COMPARE PERSONAL LOANS WITH LENDELA

  • Receive multiple, personalised loan offers
  • Apply, compare & choose online for free
  • 5/5 ⭐️ rating on Google Reviews

START HERE...

Loan Amount
$
-
+
$1,000
$200,000

Tenure
-
+
3
72

Your monthly payment

$505

SELECTED PARTNERS
DBS
POSB
HSBC
SCB
UOB
Citibank
SingPass
Singapore Fintech Association
Carousell

40,000 loan applications yearly!

Find out what our great customers have to say about Lendela.

Kassim Ismail
Kassim Ismail
7 months ago
Very good thanks lendela👍
Danial Memel
Danial Memel
8 months ago
Quick, friendly staff that is willing to answer any questions, felt like we are their priority.. good job!
Rohaizat
Rohaizat
8 months ago
Simply Wow!Tip top service! Professionalism at its best.No more stress! I would certainly recommend to my friends...
Ivan Yeo
Ivan Yeo
8 months ago
Very efficient and good in recommendations.
June Tew
June Tew
8 months ago
The staff at the company was great help. They made the process easy. Lenleda staff also did a close follow up.
L'ollonais Dani
L'ollonais Dani
9 months ago
Fast and reliable!
Krait
Krait
9 months ago
Was sceptical initially but officer wani was helpful in helping me getting a debt consolidation loan to clear off...
Muhammad Sofie Abu Bakar
Muhammad Sofie Abu Bakar
10 months ago
Thumbs up to this company and also for the excellent customer service from Fadilah! She went to the extra miles to ...
Nuur Syuhan
Nuur Syuhan
10 months ago
Wani has been a great help for me since day 1 and she even went on her extra mile to help seek to my most...
Kevin Phua
Kevin Phua
10 months ago
Super good, very efficient. Very happy
Gavri'el Asher Ong
Gavri'el Asher Ong
10 months ago
If u are looking for a loan offers, Lendela is the app to go to because it cosolidates all the offer given to you...
Diego Sayas-Tolentino
Diego Sayas-Tolentino
11 months ago
Great service in comparing loans. Efficient, fast and friendly. More power to the borrower. :) Shout out to...
Khai Hsing Ng
Khai Hsing Ng
11 months ago
Friendly and helpful
Muizudeen Mohammad
Muizudeen Mohammad
11 months ago
Very professional, smooth transaction and less waiting time.
Mohd Husni Hamidi
Mohd Husni Hamidi
11 months ago
Good Service by Lendela.Find the suitable solution for emergency need.Assist by experienced staff Fadilah. Very...
dollies 21
dollies 21
11 months ago
Friendly,safe and hassle free... thanks to Fadilah nice service and very detail. And thank you Lendela team highly ...
Lyna Nazri
Lyna Nazri
11 months ago
Accurate info. Fast approval. Very friendly customer service. Will use Lendela again and recommend to my friends.
xPyy GT
xPyy GT
11 months ago
Very Helpful.. Help me get the loan i wanted within a day. very fast and efficient. staff were polite too. very...
Marie Erucelle Rodriguez
Marie Erucelle Rodriguez
1 year ago
They will really find the best loan company for u and let you get the amount u need..
Nur Azhar Osman
Nur Azhar Osman
1 year ago
When in need of loan, look for lendela! Reliable and trustworthy company. They will eventually look for company to ...
Mohamed Alfiean Bin Ali
Mohamed Alfiean Bin Ali
1 year ago
Thanks Wani for the great help
Zheng Zhong Ren
Zheng Zhong Ren
1 year ago
Very accurate description. I had my loan of 2.5K obtained quickly as described. Very friendly customer service....
Stephen Low
Stephen Low
1 year ago
Professional service , helpful , friendly and responsive. Service recommended
AJ Tan
AJ Tan
1 year ago
Friendly and helpful in their recommendations and proper guidance.
Suffian Synyster
Suffian Synyster
1 year ago
Great experience with Lendela, super efficient with the services. Thanks for helping Ms Wani...
