Business caution and personal priorities in a tighter economy
In an environment of economic uncertainty and rising costs, this report shows how self-employed individuals and business owners in Singapore are shifting behaviour. Instead of borrowing for expansion, many are prioritising daily expenses, reducing debt, and tightening credit use. Data from thousands of loan applications reveals how entrepreneurs are rebalancing ambitions toward survival, highlighting growing financial stress among SMEs and the self-employed.
Q2 (2025)
Platform workers improve debt management despite rising costs
Singapore’s platform economy is growing, but so are the financial pressures faced by gig workers. This Lendela report explores how platform workers manage debt, the common challenges they face, and practical strategies to strengthen their financial stability. Gain insights into debt consolidation, smarter borrowing, and actionable steps to take control of your finances in a competitive gig landscape.
Q1 (2025)
Debt deepens among middle class young adults
As conversations around the cost of living continue to grab headlines in Singapore, Lendela, a Singapore-based loan matching fintech, embarked on a series of studies to uncover the true extent of the rising cost and its impact on Singaporeans.
Q4 (2024)
Coping in the costliest city in the world
We reveal several broad trends in consumer borrowing that point to a growing need for personal financing among the middle-aged cohort over the past two years. In particular, we also uncover the impact of the rising cost of living across the middle and higher-income as they turn to alternative financing to manage costs.
Q3 (2024)
