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...
February 6th, 2023
Ultimate 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...
January 18th, 2023
Buying a resale flat?
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...
September 13th, 2022
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...
July 5th, 2022
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...
June 23rd, 2022
