price on rate alone, since 4.5% to 9% sits below the 10% to 23% at Monzo Flex.
- Borrowers who want fixed-rate lending across personal, car and student purposes from the same bank, rather than the PHP 12 to PHP 36 shown at Cashspace.
Who should look elsewhere
- Anyone after interest free borrowing, because the rate here is fixed at 4.5% to 9% rather than the 0% shown at Cashspace ES.
- Applicants who cannot show proof of occupation or commit a salary transfer, since eligibility needs either that or a suitable guarantee, and the cap on the salary deduction narrows who clears the bar.
Lendela
Who it suits
- Singapore citizens and permanent residents with a steady income who need money quickly.
- Borrowers with fair credit, or who would rather avoid a credit check altogether.
- Anyone funding home improvement work, its named use case: home improvement.
Who should look elsewhere
- Not for lowest rate seekers: Monzo Flex runs at 10% to 23%.
- Not for shoppers after a cost free product: Cashspace ES lists 0%.
- Not for borrowers outside Singapore: Cashspace serves the Philippines at PHP 12 to PHP 36.
Current offers
Arab Islamic Bank
Current offer
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Source, checked September 26, 2026
Country by country
| Country | Arab Islamic Bank | Lendela |
|---|---|---|
| Hong Kong | No | Yes |
| Palestine | Yes | No |
| Singapore | No | Yes |
Questions about each
Arab Islamic Bank
What rate do I pay on a loan from Arab Islamic Bank?+
Arab Islamic Bank lends at 4.5% to 9%, and that rate is fixed, so the figure holds for the life of the loan. Personal loans compared here run around 12.25% at the median, which puts this lender on the cheaper side. Ask for the rate that applies to your own application, since the offer depends on your profile.
How much can I borrow?+
Borrowing runs to $80,000 on the personal loan, well above the €556.48 typical of the personal loans compared here, and it ranks 42 on amount. The bank also covers personal, car and student lending, so other purposes sit in the same place. Repayment can stretch to 84.
Lendela
What APR does Lendela charge?+
The published APR runs to up to 48% on personal loans, and that figure is a ceiling rather than a rate every borrower pays. Because Lendela is a marketplace, the rate depends on the matched lender and on your own credit standing.
Are there fees to arrange a loan?+
The origination fee on personal loans is SGD 0, and the product fee on the mortgage side is SGD 0, so arranging a facility itself costs little. Interest remains the main price of the money, and the representative example shows how instalments add up.
Other options to compare
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