Updated September 28, 2026 · BorrowCue Editorial Team
Lendela vs Prestalo
Lendela vs Prestalo: the differences
| Compare |  Lendela |  Prestalo |
|---|---|---|
| APR | up to 48% | 4.1% to 30% |
| Loan amount | SGD 1,000 to SGD 200,000 | €500 to €100,000 |
| Term | 3 to 72 months | 1 to 120 monthsHigher |
| Arrangement fee | SGD 0 | 0 EUR |
| Credit check | None | Hard |
| Funding time | Around 1-2 days from application to disbursement; some within hours | Money transferred to your bank account, normally within 24 to 48 hours |
| Representative example | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 | EUR 5,000 loan repaid over 60 months, fixed annual interest 6.11%, TAE 6.28%, monthly payment 96.62 EUR, no opening or early-repayment fee, total repayable 5,815.20 EUR |
| Lender type | Marketplace | Broker |
| 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 | 18 or over, resident in Spain, valid DNI or NIE, stable sufficient income |
| Loan types | Personal, Debt consolidation, Business, Secured, Student | Personal, Payday, Car, Debt consolidation, Secured |
| Credit needed | Fair | Good |
| Rate type | Not confirmed | Fixed |
| Free early repayment | Not confirmed | Yes |
Same on both: Use cases (Home improvement).
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Key differences
- Prestalo scores higher overall: 8.8 vs 8.5.
- Lendela is available in 1 more country.
- Term is higher at Prestalo: 1 to 120 months vs 3 to 72 months.
- Support channels: only Prestalo offers Chat.
- Features: only Lendela offers Credit line.
- Loan types: only Lendela offers Business, Student.
- Loan types: only Prestalo offers Payday, Car.
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.
Prestalo
Prestalo suits Spanish residents who want one broker covering personal and mortgage borrowing, with personal loan APR of 4.1% to 30% and no arrangement fee.
Score breakdown
| Area | Lendela | Prestalo |
|---|---|---|
| Cost | Not confirmed | 9.4 |
| Offer | 8.9Fees are SGD 0 to arrange a personal loan and SGD 0 on the mortgage side. | 9.0HigherPersonal loans at 4.1% to 30% with arrangement fee 0 EUR and free early repayment, plus a mortgage at 2.36% and APRC 2.97%. |
| Trust | 8.2 | 8.3Higher |
What each covers
| Loan types | Lendela | Prestalo |
|---|---|---|
| Personal | Yes | Yes |
| Payday | No | Yes |
| Debt consolidation | Yes | Yes |
| Secured | Yes | Yes |
| Car | No | Yes |
| Business | Yes | No |
| Student | Yes | No |
| Use cases | Lendela | Prestalo |
|---|---|---|
| Home improvement | Yes | Yes |
How they place
| Ranking | Lendela | Prestalo |
|---|---|---|
| Personal loans | 74 of 1932 | 60 of 1932 |
| Debt consolidation loans | 26 of 425 | 22 of 425 |
| Secured loans | 12 of 472 | 9 of 472 |
| Mortgages | 6 of 719 | 5 of 719 |
| Remortgage deals | 6 of 351 | 5 of 351 |
| Home improvement loans | 31 of 562 | 27 of 562 |
Where each is licensed and available
| Country | Lendela | Prestalo |
|---|---|---|
| Spain | Not confirmed | Registro Estatal de Intermediarios Financieros 878/2018, seccion segunda |
Additional countries for Lendela: 2. Additional countries for Prestalo: 1.
Every fact side by side
| Fact | Lendela | Prestalo |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding, Credit lineCovers more | Same day funding |
| Legal entity | Lendela Pte. Ltd. | PRESTALO ONLINE, S.L. |
| Headquarters | Singapore | Spain |
| Founded | 2018 | 2018 |
| Support channels | Email, Phone, Help centre | Email, Chat, Phone, Help centreCovers more |
Mortgages
| Fact | Lendela | Prestalo |
|---|---|---|
| Initial rate | 2.4% | 2.36%Lower |
| APRC | Not confirmed | 2.97% |
| Fixed period | Not confirmed | 25 years |
| Maximum loan to value | Not confirmed | 80% |
| Product fee | SGD 0 | €0 |
| Purpose | Purchase, Remortgage | Purchase, Remortgage |
Where each stands against the rest
| Fact | Lendela | Prestalo | Median |
|---|---|---|---|
| APR | up to 48%highest quarter | 4.1% to 30%lowest quarter | 8.99 |
| Term | 3 to 72 monthsabove the median | 1 to 120 monthshighest quarter | 60 |
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.
Prestalo
Pros
- Personal loan APR runs 4.1% to 30% with arrangement fee 0 EUR, so the headline cost is the interest and nothing else.
- Free early repayment means clearing the balance early costs nothing, which suits anyone whose income may rise.
- Rate type is fixed and the model is fixed rate, so the monthly payment does not move when base rates shift.
Cons
- Credit check is hard and the credit needed is good, which rules out anyone with a thin or damaged credit file.
- Lender kind is broker, so the lender you end up with is chosen by a third party rather than by you.
- APR of 4.1% to 30% spans from below the personal loan median of 12% to well above it, so the rate you are offered depends heavily on your file.
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.
Prestalo
Who it suits
- Adults in Spain with a good credit file and stable income who want a fixed-rate personal loan with no arrangement fee.
- Borrowers taking out a mortgage through a broker at an initial rate of 2.36% and APRC 2.97% with no product fee.
- People who expect to clear the loan early and value free early repayment.
Who should look elsewhere
- Anyone needing a variable-rate loan, since the rate type is fixed and the mortgage runs fixed for 25.
- Borrowers with a poor credit history, given the hard credit check and the good credit requirement.
- Shoppers who want to pick the lender directly, since Prestalo works as broker.
Country by country
| Country | Lendela | Prestalo |
|---|---|---|
| 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.
Prestalo
What APR does Prestalo charge on a personal loan?+
Personal loan APR is 4.1% to 30%, which covers the full cost of the credit as a single yearly rate. The arrangement fee is 0 EUR, so there is nothing on top of that figure to add separately. The rate is fixed, so the monthly payment holds steady for the whole term.
Is there any fee to open or repay a Prestalo loan early?+
The arrangement fee is 0 EUR and early repayment is free, so clearing the balance ahead of schedule carries no charge. The mortgage product fee is €0 as well. Together these mean your exit options stay open on both the personal loan and the mortgage.
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