The process of applying for a loan in Singapore can be tedious and complex. When applying, be it for a personal loan or debt consolidation loan in Singapore, there is a risk of falling into the hands of loan sharks loans, or failing to receive your most competitive loan rates. Find out more about Lendela, the loan matching platform that has served over 200,000 borrowers in Singapore. Is Lendela legit, you might wonder?
Lendela is Singapore's highest rated loan matching platform, and was established in 2018 to operate in line with Singapore laws. The goal of Lendela is to create a framework that loan applicants can trust and rely on, to easily and conveniently evaluate all their loan options, and eventually get the credit they want. Here is a demonstration of how Lendela works and why the service is 100% legit.
Lendela is 100% Legit, Safe and Reliable
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.
Lendela offers a secure way to compare loan options
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.
Lendela is a reliable fintech in Singapore
Founded in 2018 in Singapore, Lendela works with over 100 banks and loan partners across Singapore, Australia 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.
Lendela Only Works with Banks and Financial Institutions
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.
Lendela is Guided by International Best Practices
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?