Updated September 29, 2026 · BorrowCue Editorial Team
Cashspace vs Lendela
Where Cashspace and Lendela differ
| Compare |  Cashspace |  Lendela |
|---|---|---|
| APR | ₱12 to ₱36 | up to 48% |
| Loan amount | ₱500 to ₱25,000 | SGD 1,000 to SGD 200,000 |
| Term | 2 to 4 months | 3 to 72 monthsHigher |
| Arrangement fee | 0 | SGD 0 |
| Credit check | Hard | None |
| Funding time | Funds within 5 minutes; most approved applicants receive the money the same day | Around 1-2 days from application to disbursement; some within hours |
| Representative example | Loan of PHP 10,000 repaid in 3 months, total payment PHP 11,000 | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 |
| Lender type | Broker | Marketplace |
| Eligibility | Applicants in the Philippines, valid ID required | 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, Payday, Credit line | Personal, Debt consolidation, Business, Secured, Student |
| Credit needed | Poor | Fair |
| Use cases | Not confirmed | Home improvement |
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Key differences
- Cashspace scores higher overall: 8.9 vs 8.5.
- Lendela is available in 1 more country.
- Term is higher at Lendela: 3 to 72 months vs 2 to 4 months.
- Support channels: only Cashspace offers Community.
- Support channels: only Lendela offers Phone.
- Loan types: only Cashspace offers Payday, Credit line.
- Loan types: only Lendela offers Debt consolidation, Business, Secured.
Our verdict on each
Cashspace
Cashspace suits Philippine borrowers with poor credit who need a small sum quickly and can clear it fast.
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 | Cashspace | Lendela |
|---|---|---|
| Cost | 9.8Origination fee of 0 and an APR of PHP 12 to PHP 36 sit against a site median of 12%. | Not confirmed |
| Offer | 8.5 | 8.9HigherFees are SGD 0 to arrange a personal loan and SGD 0 on the mortgage side. |
| Trust | 8.3Higher | 8.2 |
From lowest to highest
| Fact | Cashspace | Lendela |
|---|---|---|
| Term | 2 to 4 months | 3 to 72 months |
How they place
| Ranking | Cashspace | Lendela |
|---|---|---|
| Personal loans | 33 of 1932 | 74 of 1932 |
| Loans for bad credit | 20 of 275 | 42 of 275 |
| Lines of credit | 7 of 328 | 10 of 328 |
Every fact side by side
| Fact | Cashspace | Lendela |
|---|---|---|
| Features | Same day funding, Credit line | Same day funding, Credit line |
| Legal entity | Fininity OU | Lendela Pte. Ltd. |
| Headquarters | Estonia | Singapore |
| Founded | Not confirmed | 2018 |
| Support channels | Email, Help centre, Community | Email, Phone, Help centre |
Mortgages
| Fact | Cashspace | 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 | Cashspace | Lendela | Median |
|---|---|---|---|
| Term | 2 to 4 monthslowest quarter | 3 to 72 monthsabove the median | 60 |
Median across 1005 listed lenders.
Pros and cons
Cashspace
Pros
- No origination fee, listed at 0 on personal, payday and credit line products.
- Money moves fast: funds within a few minutes and most approved applicants are paid the same day.
- APR of PHP 12 to PHP 36 starts below the personal loan site median of 12%.
Cons
- Term of 2 to 4 is short, so a missed payment can land quickly on a small balance.
- The credit check is hard, so an application puts a full search on the record.
- Support runs on email, help centre and community only, with no phone line or live chat listed.
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
Cashspace
Who it suits
- Philippine residents with a valid ID who hold a thin or damaged credit file
- Borrowers who can settle a small balance within the short 2 to 4 window
- Anyone who needs a same-day payment and accepts a hard credit check
Who should look elsewhere
- People who need a long repayment term, since 2 to 4 caps the loan short
- Anyone wanting phone support, given email, help centre and community lists none
- Borrowers who would rather deal with a single lender than a broker
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.
Country by country
| Country | Cashspace | Lendela |
|---|---|---|
| Hong Kong | No | Yes |
| Philippines | Yes | No |
| Singapore | No | Yes |
Questions about each
Cashspace
What does Cashspace charge to take out a loan?+
Cashspace lists an origination fee of 0, so there is no separate setup charge on the products it offers. The cost of a loan therefore rests on the rate. The APR runs PHP 12 to PHP 36 across the personal, payday and credit line products, and the published example shows a small loan cleared over a short window for a total repayment only slightly above the sum borrowed.
How much can I borrow and how long do I have to repay?+
Borrowing runs PHP 500 to PHP 25,000, which is a small-loan range, and the term of 2 to 4 is short. That pairing suits an unexpected bill or a gap between paydays. It is not built for a large planned purchase, and the short term means a missed payment can arrive sooner than expected.
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.
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