Updated September 28, 2026 · SumCue Editorial Team
ICICI Bank vs Lendela
ICICI Bank
Higher score in this comparison
Lendela
Where ICICI Bank and Lendela differ
| Compare | ICICI BankReviewVisitVisit | LendelaReviewVisitVisit |
|---|---|---|
| APR | 9.99% to 16.5% | up to 48% |
| Loan amount | ₹50,000 to ₹5,000,000 | SGD 1,000 to SGD 200,000 |
| Term | 12 to 72 months | 3 to 72 months |
| Arrangement fee | Up to 2% of loan amount plus taxes (Personal Loan processing charge) | SGD 0 |
| Credit check | Hard | None |
| Funding time | Instant disbursement | Around 1-2 days from application to disbursement; some within hours |
| Lender type | Direct lender | Marketplace |
| Eligibility | Indian citizens aged 18-58 years; salaried minimum monthly income 30,000 rupees | 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, Debt consolidation | Personal, Debt consolidation, Business, Secured, StudentCovers more |
| Credit needed | Good | Fair |
| Representative example | Not confirmed | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 |
| Rate type | Variable | Not confirmed |
| Free early repayment | No | Not confirmed |
| Origination fee (%) | 2% | Not confirmed |
Same on both: Use cases (Home improvement).
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Key differences
- ICICI Bank scores higher overall: 8.9 vs 8.5.
- Founded is lower at ICICI Bank: 1994 vs 2018.
- Lendela is available in 1 more country.
- Support channels: only ICICI Bank offers Chat.
- Support channels: only Lendela offers Email.
- Features: only ICICI Bank offers Rewards.
- Features: only Lendela offers Same day funding, Credit line.
- Loan types: only Lendela offers Business, Secured, Student.
Our verdict on each
ICICI Bank
ICICI Bank is a full-service Indian bank covering saving, spending and borrowing, so it suits customers who want one provider. The savings account pays 2.5% on a variable rate, with easy access to cash, bill payments and transfers by UPI, IMPS, NEFT and RTGS, and personal loans disburse instantly.
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 | ICICI Bank | Lendela |
|---|---|---|
| Cost | 8.6Card costs weigh heavy: an annual fee of INR 3,500 on the Sapphiro card, and personal loan rates of 9.99% to 16.5%. | Not confirmed |
| Offer | 9.4Higher | 9.0marketplace lending, fair credit record and none credit check, so offers come with light entry conditions. |
| Trust | 9.0Higher | 8.2 |
From lowest to highest
| Fact | ICICI Bank | Lendela |
|---|---|---|
| APR | 9.99% to 16.5% | up to 48% |
| Term | 12 to 72 months | 3 to 72 months |
Pick ICICI Bank if, pick Lendela if
Pick ICICI Bank if offer and trust matter most.
Pick Lendela if loan types matter most.
Sources behind this comparison
ICICI Bank
- icici.bank.in: 20 facts, checked September 26, 2026
Lendela
- sg.lendela.com: 16 facts, checked September 26, 2026
- hk.lendela.com: 1 fact, checked September 26, 2026
How they place
| Ranking | ICICI Bank | Lendela |
|---|---|---|
| Loans | 124 of 2043 | 79 of 2043 |
| Personal loans | 104 of 1317 | 66 of 1317 |
| Mortgages | 13 of 853 | 6 of 853 |
Every fact side by side
| Fact | ICICI Bank | Lendela |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Features | Rewards | Same day funding, Credit line |
| Legal entity | ICICI Bank Ltd. | Lendela Pte. Ltd. |
| Headquarters | India | Singapore |
| Founded | 1994Lower | 2018 |
| Support channels | Phone, Help centre, Chat | Email, Phone, Help centre |
Savings
| Fact | ICICI Bank | Lendela |
|---|---|---|
| Headline rate | 2.5% | Not confirmed |
| Minimum deposit | ₹2,500 to ₹15,000 | Not confirmed |
| Access terms | Easy access to funds: cash withdrawals, utility bill payments and online fund transfers through UPI, IMPS, NEFT and RTGS | Not confirmed |
| Account kind | Easy access | Not confirmed |
Mortgages
| Fact | ICICI Bank | Lendela |
|---|---|---|
| Initial rate | 7.55% | 2.4%Lower |
| Maximum loan to value | 80% to 90% | Not confirmed |
| Product fee | Not confirmed | SGD 0 |
| Purpose | Purchase, Remortgage | Purchase, Remortgage |
Where each stands against the rest
| Fact | ICICI Bank | Lendela | Median |
|---|---|---|---|
| APR | 9.99% to 16.5%at the median | up to 48%highest quarter | 9.99 |
| Term | 12 to 72 monthsabove the median | 3 to 72 monthsabove the median | 60 |
| Origination fee (%) | 2%above the median | Not confirmed | 0% |
Median across 1096 listed providers.
