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...

Guide to Personal Loans for Foreigners in Singapore

Getting your finances sorted and managing personal loans can be tricky for anyone, but it can be particularly challenging for a foreigner. Luckily in Singapore, foreigners are offered a range of personal loan options by banks and licensed...

Steps for Buying a Resale Flat in Singapore

Weighed your housing options and finally settled down on getting a resale flat? Congratulations! However, not all is done yet and paying for one is not as simple as just getting a home loan from the Housing Development Board (HDB) or your...

Are Personal Loans the End of Credit Cards?

The Monetary Authority of Singapore (MAS) reported that card billings hit an all-time high in 2021 with an estimated value of 64 million SGD – a whopping 27 per cent increase over 2015! But did you know that there is an unlikely alternative to...

Are Personal Loans During High Inflation a Bad Idea?

We’re now in a period of high inflation!The Straits Times reported on June 16 that interest rates had been raised by "75 basis points," the largest increase since 1994, in response to the inflation surge caused by “the war in Ukraine and...

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