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Find out what our great customers have to say about Lendela
Borrow money in 4 easy steps with Lendela:
1. Apply online in a few minutes
2. Receive offers from multiple lenders
3. Compare offers and select online
4. Sign the agreement and get the money
Our goal is to make your loan application process quicker, simpler and more transparent. As Singapore’s only true personal loan comparison service, we support you all the way from application to disbursement. Click below to read more about Lendela and how we empower thousands of loan-seeking Singaporeans every month.
Today, one doesn't have to go through a hassle to borrow money online. There are licensed companies other than banks who offer easy-to-apply loans. You can borrow money online as well. Just switch on your mobile phone or laptop, fill out your information, and wait for the approval. By doing so on a loan comparison platform like Lendela, the chances of getting approved are increasing as the application is sent to various banks and lenders at the same time.
You could get a “generous” loan amount even with an average monthly income. Just like other loans, personal loans also come in different forms like a wedding loan. All the debtors have different packages with a cornucopia of terms to offer to their clients. To make wise decisions in desperate times, you ought to compare the different rates that are available in the market. That’s where Lendela comes in handy as well.
This article will outline all the things you need to know about borrowing money online. By using Lendela’s guide, you won’t have to worry about filling the gap between salaries, and will be able to fix any financial fiasco.
Getting started is easy with Lendela. If you need support, our customer service advisor will – along with you – go through the entire application process; we will help to find the best personal loan for you. The process and requirements are so fast and simple that you could get your customised loan in just a couple of days. And the application itself doesn’t take more than a few minutes.
Here are the most common reasons to borrow money online in Singapore:
1. Renovation
A personal loan could be a perfect option to fund your home renovation. Whether you want to paint your wall a new colour, do landscaping or hardscaping, or even add a pool, a personal loan can most certainly help.
2. Car purchase
Need a new car but worrying about the upfront fees? Buy a car with a personal loan, by depositing the loan into your personal account. Then use it to pay car deposit or finance your car loan in Singapore.
3. Debt consolidation
A common use for personal loan is to use it to consolidate debt. Imagine having more than one loan or an outstanding credit card balance with different interest rates each month — consolidate all your debts into one account! This is the best financial solution and it makes for easier payment within a reasonable timespan.
4. Pay off credit card
One of the benefits of taking a personal loan is being able to settle the credit card balance. Consolidate your credit card outstanding balances and pay with lower interest rates using a personal loan. That is one definite way of managing your debt efficiently without worrying too much! No more late payments and missing settlements issues, when you can focus on just the one bill.
5. Vacation
Planning a year-end vacation to some place nice with your family or friends? Or celebrating your wedding anniversary on a luxurious cruise? Sometimes vacations can be quite pricey and hard to plan with a limited budget. Just as personal loans can assist with your upfront fee for your car, it can also be used to aid your vacation plans.
6. Studies
Not everyone is fortunate enough to have their family’s financial support to further their studies. Though students can opt for student loans (and many do) and scholarships, not every student is eligible to apply for these options. Using personal loans to fund your education is beneficial in many ways: freedom to select your preferred course, flexible repayment terms, and help in building your credit score.
The best personal loans are determined on your financial situation and requirements. To help you decide the ideal personal loan package for you, Lendela sends your loan application to multiple banks and lenders, and lets you select the best interest rate and payment tenure suitable to your needs. This way, you can rest assured that you found the best bank or best money lender in Singapore.
This is what you can get when applying at Lendela:
Loan repayment tenure: 3 - 72 months
And so, what is the lowest interest rate personal loan in Singapore when borrowing money online? The reality is that it differs for each loan applicant. The lowest interest rate personal loan in Singapore will be based on the information that you submit in your personal online application, as well as the unique eligibility criteria and assessment model of each lender. Therefore, it is hard to determine what the lowest interest rate personal loan in Singapore would be for you before you have actually applied for a loan and received offers.
The easiest way to find the lowest interest rate personal loan in Singapore is to apply to multiple lenders at the same time. This way, you have the opportunity to compare the lowest interest rate personal loans in Singapore and select the one that comes with the best terms. In addition, the lowest interest rate personal loan in Singapore will be easier to find if the information that you submit in your application is as accurate as possible.
Anyone who applies or considers applying for a personal loan often weighs in on the interest rate factor and the duration of the repayment. Unlike credit card interest rates, personal loan interest is normally fixed for each year of the loan tenure. The longer your chosen payment duration, the lower the monthly cost.
Apply to borrow money online with Lendela – we will help to compare various loan offers as we are getting you in contact with multiple banks and lenders in Singapore. You simply submit your application on our website and we’ll do the rest of the process for you.
