Updated September 28, 2026 · BorrowCue Editorial Team
Lendela vs LendKey
Where Lendela and LendKey differ
| Compare |  Lendela |  LendKey |
|---|---|---|
| APR | up to 48% | 2.09% to 15.54% |
| Loan amount | SGD 1,000 to SGD 200,000 | from $1,000 |
| Term | 3 to 72 months | 60 to 180 monthsHigher |
| Arrangement fee | SGD 0 | 0 USD |
| Credit check | None | Hard |
| Funding time | Around 1-2 days from application to disbursement; some within hours | Funds sent directly to the school after certification, generally under 30 days |
| 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 | Enrolled at least half-time in a degree-granting program at an eligible school; U.S. citizen or permanent resident; at least the age of majority; credit-based so a cosigner may be needed |
| Loan types | Personal, Debt consolidation, Business, Secured, StudentCovers more | Student, Debt consolidation |
| Representative example | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 | Not confirmed |
| Rate type | Not confirmed | Fixed |
| Free early repayment | Not confirmed | Yes |
| Origination fee (%) | Not confirmed | 0% |
Same on both: Lender type (Marketplace), Credit needed (Fair), Use cases (Home improvement).
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Key differences
- LendKey scores higher overall: 9.0 vs 8.5.
- Founded is lower at LendKey: 2009 vs 2018.
- Lendela is available in 1 more country.
- Term is higher at LendKey: 60 to 180 months vs 3 to 72 months.
- Loan types: only Lendela offers Personal, Business, Secured.
Our verdict on each
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.
LendKey
LendKey is a US private student loan marketplace for students and families covering a gap in study costs, and it suits borrowers whose own credit can carry a fixed rate. Offers are priced at 2.09% to 15.54% with terms of 60 to 180 months, and rates stay fixed for the life of the loan.
Score breakdown
| Area | Lendela | LendKey |
|---|---|---|
| Cost | Not confirmed | 9.5Rates of 2.09% to 15.54% on fixed rate lending, with an origination fee of 0 USD and a percentage charge of 0%. |
| Offer | 8.9Fees are SGD 0 to arrange a personal loan and SGD 0 on the mortgage side. | 9.4Higher |
| Trust | 8.2 | 8.4Higher |
Where each is licensed and available
| Country | Lendela | LendKey |
|---|---|---|
| United States | Not confirmed |
Additional countries for Lendela: 2. Additional countries for LendKey: 1.
Ranges side by side
| Fact | Lendela | LendKey |
|---|---|---|
| APR | up to 48% | 2.09% to 15.54% |
| Term | 3 to 72 months | 60 to 180 months |
If neither fits
Sofkredit has term at 6 to 240 months, against 3 to 72 months for Lendela and 60 to 180 months for LendKey.
Sofkredit reviewWhere these facts come from
Lendela
- sg.lendela.com: 16 facts, checked September 26, 2026
- hk.lendela.com: 1 fact, checked September 26, 2026
LendKey
- lendkey.com: 19 facts, checked September 26, 2026
How they place
| Ranking | Lendela | LendKey |
|---|---|---|
| Loans for bad credit | 42 of 275 | 54 of 275 |
| Debt consolidation loans | 26 of 425 | 39 of 425 |
| Private student loans | 6 of 167 | 9 of 167 |
| Home improvement loans | 31 of 562 | 48 of 562 |
Every fact side by side
| Fact | Lendela | LendKey |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding, Credit line | Not confirmed |
| Legal entity | Lendela Pte. Ltd. | LendKey Technologies, Inc. |
| Headquarters | Singapore | United States |
| Founded | 2018 | 2009Lower |
| Support channels | Email, Phone, Help centre | Phone, Email, Help centre |
Mortgages
| Fact | Lendela | LendKey |
|---|---|---|
| Initial rate | 2.4% | Not confirmed |
| Product fee | SGD 0 | Not confirmed |
| Purpose | Purchase, Remortgage | Not confirmed |
Where each stands against the rest
| Fact | Lendela | LendKey | Median |
|---|---|---|---|
| APR | up to 48%highest quarter | 2.09% to 15.54%lowest quarter | 8.99 |
| Term | 3 to 72 monthsabove the median | 60 to 180 monthshighest quarter | 60 |
| Origination fee (%) | Not confirmed | 0%below the median | 0.25% |
Median across 1005 listed lenders.
Pros and cons
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.
LendKey
Pros
- A marketplace model puts partner lenders in competition for a single application.
- Both origination charges are 0 USD and 0%, so nothing is added upfront.
- Early repayment is free, so the balance can be cleared sooner than the term allows.
Cons
- A hard credit search runs at application, and a decline can leave a mark on the file.
- The minimum loan is from $1,000 and the term runs 60 to 180 months, so smaller needs still mean a long repayment stretch.
- Pricing is fixed rate only, so there is no variable-rate option for a cheaper start.
Who each suits
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.
LendKey
Who it suits
- Students at eligible schools who can support a fixed rate with their own credit or a cosigner's.
- Parents and relatives acting as a cosigner when a student's own file is thin.
- Borrowers folding student debt into one balance, since student and debt consolidation covers consolidation.
Who should look elsewhere
- Not for euro borrowers: Creduma ES sets a floor of from €12,000, a separate currency and market.
- Not for Spanish borrowers: Sofkredit prices at 10.74% to 18.06% and lends outside the US system.
Current offers
LendKey
Current offer
Discount code
0.25% autopay interest rate reduction on private student loans: 0.25% APR reduction
Enrol in automatic monthly payments from a checking or savings account with the lender; the reduction is removed and the rate raised by 0.25% on cancellation or failed collection
Source, checked September 26, 2026
Country by country
| Country | Lendela | LendKey |
|---|---|---|
| Hong Kong | Yes | No |
| Singapore | Yes | No |
| United States | No | Yes |
Questions about each
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.
LendKey
What rate will I pay on a LendKey private student loan?+
Prices depend on your own credit, though published offers run at 2.09% to 15.54%. The rate type is fixed, so once a partner lender takes your application the figure holds across the term of 60 to 180 months rather than resetting as market rates move.
What fees are charged for taking out the loan?+
The origination fee is 0 USD and the percentage origination charge is 0%, so arranging the loan adds little. The cost to plan around is the interest on the balance you keep, which runs across a term of 60 to 180 months.
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