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Lendela Review

Lendela
(Product Review)

By Dawn Chew Lendela Review

Updated January 1, 2026

The product information in the comparison table is updated daily. We also update the news, consumer information and market insights on this page regularly.

0.25 - 4%

Monthly Interest Rate

Cashback Rewards

Price Beat Guarantee

Varies
  • Monthly repayment shown uses an indicative rate of 3.92% per month. Depending on your lender, actual rates may range from 0.25-4% per month.

    • Processing Fee

    Up to 6x

    Monthly Income

    $288.67
  • Monthly repayment shown uses an indicative rate of 3.92% per month. Depending on your lender, actual rates may range from 0.25-4% per month.

    • Monthly Repayment

    Apply Now

    Current Moneylender Interest Rate Trends

    Today’s moneylender interest rate trends in Singapore – As of Thursday, January 1st, 2026, moneylenders in Singapore are charging an average monthly interest rate of 3.90%

    Product Review

    Lendela is a Singapore-based loan matchmaking platform that connects borrowers with multiple lenders, hence streamlining the loan application process. Consumers can evaluate and choose the best offer from its assortment of personalised loan options. Lendela has an intuitive user interface facilitates a quick and easy loan application process.

    The platform also provides a valuable service for individuals who may not qualify for traditional bank loans. The platform enables these borrowers to compare rates from reputable licensed moneylenders.

    Compare Loan Offers
    from 20+ Lenders
    Up to 1% Cashback*
    $20 Grocery Voucher*
    Quick 5 Minutes Approval

    $1,000

    $200,000

    3 Months

    72 Months

    Total Cashback

    10

    Your monthly payment

    337

    Rate Disclaimer*

    *Based on a $20,000 loan at 6.95% APR over 5 years, read more

    Additionally, Lendela delivers customised loan offers based on each user’s unique financial profile, guaranteeing that clients receive the best conditions. Furthermore, Lendela’s openness and absence of hidden costs offer borrowers comfort.

    Relevant Google Reviews

    While Lendela is a reputable loan matching platform with many positive reviews, there have also been negative experiences using the platform. Below is a snapshot of some real customer reviews from their Google page.

    Google Review Icon
    4.9
    fill fill fill fill fill
    MA GON
    fill empty empty empty empty
    "Fantastic scam. Sold all my information and in return they showed few bank's logos which required me to download their app or sing up for an account.
    There is zero service nor value, just scamming for personal data."
    弓修诚
    fill empty empty empty empty
    "There is around 5 banks in Singapore that can give you a loan. This service will just scam your data and show you the bank main page. Share nothing. There is zero value in this website. Go to bank directly. 5 websites and you are done, without anyone taking your ID."
    Shaz Meera
    fill empty empty empty empty
    "I got scammed by this lendela link even i have checked all before hand and in Google its says 100 legal to use lendela but still gt scammed."
    Timothy Low
    fill empty empty empty empty
    "Scam.
    Their 4.9* rating is bought. Just a cursory glance at the 5* reviews will tell you that they're mostly bots.
    Loan deals offerered by Lendela aren't any better than going direct to the FIs.
    Also, they keep spamming me with their lousy deals, with no apparent way to opt out.
    Disgusting."
    Alif Ismail
    fill empty empty empty empty
    "Pre approved loan via app was 10k. And i have to travel all the way down to one of their partner loan centre to furnished all my documents and particular. In the end only approved 3k. Waste my journey, my fuel and my time."
    Sarah Chen
    fill empty empty empty empty
    "Waste of time. They promise to match you with lenders but all they do is collect your personal information and spam you with emails. Never got a single legitimate loan offer."
    Raj Kumar
    fill empty empty empty empty
    "Very disappointed. The rates they advertised were much lower than what the actual banks offered me. Feels like a bait and switch tactic to get your data."

    List of Licensed Moneylenders in Singapore (January 2026)

    All moneylenders listed below are authorised to operate legally in Singapore under the Moneylenders Act. They adhere to strict regulations set by the Ministry of Law including caps on interest rates, fees and ethical lending practices. Always verify a moneylender's license on the Ministry of Law's official website before proceeding with any loan application.

    Loan amount must be between 500 and 100,000.
    Tenure must be between 1 and 60 months.
    All
    All
    ROSHI Approved
    Low to High
    Low to High
    High to Low
    Valuemax
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.6  
    $1,060.58
    Check Eligibility
    Credit Assist
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Fast Money
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.5  
    $1,060.58
    Check Eligibility
    Lending Bee
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    JD Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    1st Capital
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.7  
    $1,060.58
    Check Eligibility
    ​Fortune Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Advance Cash Credit
    Address
    3%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,004.62
    Check Eligibility
    RM Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    OT Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Show All Lenders

    *Today's Moneylenders Rates - 1 January 2026

    Lendela Application Requirements

    To submit a loan application on Lendela, you must:

    • Have a residence in Singapore
    • Have attained the age of 21.
    • Own a current Foreign ID(FIN) or NRIC for Singaporeans
    • Present evidence of your income, such as tax records, CPF statements, or paychecks.

    Relevant Lendela Insights

    While Lendela is a reputable loan matching platform with many positive reviews there are have also been negative experiences using the platform below a snapshot of some real customer reviews from their .

    img
    What is a Lendela Loan?
    img
    Lendela vs Other Platforms
    img
    Is Lendela Safe?

    Community Discussions on Lendela

    While many users find Lendela’s loan application process straightforward, some have raised questions online about how their personal details are used and safeguarded. Below are real user discussions highlighting these concerns.

    Got a call from “Lendela”, but idk how they got my info. What steps do I take to safeguard my personal details?
    byu/draft_v3-final inaskSingapore

    PROMOTIONS

    APPLICATION PROCESS

    • Receive Offers

      Lendela forwards your application to multiple banks and licensed moneylenders. You will then receive personalised loan offers from these providers.

    • Compare Offers

      Review and compare the different loan options, considering interest rates, repayment terms and other conditions to find the one that suits you best.

    • Select and Sign

      After choosing your preferred loan offer, schedule an appointment with the selected lender to sign the loan agreement or complete online if bank offer selected.

    • Loan Disbursement

      Compare loan offers in real-time through your application dashboard. Our customer success team is available
      to discuss loan details.

    • Loan Disbursement

      Once the agreement is signed, the lender will release the funds directly to your account.

    Lendela Highlights

    • Multiple Loan Offers

      Receive various loan offers from different lenders.

    • Customised Service

      Receive recommendations on loans that are specific to your situation.

    • Simple Comparison

      Examine side-by-side loan options to make the best choice.

    • Quick and Convenient

      Offers are made within a day of online application submission.

    • No Unexpected Charges

      Transparent and open fee schedule.

    Frequently Asked Questions

    How is Lendela operated?

    Lendela offers a range of loan choices based on your financial profile by partnering with several lenders.

    What are the types of loans can I apply for through Lendela?

    Various types of loans include personal loans, renovation loans, and debt consolidation loans.

    Is it free to use Lendela?

    Yes, borrowers are not charged for this service. Lenders pay Lendela a commission after approving a loan.

    How long does it take to receive loan offers?

    Loan offers are generally received within 24 hours after submitting your application.

    What documents do I need to apply for a loan?

    You’ll need your Singapore / PR NRIC or Foreign Identification Card (FIN), proof of income (payslips, CPF statements, or tax returns), and any additional documents the lender requires.

    Can I apply for a loan if I have a low credit score?

    Yes, Lendela works with multiple lenders, some of which may offer loan options for individuals with low credit scores. The company evaluates each application on a case-by-case basis.

    EXTERNAL REVIEWS

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