Muhd Amirul
Muhd Amirul
1 year ago
Excellent customer service. No pressure was enforced in taking up a loan and was really impressed with their...
Mathan BioMech
Mathan BioMech
1 year ago
Very helpful with what I'm looking for.
Chirag Goel
Chirag Goel
1 year ago
Good Service!
Mohamed Fadhil
Mohamed Fadhil
1 year ago
Great experience with them, super efficient and kudos to Ms Fadilah for being such a great help! Thumbs up!!
Max Yuan
Max Yuan
1 year ago
Good follow up by them even took the extra mile to assist us even we feel there is not much hope thanks!
Witawat Choo
Witawat Choo
1 year ago
Had made two loans through Lendela. Website is easy to use and straightforward. After accepting loan offer, the...
fiewan ejal
fiewan ejal
1 year ago
Fadilah was very remindful and has help me in choosing which loan offer to choose from. Kudos to her and lendela....
Jeffrey Yeo
Jeffrey Yeo
1 year ago
Good and friendly response. ❤️
Jas Nora
Jas Nora
1 year ago
Such a hospitably and a family friendly staff.. Psst.. can i join you guys..☝️👍
Adam Mikhael
Adam Mikhael
1 year ago
I had a great experiences while looking for financial assistant and was helped by your staff, Fadilah. She helped...
alicia jo
alicia jo
1 year ago
Loan was efficient and convenient
Khairul Ismail
Khairul Ismail
1 year ago
Awesome platform. Thank you
Artalex . Me
Artalex . Me
1 year ago
It's very convenient to use. It searches possible loan offers as much as it can for you (within a few hours). Then ...
Ahrul Candy
Ahrul Candy
1 year ago
great customer service and a reliable source to help you find a good and flexible loan .
Farid Zin
Farid Zin
1 year ago
Fast and efficient. Pleasant transaction.
Muhammad Amiruddin Said
Muhammad Amiruddin Said
1 year ago
Was kinda skeptical abt it but it was a smooth journey from the start till the end; from me asking them questions...
Ganesh Parveenth
Ganesh Parveenth
1 year ago
Very satisfied with their service. Very Friendly and understanding. Definitely recommended 👌🏾
Jaja S
Jaja S
1 year ago
from the time u submit your application, you will receive at least 3 offers within the next few hrs and the offers ...
Zel Zel UWU
Zel Zel UWU
1 year ago
they were really fast and efficient to provide the necessary help that i was seeking for :)! excellent
Afiq Bourne
Afiq Bourne
1 year ago
Wani is professional and a great asistance in answering any queries. She also follow up on client's approval.
Amin 1908
Amin 1908
1 year ago
Best assistance ever.....
abdul aziz mohd
abdul aziz mohd
1 year ago
Staff is very friendly and very helpful too. Explain eveything in detail about the loan to borrower. Two thumbs...
Hidayah Idros
Hidayah Idros
1 year ago
Efficient and helpful staff, Wani. Never fail to update and assist on my enquiries. Trusted and reliable broker....
Diyana Mohamed
Diyana Mohamed
1 year ago
Very prompt service from Vienoth who was friendly and answered all my queries. Quick process and excellent...
Mohamed Ramadhan
Mohamed Ramadhan
1 year ago
Great service rendered and their choices of recommended company is very good.
Zhi Xiang Low
Zhi Xiang Low
1 year ago
Extremely helpful and great patience by Wani, as it was my first time getting a loan, she guided me throughout the ...
KVR DRAGONFISH
KVR DRAGONFISH
1 year ago
The agent was able to offer me a loan real fast and I got thr loan as well. Great service!/
Jay Ho
Jay Ho
1 year ago
Great service from start till end. I had a short time frame to source for a loan. Rather than pushing to close the ...
Jason Thng
Jason Thng
1 year ago
