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 You Need To Know About Debt Repayment Scheme (DRS) in Singapore 2023

Are you experiencing restless nights over the mountain of debt you’re struggling to stay on top of? If so, you're not alone. In Singapore, the amount of debt that people owe is on the rise, and it's becoming increasingly difficult to...

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...

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...

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...

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...


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