Updated September 28, 2026 · SumCue Editorial Team
CIMB Bank vs Lendela
CIMB Bank
Higher score in this comparison
Lendela
Where CIMB Bank and Lendela differ
| Compare | CIMB BankReviewVisitVisit | LendelaReviewVisitVisit |
|---|---|---|
| APR | 15% | up to 48% |
| Loan amount | MYR 2,000 to MYR 100,000 | SGD 1,000 to SGD 200,000 |
| Term | 24 to 84 monthsHigher | 3 to 72 months |
| Arrangement fee | RM0 (no processing fee) | SGD 0 |
| Funding time | Instant disbursement; approved and disbursed in 10 minutes | Around 1-2 days from application to disbursement; some within hours |
| Representative example | Cash Plus Personal Loan: fixed 4.38% p.a. equivalent to effective interest rate 8.08% p.a. on 5-year tenure | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 |
| Lender type | Direct lender | Marketplace |
| Eligibility | Malaysian citizen, aged 21 to 58 (max 60 at loan maturity), minimum monthly gross income RM2,000, employed over 6 consecutive months | Age 21 or older; Singapore citizen or PR (foreigners also considered, higher income threshold); min annual income SGD 20,000-30,000 citizens/PR |
| Loan types | Personal | Personal, Debt consolidation, Business, Secured, StudentCovers more |
| Credit check | Not confirmed | None |
| Rate type | Variable | Not confirmed |
| Free early repayment | Yes | Not confirmed |
| Origination fee (%) | 0.5% | Not confirmed |
| Credit needed | Not confirmed | Fair |
| Use cases | Not confirmed | Home improvement |
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Key differences
- CIMB Bank scores higher overall: 8.8 vs 8.5.
- Term is higher at CIMB Bank: 24 to 84 months vs 3 to 72 months.
- Support channels: only Lendela offers Email, Phone.
- Features: only CIMB Bank offers Rewards.
- Features: only Lendela offers Same day funding, Credit line.
- Loan types: only Lendela offers Debt consolidation, Business, Secured.
Our verdict on each
CIMB Bank
CIMB Bank suits Malaysian savers and borrowers who want plain costs and fast access to money. Its easy-access Basic Savings Account pays 0.25% on variable terms with no annual fee, and its Cash Plus personal loan carries an arrangement fee of RM0 (no processing fee).
Lendela
Lendela suits Singapore citizens and permanent residents who want a personal loan with no credit check and an origination fee of SGD 0. Borrowing covers SGD 1,000 to SGD 200,000 over terms of 3 to 72, and rates can reach up to 48%, the number to weigh before you apply.
Score breakdown
| Area | CIMB Bank | Lendela |
|---|---|---|
| Cost | 9.2 | Not confirmed |
| Offer | 8.2 | 9.0Highermarketplace lending, fair credit record and none credit check, so offers come with light entry conditions. |
| Trust | Not confirmed | 8.2 |
How they place
| Ranking | CIMB Bank | Lendela |
|---|---|---|
| Loans | 127 of 2043 | 79 of 2043 |
| Personal loans | 106 of 1317 | 66 of 1317 |
| Mortgages | 14 of 853 | 6 of 853 |
What we checked
CIMB Bank
- cimb.com.my: 16 facts, checked September 26, 2026
- ringgitplus.com: 1 fact, checked September 26, 2026
Lendela
- sg.lendela.com: 16 facts, checked September 26, 2026
- hk.lendela.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | CIMB Bank | Lendela |
|---|---|---|
| Pricing model | No annual fee | Not confirmed |
| Features | Rewards | Same day funding, Credit line |
| Legal entity | CIMB Bank Berhad | Lendela Pte. Ltd. |
| Headquarters | Malaysia | Singapore |
| Founded | Not confirmed | 2018 |
| Support channels | Help centre | Email, Phone, Help centreCovers more |
Savings
| Fact | CIMB Bank | Lendela |
|---|---|---|
| Headline rate | 0.25% | Not confirmed |
| Minimum deposit | MYR 20 | Not confirmed |
| Access terms | Withdraw funds at any time from an ATM, online, or at a branch | Not confirmed |
| Monthly fee | MYR 0 | Not confirmed |
| Account kind | Easy access | Not confirmed |
Credit cards
| Fact | CIMB Bank | Lendela |
|---|---|---|
| Annual fee | MYR 0 | Not confirmed |
| Rewards type | Cashback | Not confirmed |
| Rewards rate | Unlimited Cash Rebate | Not confirmed |
| Card kind | Credit | Not confirmed |
Mortgages
| Fact | CIMB Bank | Lendela |
|---|---|---|
| Initial rate | 4.8% to 5.2% | 2.4%Lower |
| Maximum loan to value | 100% | Not confirmed |
| Product fee | MYR 0 | SGD 0 |
| Purpose | Purchase, First time buyer | Purchase, Remortgage |
Where each stands against the rest
| Fact | CIMB Bank | Lendela | Median |
|---|---|---|---|
| APR | 15%above the median | up to 48%highest quarter | 9.99% |
| Term | 24 to 84 monthsabove the median | 3 to 72 monthsabove the median | 60 |
| Origination fee (%) | 0.5%above the median | Not confirmed | 0% |
Median across 1096 listed providers.
