Updated September 28, 2026 · BorrowCue Editorial Team
Lendela vs Smava
Where Lendela and Smava differ
| Compare |  Lendela |  Smava |
|---|---|---|
| APR | up to 48% | -0.4% to 19.9% |
| Loan amount | SGD 1,000 to SGD 200,000 | €1,000 to €120,000 |
| Term | 3 to 72 months | 6 to 120 monthsHigher |
| Arrangement fee | SGD 0 | 0 EUR |
| Credit check | None | Soft prequal |
| Funding time | Around 1-2 days from application to disbursement; some within hours | Within a few working days; with digital account check and video ident some banks disburse the same day |
| Representative example | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 | Ratenkredit: EUR 50,000 net loan, 60 months, 8.70% effective annual rate, 60 monthly instalments of EUR 1,022.73, total EUR 61,363.57, Vereinigte Volksbank Raiffeisenbank eG |
| 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 | At least 18 years old, main residence in Germany, current account at a German bank, regular income, sufficient creditworthiness |
| Loan types | Personal, Debt consolidation, Business, Secured, Student | Personal, Car, Debt consolidation, Business |
| Rate type | Not confirmed | Fixed |
| Free early repayment | Not confirmed | No |
Same on both: Lender type (Marketplace), Credit needed (Fair), Use cases (Home improvement).
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Key differences
- Smava scores higher overall: 8.9 vs 8.5.
- Founded is lower at Smava: 2007 vs 2018.
- Lendela is available in 1 more country.
- Term is higher at Smava: 6 to 120 months vs 3 to 72 months.
- Features: only Lendela offers Credit line.
- Loan types: only Lendela offers Secured, Student.
- Loan types: only Smava offers 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.
Smava
Smava suits German borrowers who want one comparison across personal, car, consolidation and business loans, plus home finance, without paying a setup fee. It scores 6 overall, with -0.4% to 19.9% on loans and 3.2% on home finance, but early repayment is not free.
Score breakdown
| Area | Lendela | Smava |
|---|---|---|
| Cost | Not confirmed | 9.1 |
| Offer | 8.9Fees are SGD 0 to arrange a personal loan and SGD 0 on the mortgage side. | 9.1HigherAmounts of €1,000 to €120,000, rates of -0.4% to 19.9%, no origination fee of 0 EUR and same day funding. |
| Trust | 8.2 | 8.5Higher |
The bill, worked out
Borrow a typical amount over a typical term (estimate at the stated APR)
Lendela
up to 9,039.28
up to 9,039.28
Smava
-61.55 to 3,360.55
-61.55 to 3,360.55
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.
Positions in our rankings
| Ranking | Lendela | Smava |
|---|---|---|
| Personal loans | 74 of 1932 | 118 of 1932 |
| Loans for bad credit | 42 of 275 | 63 of 275 |
| Debt consolidation loans | 26 of 425 | 48 of 425 |
| Mortgages | 6 of 719 | 17 of 719 |
| Remortgage deals | 6 of 351 | 14 of 351 |
| Business loans | 10 of 435 | 19 of 435 |
| Home improvement loans | 31 of 562 | 56 of 562 |
Every fact side by side
| Fact | Lendela | Smava |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding, Credit lineCovers more | Same day funding |
| Legal entity | Lendela Pte. Ltd. | smava GmbH (HRB 97913, Amtsgericht Charlottenburg) |
| Headquarters | Singapore | Germany |
| Founded | 2018 | 2007Lower |
| Support channels | Email, Phone, Help centre | Email, Phone, Help centre |
Mortgages
| Fact | Lendela | Smava |
|---|---|---|
| Initial rate | 2.4%Lower | 3.2% |
| APRC | Not confirmed | 3.2% |
| Fixed period | Not confirmed | 10 years |
| Maximum loan to value | Not confirmed | 110% |
| Product fee | SGD 0 | €0 |
| Purpose | Purchase, Remortgage | Purchase, Remortgage |
Where each stands against the rest
| Fact | Lendela | Smava | Median |
|---|---|---|---|
| APR | up to 48%highest quarter | -0.4% to 19.9%lowest quarter | 8.99 |
| Term | 3 to 72 monthsabove the median | 6 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.
Smava
Pros
- Loan amounts run €1,000 to €120,000 with terms of 6 to 120
- Loan types cover personal, car and debt consolidation in one comparison
- A soft prequalification credit check (soft prequal) means you can check rates before a full application
Cons
- Free early repayment: no, so paying a loan off early carries a cost
- Credit needed is fair, and eligibility also requires a German bank account and regular income
- A marketplace, so the rate you get depends on which partner bank responds and the final offer comes from them
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.
Smava
Who it suits
- Adults in Germany with a current account at a German bank and regular income
- Anyone consolidating debts, funding a car or improving a home who wants to compare offers rather than one lender
- Borrowers who want a fixed rate over 6 to 120 on a personal loan
Who should look elsewhere
- People who want to repay a loan early at no cost
- Borrowers without regular income or a German current account
- Anyone needing a variable-rate loan, since the model is fixed rate
Current offers
Smava
Current offer
Bonus
500 EUR Amazon.de voucher on taking out a loan: 500 EUR Amazon.de voucher
Loan of at least EUR 30,000 concluded via the 'Zum Kreditvergleich mit Gutschein' button only; voucher sent by email after the 14-day withdrawal period has passed; restrictions apply per amazon.de/gc-legal
Source, checked September 26, 2026
Discount code
Cheaper-goes-does-not-exist guarantee: One-off compensation of the difference if a comparable domestic bank offer is cheaper
Applies to loans brokered via smava; amount follows the offers received in the smava credit comparison, stated without hidden conditions
Source, checked September 26, 2026
Country by country
| Country | Lendela | Smava |
|---|---|---|
| Germany | 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.
Smava
What does Smava charge for setting up a loan?+
There is no origination fee on the personal loan: the arrangement fee is 0 EUR, and the product fee is €0. What you pay instead is interest on the borrowed amount, which is priced at -0.4% to 19.9% for your own profile.
How much can I borrow and over what term?+
Loan amounts run €1,000 to €120,000, and terms run 6 to 120. The rate model is fixed, so the figure you are offered is set at the start and does not drift with market moves.
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