Very friendly staff. Excellent customer service. Was able to find me a loan that I am comfortable to pay off with...
Julie
Julie
1 year ago
Fadilah, Thank you so much for your hospitality in keep following up for me and immediate replies keep up your...
nabilul fikri
nabilul fikri
1 year ago
D and help me out to The Times I need the money and try to solve from the point when the new I can help me I...
Haizel Nur
Haizel Nur
1 year ago
Their service was super solid and their staff go out of their way to help. I love you wani!! 😆😆😆
zul Ahmad
zul Ahmad
1 year ago
Very friendly staff help to sources around for the best finance company..Good job n well done
Yvette Yin
Yvette Yin
1 year ago
Very friendly staff. Excellent customer service. Was able to find me a loan. Just need to attach all the required...
Joybo Banana
Joybo Banana
1 year ago
At first ,it might look like a scam website. So I gave my shot to try out and realized it's actually not.For those ...
Chng Kee Chin
Chng Kee Chin
1 year ago
Quick and fast response. Efficient in expediting the approval of the loan :)
Jade Yati
Jade Yati
1 year ago
Lauren has assisted me on my loan, He is so helpful. I eventually gotten a loan with Lendela Help. Thank alot...
Amirul hakim Mohammad
Amirul hakim Mohammad
1 year ago
Everything went smoothly
Zainul Chia
Zainul Chia
1 year ago
Absolutely amazing, help in alot of ways. Very recommended
Junwen Ong
Junwen Ong
1 year ago
A place for you to find the right loan that you need.
Sharen Raj
Sharen Raj
1 year ago
It was a great experience for me..the service Fadilah served was really impressive!! Good deal and perfect for...
papa yoss
papa yoss
1 year ago
very Friendly stuff , good service & helpful in loan .. thank you so much Fadilah !!🙏👍😊
Hock Min Ng
Hock Min Ng
1 year ago
(Translated by Google) Thank you Lendela Pre. Ltd for this platform, thank you Lauren for your help, ...
joshua henry
joshua henry
1 year ago
Lendela helped me find a good and legit company to get a loan. Lauren assisted me. She is so helpful with me, the...
Mohdsham Kan
Mohdsham Kan
1 year ago
Verry powerfull customer service Trust me they did a great job I give lendela pte Ltd 7 star service Can...
Cheng Chaisoon
Cheng Chaisoon
1 year ago
I have been searching for a right place to solve my money problem....found lendela on the Internet...Lauren was...
Mad Ness
Mad Ness
1 year ago
Lauren provide a great service for LENDELA! definitely worth your time
Gopinath Pillai
Gopinath Pillai
1 year ago
Wani of Lendela was extremely professional and very helpful. She went out of her way to assist me
Chen Zhenxiang
Chen Zhenxiang
1 year ago
For the amount of loan and repayment requested it was hard to find any company that's willing to lend....
Ami Vynes Lee
Ami Vynes Lee
1 year ago
I was assigned by Fadilah from Lendela to assist on my loan. She called me and start with a welcoming greeting,...
Abdul Faizal
Abdul Faizal
1 year ago
Ease of applications and approval. Thank you for facilitating the loan.
Nurfitrah Sanchez
Nurfitrah Sanchez
1 year ago
Wani has helped me efficiently! I was able to secure a loan fast and well detailed. Appreciate it alot.👍
Zac Haris
Zac Haris
1 year ago
Lauren has been a great help and she follow through with me until I successfully get the loan i im looking for....
ganesh jajanadan
ganesh jajanadan
1 year ago
Lendela staff *LAUREN* whom assisted me to secure a loan Thumbs Up to you for ur Professionalism. You went through ...
Sutrisni Norazmi
Sutrisni Norazmi
1 year ago
Thank you Lendela! Ur help is vvv much appreciated. My loan is approved within 30minutes! So relieved! Thank you...
James starshire
James starshire
1 year ago
