The Lendela Team
At Lendela, we are here to help you navigate your loan journey with accurate loan offers and reliable counsel, so that you can make the best borrowing decision with a clearer mind and a lighter heart.
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Credit Counselling vs Debt Consolidation
If you are struggling to manage your finances, you may have considered debt consolidation or credit counselling as a way to regain control of your budget. While both could be viable options to help get you out of debt, it is important to...
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...
Total Debt Servicing Ratio (TDSR) & How It Affects Your Personal Loan Application
Total Debt Servicing Ratio (TDSR) is an important factor in assessing your eligibility for a personal loan. In Singapore, lenders consider TDSR when reviewing and approving loan applications. This article will explain what TDSR is, how it affects...
Will Rising GST in 2024 Affect Personal Loan Interest Rates?
As Singapore anticipates an increase in the Goods and Services Tax (GST) to 9% in 2024, many Singaporeans are wondering about the potential implications for their finances. One area of concern is how this change might affect personal loan interest...
A Beginner's Guide to Establishing a Solid Credit History in Singapore
If you're considering applying for a personal loan in Singapore, it's essential to approach the process with caution and avoid some common pitfalls that many Singaporeans fall into. While personal loans can be an excellent financial tool...
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