Lendela review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

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.

Key facts

Best for
Fee free personal loans in Singapore that can move fast.
APR
up to 48% (Source, checked September 26, 2026)
Loan amount
SGD 1,000 to SGD 200,000 (Source, checked September 26, 2026)
Term
3 to 72 months (Source, checked September 26, 2026)
Arrangement fee
SGD 0 (Source, checked September 26, 2026)
Credit check
None (Source, checked September 26, 2026)
Funding time
Around 1-2 days from application to disbursement; some within hours (Source, checked September 26, 2026)
Representative example
Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 (Source, checked September 26, 2026)
Lender type
Marketplace (Source, checked September 26, 2026)
Eligibility
Age 21 or older; Singapore citizen or PR (foreigners also considered, higher income threshold); min annual income SGD 20,000-30,000 citizens/PR (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation, Business, Secured, Student (Source, checked September 26, 2026)
Credit needed
Fair (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Lendela Pte. Ltd. (Source, checked September 26, 2026)
Headquarters
Singapore (Source, checked September 26, 2026)
Founded
2018 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Features
Same-day funding, Credit line
Official website
lendela.com

Mortgages

Initial rate
2.4% (Source, checked September 26, 2026)
Product fee
SGD 0 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage (Source, checked September 26, 2026)
Lender type
Marketplace (Source, checked September 26, 2026)
Legal entity
Lendela Pte. Ltd. (Source, checked September 26, 2026)
Headquarters
Singapore (Source, checked September 26, 2026)
Founded
2018 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
LinkedIn

Pros and cons

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.
Lendela

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Scored 8.5 / 10 by BorrowCue.

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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.

Safety and regulation

Lendela is a marketplace, so the contract sits with the lender you are matched to rather than with the site itself. The representative example sets out a personal loan at a stated APR, drawn over a multi year term and repaid in equal monthly instalments, which gives borrowers a way to check the monthly cost against the headline rate before they commit.

Who runs it

The company behind the site is Lendela Pte. Ltd., headquartered in Singapore and founded in 2018. Support runs on email, phone and help centre, so phone and email are the listed routes for borrowers, and a help centre answers self service questions without an application.

How Lendela compares

Where Lendela is available

Available
Hong Kong, Singapore

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

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.

Does Lendela run a credit check?+

No credit check is required, and the credit standing expected is fair. Applicants must be adults and Singapore citizens or permanent residents, with foreign applicants considered against a higher income threshold. A minimum annual income applies to citizens and permanent residents.

How much can I borrow and over what term?+

The amount range is SGD 1,000 to SGD 200,000 and terms run 3 to 72. The range covers personal, debt consolidation and business lending, so the same facility handles personal, consolidation or business borrowing. Home improvement is the named use case.

How fast is the money?+

Funding is quick from application to disbursement, and some applications are paid out within hours. The feature list, same day funding and credit line, covers same day funding and a credit line, which suits urgent repairs or bills.

Is Lendela a bank?+

Lendela is a marketplace, not a bank. It matches borrowers with lenders, and the contract is with whichever lender you are matched to. The legal entity behind the site is Lendela Pte. Ltd., headquartered in Singapore and founded in 2018.

Does Lendela do mortgages as well as loans?+

The mortgage side covers purchase and remortgage, with an initial rate of 2.4% and a product fee of SGD 0. The same legal entity, Lendela Pte. Ltd., runs both sides, which saves a separate search for anyone remortgaging rather than borrowing fresh.

How do I get help?+

Support runs on email, phone and help centre. Phone and email are the listed routes, and a help centre covers questions answerable without an application. Live chat does not appear in that list, so borrowers who cannot phone should allow time for an email reply.

Sources

  • hk.lendela.com/en/personal-loan checked September 26, 2026

    Backs: Features

    “Choose the option that fits your repayment and get funded as fast as one day ... personal borrowing options include unsecured personal loans, tax loans, credit lines”

  • sg.lendela.com checked September 26, 2026

    Backs: Credit check, Credit needed, Eligibility, Founded, Headquarters, Legal entity, Lender type, Loan types, Support channels

    “Lendela does not perform credit checks”

  • sg.lendela.com/compare-personal-loans checked September 26, 2026

    Backs: Loan amount, APR, Arrangement fee, Representative example, Term

    “I want to borrow $1,000 $200,000”

  • sg.lendela.com/mortgage checked September 26, 2026

    Backs: Initial rate, Product fee, Purpose

    “New Purchase (Completed) - Fixed rate from 2.40%; Refinancing - Fixed rate from 2.40%”

  • sg.lendela.com/personal-loan checked September 26, 2026

    Backs: Funding time, Use cases

    “the typical timeline from application to disbursement is around 1-2 days even though some applicants receive their money within hours”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Lendela

Lendela

Fee free personal loans in Singapore that can move fast.

8.5/10Visit

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