Updated September 29, 2026 · BorrowCue Editorial Team
Lendela vs Solcredito
Lendela vs Solcredito: the differences
| Compare |  Lendela |  Solcredito |
|---|---|---|
| APR | up to 48% | 0% to 3,752% |
| Loan amount | SGD 1,000 to SGD 200,000 | €50 to €5,000 |
| Term | 3 to 72 monthsHigher | 3 to 60 months |
| Arrangement fee | SGD 0 | 0 EUR |
| Funding time | Around 1-2 days from application to disbursement; some within hours | Decision in 15 minutes, money in your bank account within a few hours |
| Representative example | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 | 1,500.00 EUR credit line drawn in full at first draw, repaid in 12 instalments, 20.04% annual rate (1.67% monthly), resulting TAE 21.99%, no fees |
| 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 | Age 18 to 80, resident in Spain, current account at a national bank, own email and mobile number (some partner lenders require 21) |
| Loan types | Personal, Debt consolidation, Business, Secured, Student | Personal, Payday, Debt consolidation, Credit line |
| Credit needed | Fair | Poor |
| Credit check | None | Not confirmed |
Same on both: Use cases (Home improvement).
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Key differences
- Solcredito scores higher overall: 9.0 vs 8.5.
- Founded is lower at Solcredito: 2011 vs 2018.
- Term is higher at Lendela: 3 to 72 months vs 3 to 60 months.
- Support channels: only Lendela offers Phone.
- Loan types: only Lendela offers Business, Secured, Student.
- Loan types: only Solcredito offers Payday, 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.
Solcredito
Solcredito suits Spanish borrowers with a poor credit file needing a small amount quickly, and the arrangement fee on the personal loan offer is 0 EUR. It is a broker rather than a lender, so the rate depends on which lender answers, with rates running as high as 0% to 3,752%.
Score breakdown
| Area | Lendela | Solcredito |
|---|---|---|
| Cost | Not confirmed | 9.9 |
| Offer | 8.9HigherFees are SGD 0 to arrange a personal loan and SGD 0 on the mortgage side. | 8.4A broker, not a lender, with fees of 0 EUR and rates of 0% to 3,752% against a site median of 12%. |
| Trust | 8.2 | 8.5Higher |
Cost in a real example
Borrow a typical amount over a typical term (estimate at the stated APR)
Lendela
up to 4,519.64
up to 4,519.64
Solcredito
0 to 557,800
0 to 557,800
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.
Where they rank in our lists
| Ranking | Lendela | Solcredito |
|---|---|---|
| Personal loans | 74 of 1932 | 59 of 1932 |
| Loans for bad credit | 42 of 275 | 37 of 275 |
| Debt consolidation loans | 26 of 425 | 21 of 425 |
| Lines of credit | 10 of 328 | 9 of 328 |
| Home improvement loans | 31 of 562 | 26 of 562 |
Every fact side by side
| Fact | Lendela | Solcredito |
|---|---|---|
| Features | Same day funding, Credit line | Same day funding, Credit line |
| Legal entity | Lendela Pte. Ltd. | Fiizy OU (registration code 12694462) |
| Headquarters | Singapore | Estonia |
| Founded | 2018 | 2011Lower |
| Support channels | Email, Phone, Help centreCovers more | Email, Help centre |
Mortgages
| Fact | Lendela | Solcredito |
|---|---|---|
| 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 | Median |
|---|---|---|---|
| APR | up to 48%highest quarter | 0% to 3,752%lowest quarter | 8.99 |
| Term | 3 to 72 monthsabove the median | 3 to 60 monthsat 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
Pros
- Arrangement fee of 0 EUR on the personal loan offer, and the representative example records no fees on the credit line
- A decision in minutes and money in the account within a few hours
- Accepts a poor credit profile, which covers a large share of the loans on the site
Cons
- The cost range runs up to 0% to 3,752%, well above the 25.03% upper quartile for personal loans on the site
- Solcredito is a broker, so the lender setting the rate is not named in the offer
- Support runs on email and help centre only, with no phone line listed
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
Who it suits
- Adults in Spain with a poor credit profile who need money in the account the same day
- Borrowers covering home improvement who can repay inside 3 to 60
- People who prefer written support through a help centre and email rather than by phone
Who should look elsewhere
- Borrowers with a strong credit file, who will find rates well under the 0% to 3,752% ceiling on a direct lender
- Anyone needing to borrow more than €50 to €5,000 or to repay over a longer period than 3 to 60
- Readers who want a named lender and a regulated protection scheme, neither of which appears for this broker
Current offers
Solcredito
Current offer
First period offer
Extra 5000 EUR desde 0% para eventos especiales / primer prestamo al 0% de interes: 0% interest, extra amount up to 5,000 EUR
New customers, first loan, promotional event offer
Source, checked September 26, 2026
First period offer
Extra $12,000 desde 0% para eventos especiales / primer prestamo desde 0% de interes (Mexico): 0% interest, extra amount up to 12,000 MXN
New customers, first loan, Mexico offer; deposit within 24hrs claimed
checked September 26, 2026
Country by country
| Country | Lendela | Solcredito |
|---|---|---|
| Hong Kong | Yes | No |
| Mexico | No | Yes |
| 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.
Solcredito
What rate will I pay through Solcredito?+
Annual rates run 0% to 3,752%, a wide spread that reflects the partner lenders Solcredito works with rather than one set price. The site's median personal loan rate is 12%. The representative example shows a credit line drawn in full, repaid over a set number of instalments at a stated annual rate and monthly rate, with the resulting TAE and no fees.
Are there arrangement fees or hidden costs?+
The arrangement fee is 0 EUR on the personal loan offer, and the representative example states no fees on the credit line it illustrates. A broker can still pass on lender costs inside the rate itself, so the figure to weigh is the TAE in any offer you receive.
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