Cool team, awesome platform. Person who helped me was super friendly and super efficient. Got a loan within the day
Dean Junior
Dean Junior
1 year ago
I felt relieved and glad that my loans were approved by the Company and even Lendela staff Miss Fadilah went a...
Zie Mohd
Zie Mohd
1 year ago
Thanks Wani for follow up till to the end. Overall process was smooth and make feel much better. Thanks a loads!...
Kiza Kiza
Kiza Kiza
1 year ago
Thanks Wani for following up and the response was super efficient. Everthing went smooth. Thanks a loads!...
Yus Shinoda
Yus Shinoda
1 year ago
Everything is easy with Lendela, the loan offers was surprisingly quick for a first time experience. Lauren was so ...
Aisyah Aila Varisha
Aisyah Aila Varisha
1 year ago
Tks fadilah for ur kindness and helping me to located the area hv a good work & patient.. keep it up.. cheers 🥂
Stephen Chua
Stephen Chua
1 year ago
Meticulous service with timely follow-up.
Zara S.
Zara S.
1 year ago
Hassle and fuss-free. Fadilah was very patient to assist me in applying and clarifying my queries. It was a fast...
Hans Ahmad
Hans Ahmad
1 year ago
Good service and very helpful... Thank you so much.
Nazruddin Sanchez
Nazruddin Sanchez
1 year ago
Really appreciate the help given by Fadilah. Thanks to her I was able to secure a loan fast and easy. Very...
Ruhaizat Yazid
Ruhaizat Yazid
1 year ago
Great service.. Lendela really supported me when im really in need. Thanks guys
Mohd Loqman
Mohd Loqman
1 year ago
(Translated by Google) ʟᴇɴᴅᴇʟᴀ ɪs ɢᴏᴏᴅ ᴘʟᴀᴄᴇ ᴛᴏ ᴇɴǫᴜɪʀᴇ ᴀʙᴏᴜᴛ...
Faythz Fiztroy
Faythz Fiztroy
1 year ago
Awesome and friendly customer service , fast and efficient transaction, clear explanation and advise on product...
Wesley Hii
Wesley Hii
1 year ago
Really hassle free and smooth transaction. Enquired personal loan in and got my cash 💰 in the afternoon, whole ...
Kelly Khoo
Kelly Khoo
1 year ago
Highly recommended for their service! Amazing patience and detailed follow up! Kudos to Fadilah! Really appreciate ...
Muhsin Nuruddin
Muhsin Nuruddin
1 year ago
A place where you need help financially and with flexibility to commit . They will do the search for you! And...
Azimkhan Khanazim
Azimkhan Khanazim
1 year ago
I got my loan approved within the same day..n for that i would like to expressed my thanks to Fadilah from lendela ...
Muhd Rian
Muhd Rian
1 year ago
Great experience. Fadilah delivered a great service. Really helping me out and sort for me the loan i needed. The...
Stanley Y
Stanley Y
1 year ago
Applied online and service was great. Staff named Wani attended to me through whatsapp and followup was great,...
Jack Wong
Jack Wong
1 year ago
I am grateful to Lendela Kindness and great help. Staff Miss Wani was very helpful, patience, kind, polite, and...
Dylan Lai
Dylan Lai
2 years ago
fast response
Haneyy Joslin
Haneyy Joslin
2 years ago
Thank you lendela for this opportunity! Biggest thank you to Wani for helping me throughout the process!
Ariel Joyce Kho
Ariel Joyce Kho
2 years ago
Ben is really helpful and patient as he suggested the best loan for my situation with the most reasonable...
Yong Wee Necro Lee
Yong Wee Necro Lee
2 years ago
Superb helpful and efficient service from Ben. Strongly recommend to those who in need of financial help :)
Fi Ryan
Fi Ryan
2 years ago
Thank you lendela for giving me an opportunity to have a quick loan in my desperate time , thank you mr ben for...
JCM
JCM
2 years ago
Very friendly staff. Excellent customer service. Was able to find me a loan that I am comfortable to pay off with...
Chew Clover
Chew Clover
2 years ago
Ben is friendly, helpful and informative. Really appreciate for his help! :)
