Updated September 28, 2026 · BorrowCue Editorial Team
Lendela vs Plazo ES
Lendela vs Plazo ES: the differences
| Compare |  Lendela |  Plazo ES |
|---|---|---|
| APR | up to 48% | 24.19% |
| Loan amount | SGD 1,000 to SGD 200,000 | €500 to €5,000 |
| Term | 3 to 72 monthsHigher | 48 months |
| Arrangement fee | SGD 0 | 0 EUR |
| Credit check | None | Hard |
| Funding time | Around 1-2 days from application to disbursement; some within hours | Money available about 10 minutes after sign-up; approval answer arrives in minutes |
| Representative example | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 | Línea de crédito revolving 1.500 EUR, TIN fijo 21,86%, TAE 24,19%, 48 monthly instalments of 47,15 EUR, total due 2.263,20 EUR |
| 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 | Over 18, DNI/NIE or European passport, resident in Spain, demonstrable income, good credit history |
| Loan types | Personal, Debt consolidation, Business, Secured, Student | Personal, Credit line |
| Credit needed | Fair | Good |
| Rate type | Not confirmed | Fixed |
| Free early repayment | Not confirmed | No |
| Origination fee (%) | Not confirmed | 0% |
Same on both: Use cases (Home improvement).
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Key differences
- Plazo ES scores higher overall: 8.9 vs 8.5.
- Founded is lower at Lendela: 2018 vs 2021.
- Lendela is available in 1 more country.
- Term is higher at Lendela: 3 to 72 months vs 48 months.
- Support channels: only Plazo ES offers Chat.
- Loan types: only Lendela offers Debt consolidation, Business, Secured.
- Loan types: only Plazo ES 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.
Plazo ES
Plazo ES suits Spanish residents with a good credit history who want a small personal loan or a revolving credit line funded within minutes. Its 24.19% annual cost is high next to cheaper lenders, so the total repaid over 48 instalments is the figure to weigh.
Score breakdown
| Area | Lendela | Plazo ES |
|---|---|---|
| Cost | Not confirmed | 8.724.19% annual cost sits well above cheaper lenders, and free early repayment is not offered. |
| Offer | 8.9Fees are SGD 0 to arrange a personal loan and SGD 0 on the mortgage side. | 9.5HigherA personal loan and a credit line under personal and credit line, with funding within minutes of sign-up. |
| Trust | 8.2 | 8.7Higher |
Which one suits you
Pick Lendela if term matter most.
Pick Plazo ES if offer and trust matter most.
How they place
| Ranking | Lendela | Plazo ES |
|---|---|---|
| Personal loans | 74 of 1932 | 20 of 1932 |
| Lines of credit | 10 of 328 | 1 of 328 |
| Home improvement loans | 31 of 562 | 10 of 562 |
Also worth a look
Sofkredit has term at 6 to 240 months, against 3 to 72 months for Lendela and 48 months for Plazo ES.
Sofkredit reviewEvery fact side by side
| Fact | Lendela | Plazo ES |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding, Credit line | Credit line, Same day funding |
| Legal entity | Lendela Pte. Ltd. | IDFinance Plazo, S.L.U. |
| Headquarters | Singapore | Spain |
| Founded | 2018Lower | 2021 |
| Support channels | Email, Phone, Help centre | Email, Chat, Phone, Help centreCovers more |
Mortgages
| Fact | Lendela | Plazo ES |
|---|---|---|
| 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 | Plazo ES | Median |
|---|---|---|---|
| APR | up to 48%highest quarter | 24.19%highest quarter | 8.99 |
| Term | 3 to 72 monthsabove the median | 48 monthsbelow the median | 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.
Plazo ES
Pros
- The approval answer arrives in minutes and the money is available in your account shortly after you sign up, so a cost that cannot wait can be covered the same day.
- The origination fee is 0 EUR on the personal loan and the credit line, so the cost sits in the rate rather than in a setup charge.
- The rate is fixed, so an instalment does not rise when market rates move.
Cons
- The annual cost of 24.19% sits well above 12% for the median brand on the site, so the interest does most of the work in what you repay.
- Free early repayment is not offered, so clearing the balance ahead of schedule does not bring the cost down, while 81.2% of the brands compared do offer it.
- Applications run a hard credit check, so an outcome here can also weigh on other credit applications you make.
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.
Plazo ES
Who it suits
- Adults living in Spain with a DNI/NIE or a European passport, demonstrable income and a good credit history.
- Borrowers who want both a personal loan and a revolving credit line from the same firm, since the range covers personal and credit line.
- People who can carry a 24.19% annual cost and value money in the account within minutes of signing up.
Who should look elsewhere
- Readers chasing a lower annual cost, since Monzo Flex quotes 10% to 23% against 24.19%.
- Borrowers who plan to finish early, since free early repayment is not offered here while most of the site comparison does offer it.
- Anyone needing a sum above €500 to €5,000, where Cashspace at PHP 12 to PHP 36 is set in a different currency and market.
Current offers
Plazo ES
Current offer
Bonus
Cashback on purchases with the Plazo card: Up to 15% cashback at favourite brands
Only when paying with the Plazo card; subject to meeting eligibility conditions and validity of the offers
Source, checked September 26, 2026
Country by country
| Country | Lendela | Plazo ES |
|---|---|---|
| Hong Kong | Yes | No |
| Singapore | Yes | No |
| Spain | 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.
Plazo ES
What does borrowing from Plazo ES cost?+
Plazo ES charges an annual cost of 24.19% on a fixed basis, and the origination fee is 0 EUR, so there is no setup charge to add. The published representative example is a revolving credit line repaid in 48 monthly instalments, and the total due comes to noticeably more than the amount drawn. That gap is the real cost to weigh.
Is Plazo ES a regulated lender?+
Plazo ES is a direct lender listed with Banco de España under 6899, so a Spanish supervisor is responsible for how it conducts that business. A loan is a borrowing contract rather than a savings account, so what you owe comes from the published terms, and the register entry is the detail worth checking before you sign.
Other options to compare
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