Updated September 30, 2026 · BorrowCue Editorial Team
Lendela vs Multitude Bank p.l.c
Lendela vs Multitude Bank p.l.c: the differences
| Compare |  Lendela |  Multitude Bank p.l.c |
|---|---|---|
| APR | up to 48% | 24.99% |
| Term | 3 to 72 months | 9 to 199 monthsHigher |
| Arrangement fee | SGD 0 | 0 DKK |
| Funding time | Around 1-2 days from application to disbursement; some within hours | within minutes, 24/7 |
| Representative example | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 | Credit amount DKK 10,000 / 12 months: APR 24.99%, monthly payment DKK 934.96, total credit cost DKK 1,219.47 |
| Lender type | Marketplace | Direct lender |
| 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 | Age 22+, Danish CPR number and registered address |
| Loan types | Personal, Debt consolidation, Business, Secured, Student | Personal, Credit line |
| Loan amount | SGD 1,000 to SGD 200,000 | Not confirmed |
| Credit check | None | Not confirmed |
| Rate type | Not confirmed | Fixed |
| Free early repayment | Not confirmed | Yes |
| Origination fee (%) | Not confirmed | 0% |
| Credit needed | Fair | Not confirmed |
| Use cases | Home improvement | Not confirmed |
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Key differences
- Multitude Bank p.l.c scores higher overall: 8.9 vs 8.5.
- Founded is lower at Multitude Bank p.l.c: 2005 vs 2018.
- Lendela is available in 1 more country.
- Term is higher at Multitude Bank p.l.c: 9 to 199 months vs 3 to 72 months.
- Support channels: only Lendela offers Email, Phone.
- Loan types: only Lendela offers Debt consolidation, Business, Secured.
- Loan types: only Multitude Bank p.l.c offers Credit line.
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.
Multitude Bank p.l.c
Multitude Bank p.l.c suits borrowers in Denmark seeking flexible credit line borrowing with rapid access to funds around the clock and clear fixed pricing for planning repayments with confidence over time. Pricing sits at APR of 24.99% with repayment terms of 9 to 199 months for extended schedules.
Score breakdown
| Area | Lendela | Multitude Bank p.l.c |
|---|---|---|
| Cost | Not confirmed | 9.1Cost reflects APR at 24.99% with 0% charge level. |
| Offer | 8.9HigherFees are SGD 0 to arrange a personal loan and SGD 0 on the mortgage side. | 8.1Offer reflects personal and credit line with same day funding and credit line flexibility. |
| Trust | 8.2 | 9.3HigherTrust reflects direct lender status and 2005 history. |
Ranges side by side
| Fact | Lendela | Multitude Bank p.l.c |
|---|---|---|
| Term | 3 to 72 months | 9 to 199 months |
Also worth a look
Sofkredit has term at 6 to 240 months, against 3 to 72 months for Lendela and 9 to 199 months for Multitude Bank p.l.c.
Sofkredit reviewHow they place
| Ranking | Lendela | Multitude Bank p.l.c |
|---|---|---|
| Personal loans | 74 of 1932 | 29 of 1932 |
| Lines of credit | 10 of 328 | 4 of 328 |
Every fact side by side
| Fact | Lendela | Multitude Bank p.l.c |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding, Credit line | Same day funding, Credit line |
| Legal entity | Lendela Pte. Ltd. | Multitude Bank p.l.c. |
| Headquarters | Singapore | Malta |
| Founded | 2018 | 2005Lower |
| Support channels | Email, Phone, Help centreCovers more | Help centre |
Mortgages
| Fact | Lendela | Multitude Bank p.l.c |
|---|---|---|
| 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 | Multitude Bank p.l.c | Median |
|---|---|---|---|
| APR | up to 48%highest quarter | 24.99%highest quarter | 8.99 |
| Loan amount | SGD 1,000 to SGD 200,000highest quarter | Not confirmed | SGD 100,000 |
| Term | 3 to 72 monthsabove the median | 9 to 199 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.
Multitude Bank p.l.c
Pros
- Funding arrives within minutes, 24/7 with same day funding and credit line access for borrowers managing urgent spending needs.
- Origination fee of 0 DKK with level at 0% keeps upfront charges contained for personal and credit line.
- Free early repayment allows clearing balances ahead of schedule without extra charge across 9 to 199 months.
Cons
- Support runs on help centre only, which may suit borrowers comfortable with self service help around within minutes, 24/7.
- Pricing at 24.99% exceeds 23% from Mi Prestamo, which matters for rate sensitive borrowing over 9 to 199 months.
- Fixed pricing through fixed and fixed rate leaves limited choice for borrowers seeking variable terms over 9 to 199 months.
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.
Multitude Bank p.l.c
Who it suits
- Residents who value rapid credit line access and accept support on help centre may prefer this brand over AXI Card Tarjeta y Credito for direct bank servicing.
- Borrowers planning extended repayment across 9 to 199 months with fixed pricing at 24.99% may prefer this brand over Ibancar Prestamos for schedule flexibility.
- Danish applicants meeting Age 22+, Danish CPR number and registered address who want personal and credit line from direct lender may prefer this brand over Mi Prestamo for account structure.
Who should look elsewhere
- Borrowers seeking phone based service rather than support on help centre may prefer Mi Prestamo for a different contact approach.
- Borrowers prioritising lower headline APR than 24.99% may prefer Ibancar Prestamos because its listed APR at 12.74% to 13.01% sits below this brand.
Country by country
| Country | Lendela | Multitude Bank p.l.c |
|---|---|---|
| Denmark | No | Yes |
| Hong Kong | Yes | No |
| Singapore | Yes | No |
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.
Multitude Bank p.l.c
What does borrowing cost?+
Fixed rate pricing applies at APR of 24.99% under fixed terms through fixed rate. The published representative example outlines monthly payment and total credit cost for planning. Fixed pricing helps borrowers anticipate repayment amounts across 9 to 199 months.
How fast is funding?+
Funding is described as within minutes, 24/7 with availability noted in same day funding and credit line. Credit line access allows repeated withdrawals within the agreed limit subject to checks. Timing can vary with verification and bank processing while direct lender manages disbursement.
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