Rahmat Rizzuandi
Rahmat Rizzuandi
2 years ago
Awesome service and honest staff!
AJF Writes
AJF Writes
2 years ago
I found my experience with Lendela efficient and professional. Would also like to commend a staff by the name of...
Timothy Marc
Timothy Marc
2 years ago
Danny is really helpful and was patient answering all my questions and helped !me get a food deal. Greatly...
Soler X2
Soler X2
2 years ago
First of al l ,i will like to thanks Danny From Lendela , for providing me options for my loan and the loan went...
15Y6C23 THNG JING XIONG
15Y6C23 THNG JING XIONG
2 years ago
Very useful platform to search for the best loan based on your eligibility. They r very helpful and accommodate to ...
Muhammad Fauzi
Muhammad Fauzi
2 years ago
Fast processing! Affordable interest rate .. highly recommend!
Muhd Hanif
Muhd Hanif
2 years ago
Was assisted by Lendela and everything went smoothly without any hassle. With the right guidance and patient, i...
Inul Jariah
Inul Jariah
2 years ago
I was assisted by Ben. He is very efficient and give advise perfectly. I got my loan approved smoothly.. I am...
kinetic candy
kinetic candy
2 years ago
Ben was nice and patient in making sure everything went smoothly. Thank you so much for your help! Appreciate it.
AizTheJoker HaHaahaaha
AizTheJoker HaHaahaaha
2 years ago
True great experience, really help me alot, Danny from Lendela when the extra mile to explain,assist & guide the...
fadly sven
fadly sven
2 years ago
the swift replies..the prompt responses..the friendly, patience and clear answers we got from Ben was super...
Vikramraj Shanmugan
Vikramraj Shanmugan
2 years ago
I had applied for a Loan through Lendela online and within an hour got a call from Ben. Ben was really helpful and ...
Annz Aanis
Annz Aanis
2 years ago
Ben assist me and give me hope that my chance of securing a loan is there eventhough I know its quite impossible....
Kathy Roland
Kathy Roland
2 years ago
They must be sorcerers. They managed to get back to me and I wasn’t expecting much, but Ben managed to help me...
TeeCc
TeeCc
2 years ago
Interesting idea with great assistance.
M Khiril Eirsyed
M Khiril Eirsyed
2 years ago
Great help and assistance from Ben. The process is very quick and reliable. Assisted me throughout the process and ...
Zac Zaini
Zac Zaini
2 years ago
Lendela is very efficient and reliable. They manage to recommend me company which meets my Criteria.. Their staff...
Nurhayati Natasha
Nurhayati Natasha
2 years ago
Was assisted by Ben and it was so smooth without any hassle. With the right guidance and patience, i was able to...
YUSHA VIM12
YUSHA VIM12
2 years ago
Very Efficient And Have Good Standard Of Replying Fast And Promptly Updates . A Staff In The Name Of Ben Help Me...
Shamen Heng
Shamen Heng
2 years ago
My experience was excellent. Staff by name Ben helped me thru the process patiently and promptly tat made my loan...
Sahim Sedik
Sahim Sedik
2 years ago
Received the reply on the next day about the loan from Izwan. Even though decided not to apply but still positive ...
TASH DYY
TASH DYY
2 years ago
Speedy replies! Excellent services with fast response for our application. Highly recommended.
Lim (mouseboy)
Lim (mouseboy)
3 years ago
Very helpful and follow up even when the referred company didn't reply
Erick Chng
Erick Chng
3 years ago
very proactive following up on the status and outcome of the application. prompt and friendly sales rep who shared ...
Iziaki R
Iziaki R
3 years ago
Good service fast response great replies and thanks for getting back with our offers
Mrdtux Rdtu
Mrdtux Rdtu
3 years ago
Friendly and fast communication

