Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

Lendela review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

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.

Key facts

Best for
A personal loan in Singapore with no credit check and an origination fee of SGD 0.
APR
up to 48%↗
Loan amount
SGD 1,000 to SGD 200,000↗
Term
3 to 72 months↗
Arrangement fee
SGD 0↗
Credit check
None↗
Funding time
Around 1-2 days from application to disbursement; some within hours↗
Representative example
Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449↗
Lender type
Marketplace↗
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↗
Loan types
Personal, Debt-consolidation, Business, Secured, Student↗
Credit needed
Fair↗
Use cases
Home-improvement↗
Legal entity
Lendela Pte. Ltd.↗
Headquarters
Singapore↗
Founded
2018↗
Support channels
Email, Phone, Help-centre↗
Features
Same-day funding, Credit line
Official website
lendela.com

Mortgages

Initial rate
2.4%↗
Product fee
SGD 0↗
Purpose
Purchase, Remortgage↗

Facts checked September 26, 2026, 4 sources

Apps and profiles

Elsewhere
LinkedIn

Pros and cons

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.
  • Support by email, phone and help centre, including phone and email.

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.
Lendela

Ready to try Lendela?

Scored 8.5 / 10 by SumCue.

Visit

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.

Deposit protection

Lendela is a marketplace, so the lender behind your offer sets the rate and the terms you sign. The representative example gives the clearest guide to the real cost: line the total repayable and the monthly instalment there up against the figures on your own offer before you accept anything.

How Lendela compares

Where Lendela is available

Available
Hong Kong, Singapore

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

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.

Is there a credit check?+

No credit check is applied and a fair credit record is enough for the market to price you. Entry that easy is rare, since only 4.9% of the lenders in this category run with no check at all.

What fees do I pay?+

The origination fee on personal loans is SGD 0, and the mortgage product fee is SGD 0, so both start without a setup charge. Interest is the real cost, and that is where the rate you are offered matters most.

How quickly do I get the money?+

Funding runs from application to disbursement in a matter of days, and some applicants are paid within hours. Features same day funding and credit line are listed, so a fast payout is possible rather than guaranteed, and a credit line lets you draw only what you need.

What can I use the loan for?+

Lendela lends for personal, debt consolidation and business, and home improvement is a stated use. Debt consolidation is common, letting several existing balances sit under a single repayment, while business and student borrowing sit alongside the personal product.

Who can apply?+

Applicants need a minimum age, Singapore citizenship or permanent residency, and a minimum annual income. Foreigners are considered too, though they face a higher income threshold. Lendela is based in Singapore and lends to that market rather than abroad.

How do I get help?+

Support runs on email, phone and help centre, so a phone call, an email or the help centre will get you an answer. There is no live chat on that list, which matters if you are trying to sort something out while an application is in flight.

Can I get a mortgage through Lendela?+

Lendela also handles property lending for purchase and remortgage, at an initial rate of 2.4% and a product fee of SGD 0. Mortgage pricing holds for a fixed period, so ask for the length of that period and the rate that applies once it ends.

Who is behind Lendela?+

Lendela is operated by Lendela Pte. Ltd. and has been running since 2018. It works as a marketplace, so the lender named on your offer, not Lendela, is the party you repay each month.

Sources

  • hk.lendela.com/en/personal-loan checked September 26, 2026

    Backs: Features

    “Choose the option that fits your repayment and get funded as fast as one day ... personal borrowing options include unsecured personal loans, tax loans, credit lines”

  • sg.lendela.com checked September 26, 2026

    Backs: Credit check, Credit needed, Eligibility, Founded, Headquarters, Legal entity, Lender type, Loan types, Support channels

    “Lendela does not perform credit checks”

  • sg.lendela.com/compare-personal-loans checked September 26, 2026

    Backs: Loan amount, APR, Arrangement fee, Representative example, Term

    “I want to borrow $1,000 $200,000”

  • sg.lendela.com/mortgage checked September 26, 2026

    Backs: Initial rate, Product fee, Purpose

    “New Purchase (Completed) - Fixed rate from 2.40%; Refinancing - Fixed rate from 2.40%”

  • sg.lendela.com/personal-loan checked September 26, 2026

    Backs: Funding time, Use cases

    “the typical timeline from application to disbursement is around 1-2 days even though some applicants receive their money within hours”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Related by the facts

Lendela

Lendela

A personal loan in Singapore with no credit check and an origination fee of SGD 0.

8.5/10Visit