Updated September 29, 2026 · BorrowCue Editorial Team
Lendela vs TF Bank
Lendela vs TF Bank: the differences
| Compare |  Lendela |  TF Bank |
|---|---|---|
| APR | up to 48% | 17.58% |
| Loan amount | SGD 1,000 to SGD 200,000 | up to €15,000 |
| Term | 3 to 72 months | up 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 1 business day |
| Representative example | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 | Loan 5300 EUR, fixed rate 16.30% p.a., APR 17.58%, term 80 months, 80 x 109.05 EUR, total 8724.00 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 | 18+, German residence, regular income |
| Loan types | Personal, Debt consolidation, Business, Secured, StudentCovers more | Personal, Debt consolidation |
| Rate type | Not confirmed | Fixed |
| Free early repayment | Not confirmed | No |
| Origination fee (%) | Not confirmed | 0% |
| Credit needed | Fair | Not confirmed |
Same on both: Use cases (Home improvement).
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Key differences
- TF Bank scores higher overall: 9.3 vs 8.5.
- Founded is lower at TF Bank: 1987 vs 2018.
- Term is higher at TF Bank: up to 120 months vs 3 to 72 months.
- Features: only Lendela offers Same day funding.
- Loan types: only Lendela offers Business, Secured, Student.
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.
TF Bank
TF Bank suits borrowers in Germany seeking a fixed rate personal or debt consolidation loan with clear monthly payments for home improvement plans. APR sits at 17.58% with funding in within 1 business day and amounts of up to €15,000 over terms of up to 120 through a direct lender setup.
Score breakdown
| Area | Lendela | TF Bank |
|---|---|---|
| Cost | Not confirmed | 8.8Pricing centres on APR of 17.58% with fixed rate structure |
| Offer | 8.9Fees are SGD 0 to arrange a personal loan and SGD 0 on the mortgage side. | 9.5HigherCovers borrowing for personal and debt consolidation with home improvement use |
| Trust | 8.2 | 9.5HigherOperates as direct lender with long operating history |
From lowest to highest
| Fact | Lendela | TF Bank |
|---|---|---|
| Term | 3 to 72 months | up to 120 months |
Availability and regulation
| Country | Lendela | TF Bank |
|---|---|---|
| Sweden | Not confirmed |
Additional countries for Lendela: 2. Additional countries for TF Bank: 2.
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
TF Bank
2,939.14
2,939.14
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 29, 2026.
If neither fits
Sofkredit has term at 6 to 240 months, against 3 to 72 months for Lendela and up to 120 months for TF Bank.
Sofkredit reviewSources behind this comparison
Lendela
- sg.lendela.com: 16 facts, checked September 26, 2026
- hk.lendela.com: 1 fact, checked September 26, 2026
TF Bank
- tfbank.de: 19 facts, checked September 29, 2026
- tfbank.at: 1 fact, checked September 28, 2026
How they place
| Ranking | Lendela | TF Bank |
|---|---|---|
| Personal loans | 74 of 1944 | 87 of 1944 |
| Debt consolidation loans | 26 of 425 | 32 of 425 |
| Lines of credit | 10 of 328 | 14 of 328 |
| Home improvement loans | 31 of 562 | 38 of 562 |
Every fact side by side
| Fact | Lendela | TF Bank |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding, Credit lineCovers more | Credit line |
| Legal entity | Lendela Pte. Ltd. | Avarda Bank AB |
| Headquarters | Singapore | Sweden |
| Founded | 2018 | 1987Lower |
| Support channels | Email, Phone, Help centre | Email, Phone, Help centre |
Mortgages
| Fact | Lendela | TF Bank |
|---|---|---|
| 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 | TF Bank | Median |
|---|---|---|---|
| APR | up to 48%highest quarter | 17.58%above the median | 8.99 |
| Term | 3 to 72 monthsabove the median | up to 120 monthshighest quarter | 60 |
| Origination fee (%) | Not confirmed | 0%below the median | 0.25% |
Median across 1007 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.
TF Bank
Pros
- Fixed pricing through fixed and fixed rate for predictable monthly budgeting
- Free arrangement with fees of 0 EUR alongside 0%
- Pre check via soft prequal with funding in within 1 business day
Cons
- Free early repayment is answered no, so settling the balance early may carry a charge
- APR of 17.58% sits higher than 12.74% to 13.01% for price sensitive borrowers
- Eligibility tied to German residence and regular income in 18+, German residence, regular income
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.
TF Bank
Who it suits
- Borrowers planning home improvement using home improvement with fixed payments
- Borrowers consolidating balances using personal and debt consolidation via a direct lender
- Borrowers valuing phone and email help through email, phone and help centre
Who should look elsewhere
- Borrowers planning early repayment may prefer Ibancar Prestamos as free early repayment is answered no here
- Borrowers seeking lower APR cover may prefer Ibancar Prestamos given 12.74% to 13.01% against 17.58%
Country by country
| Country | Lendela | TF Bank |
|---|---|---|
| Austria | No | Yes |
| 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.
TF Bank
What does a TF Bank loan cost in APR and fees?+
TF Bank charges APR of 17.58% on a fixed rate basis under fixed. Arrangement fees are 0 EUR with a rate of 0%. The published Representative example outlines total repayable with fixed monthly instalments over a long term.
How much can be borrowed and over what term?+
TF Bank lends amounts of up to €15,000 with terms of up to 120. The structure follows fixed rate with fixed pricing. Monthly payments stay predictable across the agreed term, which helps budgeting for larger home improvement or consolidation plans.
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