ONE APPLICATION – MULTIPLE PERSONALISED OFFERS

Three easy steps to the best possible personal loan in Singapore for you:

Apply fast & easy

1. Apply for an online loan in Singapore by filling out an easy application form

Receive your offers

2. Receive offers from multiple banks in minutes

Compare and select online

3. Compare offers and select your loan preference online

Learn more about Lendela

Our goal is to make your loan application process quicker, simpler, and more transparent. As the sole personal loan company in Singapore that provides a truly personalised loan comparison service, we support you all the way from application to disbursement. Click below to read more about Lendela and how we empower thousands of loan-seeking Singaporeans to compare options for debt consolidation, wedding loans, personal loans for cars, renovation loans etc., every month.

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Lendela's guide to the best personal loan in Singapore

How do you find the best personal loan in Singapore the easy way? Take a few minutes and read our guide below, and you will have all the important information you need before applying for a personal loan online with Lendela. If you still have questions, feel free to contact our Customer Relationship Team for help.

What is a personal loan?

What is a personal loan?


A personal loan is money borrowed for personal use, such as paying off credit card debt, buying home gadgets, home or kitchen renovation, embarking on a special vacation, education, medical or wedding expenditure, or emergencies. Personal loans are also called consumer loans and are not usually backed by collateral. Banks typically begin the process by determining your credit score to assess whether you are eligible for a personal loan in Singapore and what interest rate should be placed on the loan. Making repayments on the loan usually involves making principal and interest payments monthly. The interest rates that are fixed on personal loans in Singapore will be determined by your credit history. Personal loans can be a good solution for individuals with financial issues that need to be resolved instantly. It also enables huge purchases and repayments at your own pace.

Debt Consolidation

Debt Consolidation


It can be overwhelming to stay on top of your debt load when your balances are spread across a number of different credit cards or loans, especially if you are swimming in heavy debt. Debt consolidation can be an effective financial strategy for those struggling to keep up with their personal loans. Getting your debt consolidated helps you stay organised, better manage your monthly payments, and ultimately turn your finances around. It can also save you a significant amount of money over time and the stresses that come with it.

What is Debt Consolidation?

Simply put, debt consolidation is a way of combining all your debts into one single consolidated monthly payment. So instead of making multiple individual debt payments each month, you will simply have to pay one monthly payment to your new bank. Debt consolidation plans are only used for unsecured credit facilities, in other words, loans that are not backed by collateral.

Besides greatly simplifying the process of payment, a major benefit of debt consolidation is that it can lower your interest rate and help you build a better credit score. This means that over time, you will pay a significantly lower aggregate cost when compared to repaying individual debts, thereby relieving financial pressure.

How does a debt consolidation loan work?

To get your debt consolidated, you will need to take out a debt consolidation loan. The eligibility requirement for a debt consolidation loan from a bank in Singapore is an aggregate debt of more than 12 times your monthly salary, but there are instances when banks may approve a smaller debt consolidation amount.

When you first consolidate your debt loan, there will also be an additional 5% allowance over your total outstanding balance, given directly to the bank you had borrowed money from. This allowance is used to take care of possible fees that may be incurred from the time that your loan is consolidated to when you receive the funds. It cannot be deposited into your checking account.

Once you have settled your debt consolidation plan, you only need to pay a single loan each month. Although the loan tenure may be longer, the borrower may enjoy a lower interest rate and free themselves from the stress of dealing with multiple debt collectors. Singapore has a number of banks and financial institutions that provide debt consolidation to Singapore citizens and permanent residents. With Lendela, you can easily find the best debt consolidation loan for your needs and put yourself on the right path to achieving financial freedom.

Read our detailed guide on debt consolidation.

Student Loan

Student Loan


Education can be a powerful tool for upward economic mobility, but there is also no denying that tertiary education does not come cheap in Singapore. In addition to tuition fees, there are also a host of other related fees that adds to the financial strain on students, including textbooks, accommodation, and more. It is common practice for students to take out a loan to help finance their higher education. This is where a student loan, also known as an education loan, can come in handy.

What is a student loan?

A student loan is a type of unsecured personal loan designed to help students pay for their higher-education expenses. Similar to other personal loans, the loan amount is usually repaid through regular instalments over the course of a few months or years, with interest and any other additional fees. Typically, student loans offered by banks in Singapore have a minimum loan amount of $1,000, while the maximum loan limit can be up to 8 times the monthly income of the guarantor.

Who can qualify to apply for a student loan?

Requirements for student loans vary from bank to bank, but typically, you will need to be a Singapore citizen or a Permanent Resident, between 18-60 years of age, and have a minimum annual income of $18,000. For students without a steady stream of income, you will need a loan guarantor with an annual income of at least $30,000. Your parents or sponsor can apply on your behalf, or you may file a joint application with multiple sponsors.

Not all student loans are created equal, so to ensure you can free yourself from debt as fast and as stress-free as possible, it is important for you to find a student loan that has a lower interest rate, suitable loan tenure, and caters for your personal needs and financial circumstances. There are numerous student loan options in Singapore, each with different requirements and conditions, and Lendela is dedicated to helping you save time used in comparing the different options. It provides you with a list of tailored student loan offers so that you can apply for the most suitable option quickly and with ease.

