Updated September 28, 2026 · SumCue Editorial Team
Lendela vs Sofkredit
Lendela
Sofkredit
Higher score in this comparison
Where Lendela and Sofkredit differ
| Compare | LendelaReviewVisitVisit | SofkreditReviewVisitVisit |
|---|---|---|
| APR | up to 48% | 10.74% to 18.06% |
| Loan amount | SGD 1,000 to SGD 200,000 | €12,000 to €300,000 |
| Term | 3 to 72 months | 6 to 240 monthsHigher |
| Arrangement fee | SGD 0 | 6% to 9% of the loan; on a 15,000 EUR mortgage-guaranteed loan the commission is 900 EUR minimum and 1,350 EUR maximum, charged by the collaborating lender; Sofkredit's own service costs the user nothing |
| Credit check | None | Soft prequal |
| Funding time | Around 1-2 days from application to disbursement; some within hours | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly |
| Representative example | Personal loan: $20,000 at APR 6.95% over 5 years, total payable $26,940, monthly cost $449 | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR |
| 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 | Natural or legal persons of legal age (+18) with Spanish nationality or residence, holder of a bank account; for mortgage-guaranteed loans a property must be owned, free of charges or with at least 70% of the mortgage repaid |
| Loan types | Personal, Debt consolidation, Business, Secured, StudentCovers more | Secured, Debt consolidation, Business |
| Credit needed | Fair | Poor |
| Origination fee (%) | Not confirmed | 6% to 9% |
Same on both: Use cases (Home improvement).
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Key differences
- Sofkredit scores higher overall: 8.7 vs 8.5.
- Sofkredit is available in 1 more country.
- Term is higher at Sofkredit: 6 to 240 months vs 3 to 72 months.
- Features: only Lendela offers Credit line.
- Loan types: only Lendela offers Personal, Student.
Our verdict on each
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.
Sofkredit
Sofkredit suits Spanish adults who want a substantial secured, consolidation, business or mortgage-guaranteed loan placed with a specialist lender. The published APR is 10.74% to 18.06% and a collaborating lender adds a commission, so the total repayable matters more than the headline rate.
Score breakdown
| Area | Lendela | Sofkredit |
|---|---|---|
| Cost | Not confirmed | 8.6 |
| Offer | 9.0marketplace lending, fair credit record and none credit check, so offers come with light entry conditions. | 9.4HigherAmounts of €12,000 to €300,000 at an APR of 10.74% to 18.06%, with secured, consolidation, business and mortgage-guaranteed lending and same-day funding. |
| Trust | 8.2 | 8.5Higher |
What each covers
| Loan types | Lendela | Sofkredit |
|---|---|---|
| Personal | Yes | No |
| Debt consolidation | Yes | Yes |
| Secured | Yes | Yes |
| Business | Yes | Yes |
| Student | Yes | No |
| Use cases | Lendela | Sofkredit |
|---|---|---|
| Home improvement | Yes | Yes |
From lowest to highest
| Fact | Lendela | Sofkredit |
|---|---|---|
| APR | up to 48% | 10.74% to 18.06% |
| Term | 3 to 72 months | 6 to 240 months |
Where they rank in our lists
| Ranking | Lendela | Sofkredit |
|---|---|---|
| Loans | 79 of 2043 | 4 of 2043 |
| Mortgages | 6 of 853 | 1 of 853 |
A third option
Banco Nacional de Panama has term at 120 to 300 months, against 3 to 72 months for Lendela and 6 to 240 months for Sofkredit.
Banco Nacional de Panama reviewSources behind this comparison
Lendela
- sg.lendela.com: 16 facts, checked September 26, 2026
- hk.lendela.com: 1 fact, checked September 26, 2026
Sofkredit
- sofkredit.com: 17 facts, checked September 26, 2026
Every fact side by side
| Fact | Lendela | Sofkredit |
|---|---|---|
| Features | Same day funding, Credit lineCovers more | Same day funding |
| Legal entity | Lendela Pte. Ltd. | Kova Finance, S.L. |
| Headquarters | Singapore | Spain |
| Founded | 2018 | Not confirmed |
| Support channels | Email, Phone, Help centre | Email, Phone, Help centre |
Mortgages
| Fact | Lendela | Sofkredit |
|---|---|---|
| Initial rate | 2.4%Lower | 8% to 14% |
| APRC | Not confirmed | 10.74% to 18.06% |
| Fixed period | Not confirmed | 0.5 to 20 years |
| Maximum loan to value | Not confirmed | 30% |
| Product fee | SGD 0 | €900 to €1,350 |
| Purpose | Purchase, Remortgage | Home equity, Remortgage |
Where each stands against the rest
| Fact | Lendela | Sofkredit | Median |
|---|---|---|---|
| APR | up to 48%highest quarter | 10.74% to 18.06%above the median | 9.99 |
| Term | 3 to 72 monthsabove the median | 6 to 240 monthshighest quarter | 60 |
| Origination fee (%) | Not confirmed | 6% to 9%highest quarter | 0 |
Median across 1096 listed providers.
Pros and cons
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.
Sofkredit
Pros
- Loan amounts of €12,000 to €300,000 suit secured borrowing, debt consolidation and business finance.
- Sofkredit adds no charge of its own, while the 6% to 9% arrangement fee on mortgage-guaranteed loans is set by the collaborating lender.
- A soft prequalification check under soft prequal is gentler on a credit file than a full search.
Cons
- The collaborating lender charges an arrangement fee of 6% to 9% of the loan on top of the interest rate.
- The top of the 10.74% to 18.06% range compares with a site median of 15.5%, so the dearest outcome sits well above the middle of the market.
- Sofkredit works as a broker under broker, so the lender and the final terms sit elsewhere.
Who each suits
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.
Sofkredit
Who it suits
- Adults in Spain who hold Spanish nationality or residence and a bank account, and need a secured loan.
- Borrowers consolidating debt who want to start with a soft prequalification through soft prequal.
- Homeowners planning home equity or a remortgage under home equity and remortgage.
Who should look elsewhere
- Applicants outside Spain, since eligibility rests on Spanish nationality or residence and a bank account, while Cashspace at PHP 12 to PHP 36 serves another market.
- Borrowers who want the lowest headline cost, who should weigh Solcredito MX at 9.5% to 3,696% and Cashspace at PHP 12 to PHP 36 before settling.
- Anyone expecting a direct lender or a small sum, since Sofkredit works as a broker under broker and publishes amounts of €12,000 to €300,000.
Country by country
| Country | Lendela | Sofkredit |
|---|---|---|
| France | No | Yes |
| Hong Kong | Yes | No |
| Italy | No | Yes |
| Singapore | Yes | No |
| Spain | No | Yes |
Questions about each
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.
Sofkredit
What fees do I pay through Sofkredit?+
Sofkredit adds no charge of its own. The arrangement fee of 6% to 9% of the loan is charged by the collaborating lender on mortgage-guaranteed loans, and the first example given is a €900 to €1,350 commission. Anyone budgeting here should add that commission to the interest, since it sits on top of the rate rather than inside it.
What rate and total cost should I expect?+
The published APR is 10.74% to 18.06%, and the representative example puts a real figure on repayment: a loan repaid over several years costs more in total than the amount drawn down. The rate offered sits inside that range, while the total repayable depends on the term and on the collaborating lender's fee.