Is Lendela Legit?

Q: How does Lendela keep my loan application and data secure?

Applying for a loan through Lendela is simple and secure. With Singpass, you can speed up your loan application and start receiving loan offers in as little as minutes. Your personal information is important to assess loan eligibility with banks and other loan providers. Furthermore, all customer data is protected and contact details are not provided to third parties without the owner’s consent. Lendela goes beyond this standard protection by ensuring that both your information and communication are secure from unauthorised persons, such as hackers. This gives you access to all your loan offers without any impact on your credit score, while keeping your information protected, and giving you the power to choose what works best for you.

Q: Are Lendela’s partner banks licensed in Singapore?

When applying for loans in Singapore, loan sharks are the most feared parties because of their harassing tactics when forcing borrowers to repay. Often, borrowers end up in more trouble because credit from loan sharks comes with high interest rates and a lot of hidden charges. Because the Singapore administration forbids people from using loan sharks, Lendela does not deal with them in any way.When you place a loan application through Lendela, it is only forwarded to banks and legit financial institutions in Singapore. Simply put – if you want to avoid falling into the hands of loan sharks, Lendela is the best route.

Q: How does Lendela protect my data and keep the process secure?

Apart from operating in line with Singapore laws, Lendela is also guided by international standards (having its roots in the Scandinavian Fintech industry). The goal is to make loan applicants remain in control, understand the credit they are about to take and pick the right offer. Here are some of the internationally accredited attributes that set Lendela from the pack: Lendela makes the process of loan application easy and fastWith Lendela, you will only receive loan offers from banks and financial institutionsYou do not have to pay anything to use our service and application for a loan comparisonWhen loan offers are given, you are not obligated to accept any of themLendela supports you in reviewing the available loan offers so that you can select the best Lendela is a legit loan comparison site that helps loan applicants to choose the option with the best conditions. So, are you ready to apply for a loan with Lendela? It is very simple and will take you only a few minutes. Why risk dealing with illegal loan providers when Lendela is only a few clicks away?

Here’s why Lendela is legit

We only partner with regulated banks and financial institutions

Lendela connects borrowers only with trusted banks and financial institutions regulated by the Monetary Authority of Singapore (MAS), ensuring a safe, transparent, and reliable borrowing experience.

100% licensed and regulated partners
Backed by reputable investors

Fully compliant with regulations to keep borrowing safe

Lendela operates in compliance with Singapore’s financial laws and follows all guidelines set by regulators and authorities. The platform works exclusively with reputable, MAS-regulated banks and financial institutions to ensure a safe, transparent, and trustworthy borrowing experience.

Backed by leading investors in Asia’s financial hub

Supported by Singlife founder Walter de Oude, Lendela operates with the backing of trusted investors and international fintech expertise, ensuring strong governance, credibility, and long-term stability for every borrower.

Compare legit loan offers

How Lendela Works — Simple, Safe, and Transparent

1

Apply once with Singpass for multiple offers

Apply securely with Singpass to auto-fill your details and supporting documents. Get accurate, pre-approved offers faster — your information is only shared with banks once you’ve chosen an offer.

2

Choose a loan offer that fits your needs

Get matched with offers tailored to your profile and choose the one that fits you best. Each loan offer shows:

Pre-approved loan amount and tenure
Monthly repayment and interest rate
Other fees (if any)

3

Get your funds

Once you’ve chosen an offer, the bank or loan provider will do a final check online or through an appointment. Funds will be disbursed directly to you within the same day.

See how it works

Our selected partners

4.9 on Google stars

2,200+ reviews

Don’t just take our word for it

Read what over 300,000 customers have to say

They replied super fast even on a Sunday. They gave me a quote the same day and the money was in my account by Monday. Grateful!

Andy

Lendela made finding the right loan surprisingly easy. Dee ensured the process stayed on track, and everything moved smoothly from start to finish.

Mark

Thank you to the Lendela platform, especially the kind help of the customer service, for helping me successfully obtain a loan.

Terrence

If you need a site that quickly connects you with the best loan offers, this is it. Fast, reliable, and professional.

Ali Imran

I had a great experience with Lendela Pte Ltd. This loan-matching service connected me to the best loan plan available.

Syed

I have been using Lendela platform to apply for loan applications. This is very user friendly and reliable without going down to the shop physically to ask for rate.

Agnes

Frequently Asked Questions

Is Lendela licensed and operating legally in Singapore?

Lendela operates within the laws of Singapore. In Singapore, the financial services industry is strongly regulated because it plays an important role in defining the success of other sectors. Lendela operates in line with the laws established in Singapore and only works with loan providers that hold a license to operate in Singapore such as Singapore’s top banks.

As an online loan matching platform, Lendela acts as an objective online aggregator to generate personalised loan offers for anyone looking to compare and review all their loan options, before making an informed decision. You can also learn more about our company and mission on our About Us page.

How does Lendela keep my loan application and data secure?

Applying for a loan through Lendela is simple and secure. With Singpass, you can speed up your loan application and start receiving loan offers in as little as minutes. Your personal information is important to assess loan eligibility with banks and other loan providers. Furthermore, all customer data is protected and contact details are not provided to third parties without the owner’s consent. Lendela goes beyond this standard protection by ensuring that both your information and communication are secure from unauthorised persons, such as hackers. 

This gives you access to all your loan offers without any impact on your credit score, while keeping your information protected, and giving you the power to choose what works best for you.

Is Lendela a reputable fintech company in Singapore?

Founded in 2018 in Singapore, Lendela works with over 100 banks and loan partners across Singapore and Hong Kong. It is backed by reputable venture capital firms and closed its Series A funding led by Singlife founder Walter de Oude.

Read more about Lendela in the news on Straits Times, Today, and Singapore Business Review.

Are Lendela’s partner banks licensed in Singapore?

When applying for loans in Singapore, loan sharks are the most feared parties because of their harassing tactics when forcing borrowers to repay. Often, borrowers end up in more trouble because credit from loan sharks comes with high interest rates and a lot of hidden charges. Because the Singapore administration forbids people from using loan sharks, Lendela does not deal with them in any way.

When you place a loan application through Lendela, it is only forwarded to banks and legit financial institutions in Singapore. Simply put – if you want to avoid falling into the hands of loan sharks, Lendela is the best route.

How does Lendela protect my data and keep the process secure?

Apart from operating in line with Singapore laws, Lendela is also guided by international standards (having its roots in the Scandinavian Fintech industry). The goal is to make loan applicants remain in control, understand the credit they are about to take and pick the right offer. Here are some of the internationally accredited attributes that set Lendela from the pack: 

Lendela makes the process of loan application easy and fast
With Lendela, you will only receive loan offers from banks and financial institutions
You do not have to pay anything to use our service and application for a loan comparison
When loan offers are given, you are not obligated to accept any of them
Lendela supports you in reviewing the available loan offers so that you can select the best

Lendela is a legit loan comparison site that helps loan applicants to choose the option with the best conditions. So, are you ready to apply for a loan with Lendela? It is very simple and will take you only a few minutes. Why risk dealing with illegal loan providers when Lendela is only a few clicks away?