Pros and cons
ICICI Bank
Pros
- Personal loans disburse with Instant disbursement, on amounts of INR 50,000 to INR 5,000,000 over terms of 12 to 72.
- The savings account is easy access, taking a minimum deposit of INR 2,500 to INR 15,000.
- The card pays points on spending, with lounge visits, golf rounds, concierge help and welcome vouchers added.
Cons
- Foreign spend on the card carries a currency conversion fee of 3.5%.
- Personal loan applications run a hard credit check, and good credit is the bar.
- Free early repayment is not offered, so settling a personal loan early carries a charge.
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
ICICI Bank
Who it suits
- Salaried Indian citizens of adult age who want savings, a card and loans from one bank.
- Savers comfortable with a variable savings rate and borrowers happy with a fixed rate loan.
- Cardholders who want a credit card with lounge, golf and concierge perks on top of points.
Who should look elsewhere
- wise, if a card with no annual fee matters most, since its annual fee is £0.
- bunq, if you would rather hold a euro account with an annual fee of €0 on the card.
- Varo Believe Secured Credit Card, if a secured card with an annual fee of $0 is the better fit.
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.
Current offers
ICICI Bank
Current offer
Bonus
Sapphiro Credit Card welcome vouchers: Vouchers worth over INR 13,000
Upon payment of the joining fee of INR 6,500 + GST; vouchers worth INR 3,000 from Tata CLiQ, INR 4,000 from EaseMyTrip, INR 5,000 from Da Milano, INR 1,500 from Croma and an EazyDiner Prime Membership worth INR 1,095; issued within 45 business days
Source, checked September 26, 2026
Discount code
BookMyShow buy one get one movie offer on Sapphiro Credit Card: Up to INR 500 off the second ticket
From Apr 1, 2026 requires spending INR 25,000 or more on the Sapphiro Credit Card in the preceding spends quarter; one movie offer per month per card variant for dual-network cards
Source, checked September 26, 2026
Bonus
Sapphiro Credit Card milestone reward points: 4,000 reward points on INR 4 lakh annual spend, plus 2,000 points per additional INR 1 lakh, up to 20,000 points
Awarded in an anniversary year on qualifying annual spend
Source, checked September 26, 2026
Country by country
| Country | ICICI Bank | Lendela |
|---|---|---|
| Hong Kong | No | Yes |
| India | Yes | No |
| Singapore | No | Yes |
Questions about each
ICICI Bank
What does the card cost to hold each year?+
The annual fee on the card is INR 3,500, which sits above cards that charge nothing. Foreign currency transactions add a conversion fee of 3.5% on top. It is a credit card, so balances are meant to be cleared in full rather than carried.
What rewards does the card pay?+
Rewards come as points, earning more on international spend than on domestic, utility and insurance purchases. The credit card also carries welcome vouchers with travel, dining and retail partners, lounge visits, golf rounds, a round the clock concierge service, air accident cover and a fuel surcharge waiver.
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.
Other options to compare
Other matchups
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- ICICI Bank vs Creduma ES
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