Read our detailed guide on student loans in Singapore.

Cash Loan

Cash Loan


Life has its way of throwing curveballs at you when you least expect it. And at some point or another, you may find yourself in a tough financial situation and in need of some unexpected cash. Whether it’s to cover a sudden business expense or to meet family emergencies, cash loans can be an excellent way to get quick and direct access to funds and help get you through challenging times.

What are cash loans?

Cash loans are a type of unsecured, short-term personal loan meant to help you cover unexpected costs. They can range from around $1,000 to $5,000, with the amount given to you in one lump sum and repaid in regularly scheduled payments with interest. Cash loans are a very popular form of loan in Singapore because they do not involve collateral, allow a greater degree of flexibility in terms of how you use the funds and have a relatively fast and relaxed approval process compared to standard personal loans. Yet, at the same time, they usually involve a higher interest rate.

How do cash loans work?

Designed to quickly help individuals address their short-term cash needs, cash loans have a simple and straightforward application process. They do not require a large amount of paperwork and have minimal eligibility requirements. To qualify for a cash loan, you should be aged 18-70 years old, have a minimum monthly income of $1,200 and be a salaried Singaporean, Permanent Resident or Employment Pass holder. Ease of application entails that even those with a poorer credit score could apply for a cash loan. However, it is important to note that having a good credit score can help you obtain a lower interest rate.

Since cash loans are unsecured, banks bear a higher risk of default, which is offset by a higher interest rate on the loan. This means that when it comes to applying for a cash loan, it is crucial that you carefully review your options and find an offer with an interest rate that you can afford. Otherwise, you may risk putting yourself in further debt. Lendela helps you quickly find the best cash loans available to you in Singapore, so that you can make the best possible financial decision. You only need to fill out a short online application form, and you will receive multiple offers within minutes.

Read our detailed guide on cash loans in Singapore.

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Renovation Loan

Renovation Loan


Home improvement can be a massive and costly endeavour, especially if you’re already feeling a bit strapped for cash after paying the down payment for your new home purchase. Be it replacing old appliances, putting in new floors, or repainting the walls, even little upgrades here and there can add up to tens of thousands of dollars. But that doesn’t have to stop you from living in your dream home. Getting a renovation loan is a popular solution for property owners in Singapore looking to finance their home improvement projects.

What is a renovation loan?

A renovation loan is a form of unsecured loan that allows homeowners to avail funds for home improvement and maintenance purposes immediately, and repay the money in instalments with interest over an agreed-upon period of time, usually between one to five years. In Singapore, there is usually a maximum loan limit of $30,000 or six times your monthly salary, depending on whichever amount is lower, as well as a minimum income requirement of around $24,000 to $30,000.

The credit advanced to you is not to be diverted to any other purposes. That being said, a renovation loan can still cover a wide array of expenses, including fixing damaged flooring and electrical and plumbing systems, remodelling the house, interior and exterior decor, and even the home expansion projects like building a new patio or garage.

What are the benefits of a renovation loan?

A renovation loan can help you overcome your financial barriers and achieve your ideal home. Although a home renovation loan is a type of personal loan, it differs from your standard personal loan in that the tenure is usually short-term, and interest rates are also much lower, making it an attractive option.

Another benefit of a renovation loan is the fast application process and easy funding. The process of applying for a renovation loan is straightforward. If you have a good credit score, your application will usually be approved, and you can get financial support for your renovation in no time.

Additionally, if you are looking to re-sell your rent out your property, home improvements can significantly boost the value of your space and help you build your home equity faster!

Read our detailed guide on renovations loans in Singapore.

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Car Loan

Car Loan


Buying a car is a big financial commitment and perhaps one of the most significant purchases you’ll make in your life. With such an important decision, you want every detail to be tailored to your liking – from the colour to the style and specific features. But what if you’ve found your dream car and coming up just short on cash to pay for the vehicle? That’s where taking out a car loan from a trusted financial institution can be your best bet to have your cake and eat it too.

What is a car loan?

