Lendela loan requirements shows that To apply for a loan with Lendela, you need to be a salaried individual who is either a Singaporean citizen, a Permanent Resident (PR), or an Employment Pass (EP) holder.
Introduction
Lendela is a top loan company in Asia. They help people find loans from over 40 banks and financial institutions. Based in Singapore, Lendela matches you with loans that fit your needs. They make it easy to compare loan options and choose the best one for you.
Their service is fast and accurate. Lendela gives you all the information you need to pick the right loan quickly. Whether you need money for a big purchase or to consolidate debt, Lendela connects you with lenders who can help.
Using Lendela’s platform is simple. You can navigate through their website easily to find the loan that suits you best. They focus on making sure you understand everything about the loans available to you. This way, you can make a smart decision about borrowing money.
Lendela cares about customer satisfaction. They work efficiently to process your loan application. They use technology to ensure that everything happens smoothly and on time. This makes Lendela a trusted choice for people looking for loans in Asia.
Overall, Lendela is known for its easy-to-use platform and helpful service. They match borrowers with lenders quickly and accurately. Whether you’re new to borrowing or want to improve your financial situation, Lendela is there to assist you every step of the way.
Their dedication to providing clear information and reliable service sets them apart in the loan industry across Asia.
History and overview
Lendela, started by Nima Karimi in 2022, has an app available on the Apple Store. This app helps people find different kinds of loans easily. You can get personal loans, consolidate debts, pay for weddings, buy cars, or renovate homes, among other options.
The app is simple to use. It lets you see all the loan choices and compare them. You can check interest rates, how long you have to repay, and if you qualify. This helps you decide which loan is best for you.
Using the Lendela app is safe too. It protects your personal and financial details. This ensures that your information is secure while you apply for loans.
In short, the Lendela app is designed to make borrowing money straightforward and safe. Whether you need a loan for something big like a wedding or something practical like home repairs, the app helps you find the right loan quickly and easily.
Requirements
Age limit
The loan requirements for Lendela state that applicants must be between 18 and 70 years old. This means you need to be at least 18 years old to apply for a loan through Lendela, and you can apply up to the age of 70.
This range ensures that adults of various ages can access their loan services, whether they are young adults starting to manage their finances or older individuals seeking financial assistance for various needs
Minimum income
To qualify for a loan with Lendela, you need to have a minimum monthly income of $1,200. This means you must earn at least $1,200 per month to be eligible to apply for a loan through Lendela. This requirement ensures that borrowers have a stable income that supports their ability to repay the loan amount.
It’s a straightforward criterion aimed at ensuring responsible borrowing and minimizing financial risks for both the borrower and the lender. Meeting this income threshold demonstrates your capacity to manage loan repayments comfortably based on your monthly earnings.
Be a worker
To apply for a loan with Lendela, you need to be a salaried individual who is either a Singaporean citizen, a Permanent Resident (PR), or an Employment Pass (EP) holder. This requirement specifies that Lendela’s loan services are available to individuals who hold these specific employment statuses in Singapore.
This ensures that applicants have a stable employment status, which is typically associated with a steady income source necessary for loan repayment.