Lendela's Blog

Welcome to our blog! Here, you find our latest updates about personal finance, as well as useful tips and tricks. Enjoy!

What's Effective Interest Rate (EIR) in Personal Loan & How Do You Calculate It?

If you're researching personal loan options, you'll likely come across the term effective interest rate (EIR). This is an important concept to understand because it provides borrowers with a standardised way of comparing different loan...

Mastering the Mortgage: What is the difference between a fixed and a floating home loan

Choosing the right interest rate package for your mortgage is a critical decision that can significantly impact your finances. Each rate type has its own advantages and trade-offs, and the right choice depends on your financial goals, budget, and...

Mastering the Mortgage: How to refinance your home loan in Singapore

Refinancing a mortgage — also known as a home loan in Singapore — is a big decision, and it’s normal to feel a little overwhelmed by the process. Whether you’re hoping to lower your interest rate, reduce your monthly repayments, or free up cash...

Mastering the Mortgage: A guide to choosing the ideal home loan in Singapore

Buying a home is probably one of the biggest milestones in every Singaporean’s life, but finding the ideal mortgage — also referred to as a home loan — can quickly become overwhelming with so many options and a world of jargon.Before you give up,...

The real cost of having a child in Singapore

Perhaps congratulations are in order, or you may be exploring the possibility of welcoming  a child in your life. Parenthood is an incredible journey, but it’s no secret that raising a child in Singapore comes with significant financial...

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