As the name suggests, a car loan gives an individual access to funds needed to finance the purchase of a vehicle, be it used or new. The borrowed money is repaid to the bank in instalments over a period of time of up to seven years, plus interest. In Singapore, you can expect to get around 30% to 50% financing for your car, with a maximum of 70% for cars with an open market value of $20,000 or less. For cars with an open market value of over $20,000, the loan amount is capped at 60%.

Options for car loans

In Singapore, there are two ways in which you can obtain a car loan – either from the bank or a car dealership. Car loans with banks work in a similar way as other types of secured loans and are considered a direct way of lending. Banks are the ideal option for those with a good credit score, as they may enjoy a lower interest rate.

Various car dealerships also offer in-house car loans that make it convenient for you when you are buying a car. It is usually easier to obtain a car loan with a car dealer than with a bank, especially if you do not have a great credit rating. However, car loans with car dealerships are usually more expensive as there are additional administrative costs and commission fees involved.

An alternative option is to get a personal loan and use it to buy the car. A personal loan is unsecured, meaning that the car is not placed as collateral for the loan, which is the case for traditional car loans. Using Lendela, you can quickly find and compare the best personal loan offers with a competitive interest rate and loan term that suits your needs, to finance you car purchase.

Read our detailed guide on car loans in Singapore.

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Wedding Loan

Wedding Loan


Weddings are a once-in-a-lifetime celebratory event, and often a costly one at that. On average, weddings in Singapore costs around $30,000 to $50,000 but can rack up to over $100,000 if you are after a more extravagant affair. It’s fair to say that couples planning a wedding face a lot of financial stress. To help ease the pressure and clear your fees upfront while giving you the freedom to host the wedding of your dreams, many couples in Singapore turn to wedding loans as a solution.

What is a wedding loan?

A wedding loan is a personal loan taken out to finance wedding expenses. It can be used to cover a wide variety of wedding-related costs such as wedding attire, banquet, catering, photography, and even honeymoon trips. As it is an unsecured loan, you do not need to back it up with any collateral. In Singapore, you can get a wedding loan up to 10 times your monthly salary. Loan tenures are typically short-term, and you would repay your bank in instalments over a period of one to five years, depending on your financial capabilities.

How do wedding loans work?

Firstly, to apply for a wedding loan, you must make sure that you satisfy the basic requirements. In Singapore, these include being at least 21 years of age, a salaried Singaporean citizen, permanent resident, EP holder, or S-pass holder, as well as having a minimum monthly income of $2,500.

Besides ensuring that you fulfil the above criteria, there are a few other things to consider when taking out a wedding loan. Upon determining your financial needs, you want to find a bank that can meet them at a reasonable interest rate and terms. Bear in mind that a good credit rating can help you get a lower interest rate and a better loan offer. It’s important to carefully compare and weigh up your options, lest you risk paying more than you need to!

With many banks and financial institutions in Singapore offering wedding loans, it can be a time-consuming process to figure out which best suits your needs. Lendela is here to do the legwork for you. After filling out a short application, you will get a tailored list of the best wedding loan offers you qualify for within minutes. It doesn’t get any easier!

Read our detailed guide on wedding loans in Singapore.

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How does Lendela help you find the best personal loan in Singapore?

How does Lendela help you find the best personal loan in Singapore?


It is time to get the hustles out of the personal loan application process, and Lendela is here to make it happen. Whether you want a personal loan for buying a new car or to fund tertiary education, the process does not have to be stressful and painfully long. By applying for a personal loan through Lendela, the process that could have taken multiple hours, days, or weeks is completed in just a few minutes.

Comparing loan offers with Lendela makes it easy for you to land the best loan offer available to you in Singapore, and to do so quickly and efficiently. Why struggle to make ten applications, and all of them get rejected when Lendela can help you find the one in no time? Submit the application, go on with your day, and let Lendela do the work for you. Other benefits of using Lendela include:

1. You only need to provide a few details.

2. Lendela partners with a long list of banks and financial institutions to get application approval as fast as possible.

3. By connecting with multiple banks and financial institutions, Lendela makes it easy to compare and identify personal loans with low-interest rates.

4. You can find a personal loan even with a not-so-good credit score. Even if most conventional banks might have declined your application, Lendela can help to revive your hope of getting the personal loan that you want.

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