Pros and cons
CIMB Bank
Pros
- The debit card carries an annual fee of MYR 0, so there is no yearly charge to hold it
- Personal loans charge an arrangement fee of RM0 (no processing fee), plus 0.5% on the loan amount
- Funding time is listed as Instant disbursement; approved and disbursed in 10 minutes, so an approved loan does not sit waiting on a payout
Cons
- Support runs on help centre only, so most questions are handled through the help centre itself
- The savings rate is variable at 0.25%, so the return can rise or fall with the base rate
- Loan eligibility is limited to Malaysian citizens who are adults, with a minimum monthly gross income and a waiting period of employment
Lendela
Pros
- An origination fee of SGD 0 on personal loans, so no charge for setting the loan up.
- Purpose covers personal, debt consolidation and business, and home improvement is a stated use.
- Money often moves quickly: a few days from application to disbursement, and some within hours.
Cons
- The rate ceiling is up to 48%, well above where most borrowers start.
- Support runs on email, phone and help centre only.
- Applicants need a minimum age, Singapore citizenship or permanent residency, and a minimum annual income, with foreign applicants held to a higher income bar.
Who each suits
CIMB Bank
Who it suits
- Malaysian adults who want an easy-access savings balance held with no monthly fee
- Borrowers who want a personal loan with an arrangement fee of RM0 (no processing fee) and quick disbursement
- First-time home buyers using the CIMB My First Home purchase route with up to 100% loan to value
Who should look elsewhere
- Anyone outside Malaysia, since the personal loan eligibility rests on Malaysian citizenship
- Savers who want a locked rate, because the rate type on the savings account is variable
- Borrowers who cannot meet the minimum monthly gross income requirement for approval
Lendela
Who it suits
- Singapore citizens and permanent residents with a fair credit record who want to borrow without a credit check.
- People consolidating debt or planning home improvement, both common reasons to borrow here.
- Borrowers who prefer a marketplace where lender quotes sit side by side.
Who should look elsewhere
- Borrowers chasing the lowest rates, who will find Cashspace quoting PHP 12 to PHP 36.
- Euro borrowers, since Creduma ES lists from €12,000 and Lendela works in Singapore dollars.
- Anyone wanting a rate band with room at both ends, since Sofkredit quotes 10.74% to 18.06% against the capped up to 48% here.
Country by country
| Country | CIMB Bank | Lendela |
|---|---|---|
| Hong Kong | No | Yes |
| Singapore | No | Yes |
Questions about each
CIMB Bank
What rate does the Basic Savings Account pay?+
It pays a headline rate of 0.25% at a variable rate type, so the return follows the base rate. The account opens with a minimum deposit of MYR 20, and the monthly fee is MYR 0.
How much does it cost to hold a CIMB Bank account?+
The monthly fee on the savings account is MYR 0, and the annual fee on the cards is MYR 0. Money in the savings account is easy-access, so you can take it out whenever you need it, at an ATM, online or at a branch counter.
Lendela
How much can I borrow, and for how long?+
Lendela covers SGD 1,000 to SGD 200,000, with terms of 3 to 72. Features listed include same day funding and credit line, so a credit line is an option for anyone who would rather draw money down gradually than take the full amount at the start.
What rate will I pay?+
Rates at Lendela run as high as up to 48%, well above the 15.5% median for this category. The published representative example is much kinder, pairing a modest rate with a multi-year term, so treat the ceiling as the worst case rather than the expected outcome.