Updated September 28, 2026 · BorrowCue Editorial Team
Lendela vs Solcredito MX
What sets them apart
| Compare |  Lendela |  Solcredito MX |
|---|---|---|
| APR | up to 48% | 9.5% to 3,696% |
| Loan amount | SGD 1,000 to SGD 200,000 | up to MX$100,000 |
| Term | 3 to 72 monthsHigher | 3 to 48 months |
| Arrangement fee | SGD 0 | 0 MXN |
| Funding time | Around 1-2 days from application to disbursement; some within hours | Within 24 hours |
| Representative example | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 | Borrow $10,000 at a 12% annual rate over 6 months: monthly payment $1,732.98, total repayment $10,397.88 (total CAT 12.001%) |
| 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 | 18-80 years old, resident in Mexico, hold an account at a national bank, email and mobile phone |
| Loan types | Personal, Debt consolidation, Business, Secured, Student | Personal, Car, Secured, Debt consolidation, BNPL |
| Credit needed | Fair | Poor |
| Credit check | None | Not confirmed |
| Rate type | Not confirmed | Fixed |
Same on both: Use cases (Home improvement).
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Key differences
- Solcredito MX scores higher overall: 8.7 vs 8.5.
- Founded is lower at Solcredito MX: 2011 vs 2018.
- Lendela is available in 1 more country.
- Term is higher at Lendela: 3 to 72 months vs 3 to 48 months.
- Support channels: only Lendela offers Phone.
- Features: only Lendela offers Credit line.
- Loan types: only Lendela offers Business, Student.
- Loan types: only Solcredito MX offers Car, BNPL.
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.
Solcredito MX
Solcredito MX suits Mexican residents with poor credit who need a personal loan quickly and want the repayment fixed. Funding lands Within 24 hours, the origination fee is 0 MXN, and the wide rate band is the main thing to check before you sign.
Score breakdown
| Area | Lendela | Solcredito MX |
|---|---|---|
| Cost | Not confirmed | 8.9 |
| Offer | 8.9HigherFees are SGD 0 to arrange a personal loan and SGD 0 on the mortgage side. | 8.59.5% to 3,696% is far wider than the alternatives, which is what holds the offer score back, though the fixed fixed rate keeps payments predictable. |
| Trust | 8.2 | 8.5Higher |
How they place
| Ranking | Lendela | Solcredito MX |
|---|---|---|
| Personal loans | 74 of 1932 | 61 of 1932 |
| Loans for bad credit | 42 of 275 | 38 of 275 |
| Debt consolidation loans | 26 of 425 | 23 of 425 |
| Secured loans | 12 of 472 | 10 of 472 |
| Home improvement loans | 31 of 562 | 28 of 562 |
Pick Lendela if, pick Solcredito MX if
Pick Lendela if offer and term matter most.
Pick Solcredito MX if trust matter most.
If neither fits
Sofkredit has term at 6 to 240 months, against 3 to 72 months for Lendela and 3 to 48 months for Solcredito MX.
Sofkredit reviewSources behind this comparison
Lendela
- sg.lendela.com: 16 facts, checked September 26, 2026
- hk.lendela.com: 1 fact, checked September 26, 2026
Solcredito MX
- solcredito.mx: 18 facts, checked September 26, 2026
Every fact side by side
| Fact | Lendela | Solcredito MX |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding, Credit lineCovers more | Same day funding |
| Legal entity | Lendela Pte. Ltd. | Fiizy OU |
| Headquarters | Singapore | Estonia |
| Founded | 2018 | 2011Lower |
| Support channels | Email, Phone, Help centreCovers more | Email, Help centre |
Mortgages
| Fact | Lendela | Solcredito MX |
|---|---|---|
| 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 | Solcredito MX | Median |
|---|---|---|---|
| APR | up to 48%highest quarter | 9.5% to 3,696%above the median | 8.99 |
| Term | 3 to 72 monthsabove the median | 3 to 48 monthsbelow the median | 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.
Solcredito MX
Pros
- Origination fee of 0 MXN, so the cost is the interest and the amount you repay rather than a fee sitting on top.
- Poor credit is enough: poor is the stated requirement, and 70.1% shows most brands in the bad credit ranking ask the same.
- Quick payout on an accepted application, with funding Within 24 hours and same-day funding listed as a feature, same day funding.
Cons
- The rate band is the weak point: 9.5% to 3,696% stretches far wider than the 10% to 23% at Monzo Flex or the PHP 12 to PHP 36 at Cashspace.
- Support runs on email and help centre only, while phone is the most common channel in the personal loan ranking, 85.3%.
- It is a broker, broker, so the rate and the contract come from whichever lender takes the application, and direct lenders lead the personal loan ranking at 76.3%.
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.
Solcredito MX
Who it suits
- Adults living in Mexico with a bank account, an email address and a mobile number, applying on poor credit.
- Borrowers who need the money Within 24 hours and can live with a monthly amount set on a fixed basis.
- People consolidating debts, buying a car or fixing up a home, since personal, car and secured and home improvement cover those uses.
Who should look elsewhere
- Borrowers who want a tight rate band: Monzo Flex prices at 10% to 23% and Cashspace at PHP 12 to PHP 36, both narrower than 9.5% to 3,696%.
- People who need to talk something through, since support is limited to email and help centre rather than a phone line.
- Borrowers wanting a bigger sum than up to MXN 100,000 or a longer term than 3 to 48, who would do better checking direct lenders than a broker.
Current offers
Solcredito MX
Current offer
First period offer
First loan from 0% interest: 0% interest on the first loan
Offer depends on the lender network; the exact CAT and any charges are disclosed before signing the loan contract
Source, checked September 26, 2026
Bonus
Extra $12,000 from 0% for special events: 12,000 MXN additional credit at 0%
Special event promotion on personal loans, terms per lender offer
Source, checked September 26, 2026
Country by country
| Country | Lendela | Solcredito MX |
|---|---|---|
| Hong Kong | Yes | No |
| Mexico | No | Yes |
| 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.
Solcredito MX
What rate will I pay on a Solcredito MX personal loan?+
Rates depend on the partner lender your application reaches, and the published band is 9.5% to 3,696%, which is wide. For context, the middle of the market on this site is 12%. Ask for the rate in writing once an offer lands, and compare the total you repay against the amount you borrow.
Does Solcredito MX charge an origination fee?+
The stated origination fee is 0 MXN, so the headline cost here is the interest itself. That compares well with lenders that add a fee on top of the rate. Read the partner lender's terms too, since a broker arrangement carries terms set by the funder.
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