Updated May 14, 2025
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Terms & Conditions
Max. Loan Amount (Singaporeans)
Max. Loan Amount (Foreigners)
Monthly Interest Rate
Today’s moneylender interest rate trends in Singapore – As of Wednesday, May 14th, 2025, moneylenders in Singapore are charging an average monthly interest rate of 3.78%
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.
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.
| Moneylender | Max. Loan Amount (Singaporeans) |
Max. Loan Amount (Foreigners) |
Monthly Interest Rate | Google Reviews | ROSHI Approved
|
|---|---|---|---|---|---|
| Best Licensed Moneylender | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 |  |
| Orange Credit | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | |
| 1 2 Lend | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | |
| EZ Loan | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | |
| 1 Fullerton Credit | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | |
| 1st Credit SG | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | |
| 365 Credit Solutions | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | |
| Quick Credit | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | |
| Raffles Credit | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | |
| 1 Cash | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 | Close More Moneylenders |
*Today's Moneylenders Rates - 14 May 2025
To submit a loan application on Lendela, you must:
Start your loan application journey with our quick online application multistep form — it takes just 30
seconds to complete. Our advanced technology and expert loan specialists work together to match you with
suitable options on our platform
Provide the necessary documents: your last 3 pay slips, a credit report from CBS or MLCB, and your IC/FIN
details. Upload these files through your dashboard or email them to [email protected]
Our dedicated customer success team will carefully examine your application, contacting you if any
additional information is required. Once we’ve verified your details, we’ll begin the process of matching
you with appropriate lenders and loan options.
Compare loan offers in real-time through your application dashboard. Our customer success team is available
to discuss loan details.
After you’ve selected a loan option, we’ll assist in arranging an appointment with the chosen moneylender.
Note that for moneylender options, assessment and disbursement must be completed in person at their branch.
Once you’ve agreed on the loan terms and signed the contract, you’ll receive a copy of the agreement. This
document will outline your monthly payment schedule. Your funds will then be disbursed either in cash or via
bank transfer.
Receive various loan offers from different lenders.
Receive recommendations on loans that are specific to your situation.
Examine side-by-side loan options to make the best choice.
Offers are made within a day of online application submission.
Transparent and open fee schedule.
Value Champion
