Updated October 14, 2026 · BorrowCue Editorial Team
Lendela vs Multitude
What sets them apart
| Compare |  Lendela |  Multitude |
|---|---|---|
| APR | up to 48% | 30.31% to 57.26% |
| Loan amount | SGD 1,000 to SGD 200,000 | SEK 10,000 to SEK 50,000 |
| Term | 3 to 72 monthsHigher | 12 months |
| Arrangement fee | SGD 0 | 565 SEK |
| Credit check | None | Hard |
| Funding time | Around 1-2 days from application to disbursement; some within hours | Within one bank day of approval |
| Representative example | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 | Ferratum Credit: 23 000 SEK over 12 monthly instalments, effective rate 37.68%, total to repay 27 013,83 SEK, setup fee 565 SEK and account fee 59 SEK per month |
| 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 | Swedish personal identity number and a Swedish bank account, with income and expenses declared in the online application |
| Loan types | Personal, Debt consolidation, Business, Secured, Student | Credit line, Personal |
| Rate type | Not confirmed | Variable |
| Credit needed | Fair | Not confirmed |
Same on both: Use cases (Home improvement).
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Key differences
- Multitude scores higher overall: 8.8 vs 8.5.
- Founded is lower at Multitude: 2005 vs 2018.
- Multitude is available in 11 more countries.
- Term is higher at Lendela: 3 to 72 months vs 12 months.
- Support channels: only Lendela offers Email, Phone.
- Support channels: only Multitude offers Chat.
- Loan types: only Lendela offers Debt consolidation, Business, Secured.
- Loan types: only Multitude 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
Multitude is a listed European fintech group whose homepage describes consumer banking through Ferratum, SME banking through CapitalBox and wholesale banking through Multitude Bank. The parent site is not itself a single retail loan offer. Country and product terms need to be checked with the relevant operating business.
Score breakdown
| Area | Lendela | Multitude |
|---|---|---|
| Cost | Not confirmed | 8.3 |
| Offer | 8.9Fees are SGD 0 to arrange a personal loan and SGD 0 on the mortgage side. | 9.0Higher |
| Trust | 8.2 | 9.1Higher |
What it costs in practice
Borrow a typical amount over a typical term (estimate at the stated APR)
Lendela
up to 2,786.26
up to 2,786.26
Multitude
1,716.76 to 3,365.26
1,716.76 to 3,365.26
The stated ranges do not establish a winner.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Licences and countries
| Country | Lendela | Multitude |
|---|---|---|
| Malta | Not confirmed |
Additional countries for Lendela: 2. Additional countries for Multitude: 13.
Ranges side by side
| Fact | Lendela | Multitude |
|---|---|---|
| APR | up to 48% | 30.31% to 57.26% |
Also worth a look
Sofkredit has term at 6 to 240 months, against 3 to 72 months for Lendela and 12 months for Multitude.
Sofkredit reviewHow they place
| Ranking | Lendela | Multitude |
|---|---|---|
| Personal loans | 74 of 1920 | 30 of 1920 |
| Lines of credit | 10 of 328 | 5 of 328 |
| Home improvement loans | 31 of 562 | 13 of 562 |
Every fact side by side
| Fact | Lendela | Multitude |
|---|---|---|
| Features | Same day funding, Credit line | Credit line, Same day funding |
| Legal entity | Lendela Pte. Ltd. | Multitude Bank p.l.c. |
| Headquarters | Singapore | Malta |
| Founded | 2018 | 2005Lower |
| Support channels | Email, Phone, Help centre | Chat, Help centre |
Mortgages
| Fact | Lendela | Multitude |
|---|---|---|
| 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 | Median |
|---|---|---|---|
| APR | up to 48%highest quarter | 30.31% to 57.26%highest quarter | 8.99 |
| Term | 3 to 72 monthsabove the median | 12 monthslowest quarter | 60 |
Median across 1144 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
Pros
- The site distinguishes three business units and provides separate contact routes.
- The parent company positions itself as a digital financial services group.
Cons
- The captured material does not describe specific consumer credit terms or country level eligibility.
- Licensing and product terms for one subsidiary cannot be inferred from the parent overview.
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
Who it suits
- People trying to identify which Multitude business unit offers a particular service.
Who should look elsewhere
- Borrowers seeking a direct rate or loan comparison from the group homepage.
Country by country
| Country | Lendela | Multitude |
|---|---|---|
| Bulgaria | No | Yes |
| Croatia | No | Yes |
| Czechia | No | Yes |
| Denmark | No | Yes |
| Estonia | No | Yes |
| Finland | No | Yes |
| Germany | No | Yes |
| Hong Kong | Yes | No |
8 of 15 countries where either is available.
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
Which businesses does Multitude list?+
The parent site lists Ferratum for consumer banking, CapitalBox for SME banking and Multitude Bank for wholesale banking.
Does this page give consumer loan rates?+
No. The captured parent pages do not provide product specific rates or repayment terms.
Other options to compare
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