We make banks bid for your mortgage

Lendela is a fintech platform that matches borrowers with personalised loan options from Singapore's largest banks and licensed loan providers. With a single application, Lendela’s unique reverse auction model makes it possible for mortgage providers to compete and offer you your best rate, bringing your most competitive mortgage options to you so you never have to search for them.

Unlike banks and mortgage brokers, Lendela runs a unique reverse auction model that matches you with all your personalised mortgage rates (from banks and providers) without any bias, and with full transparency. We have a success-based model that uniquely incentivises us to match you with your lowest rate, as opposed to favouring a particular bank due to opaque commercial interests.

Using Lendela for your mortgage means making banks compete to offer your most competitive rate, and we're the only platform in Southeast Asia that does this.

Lendela only partners with mortgage providers licensed and regulated by the MAS. This includes most major banks in Singapore, such as Standard Chartered, CIMB, and DBS, as well as the biggest non-bank mortgage providers.

An application with Lendela is similar to loan applications with banks, since borrowing is regulated the same way across the country. The key difference between an application with us and one made directly with a mortgage provider is that we match you with multiple personalised options from banks and mortgage providers.

Through a two-minute online application with Singpass, you'll share all relevant information required for our partners to generate a personalised offer unique to you. This includes, but is not limited to, your persornal information, information on any existing property, and financial documents.

Our team will then reach out to you once your personalised offers are ready.

Once your application has been submitted with accurate information and all required documents, our mortgage team will be in touch in as little as an hour.

Because Lendela works with most major banks and providers, you will have access to all types of mortgage offered by them, including for properties under construction, new purchases, and refinancing.

Lendela runs a success-based model that aligns our incentives with your goal — to get the best possible deal on your mortgage. This model means we only get a standard fee from your chosen bank when your mortgage is disbursed, and makes us an unbiased platform that isn't incentivised to favour a particular bank.

Yes, your CPF Ordinary Account (OA) savings can be used for a down payment and monthly installments, although the amount depends on the type of property and loan. Check out this answer from a gov.sg forum for a detailed explanation.

No, Lendela's platform is and will always be free to use for borrowers. Our success-based model means that we only get a standard fee from your chosen bank when your mortgage is disbursed.