The loan matchmaking platform
for Aussies wanting a fair shake

Definitely not, we do not suggest or recommend any particular loan. You are free to use our service as much as you want to compare personal loan offers and the decision always sits with you on which loan is the best for your situation. There is no commitment tied to your application and you are free to decline all the offers presented to you. Go ahead and try us!

You can use the loan for multiple purposes. Unsecured loans like personal loans are used to finance everything from weddings and travels, to home renovation and education. You can also use the money for unpredicted emergencies, to pay outstanding bills, or to consolidate existing debt. The choice is yours.

Your monthly loan cost will be depending on the loan amount that you are granted, the length of your repayment period (tenure), as well as your credit history. If you want an indication of what your monthly cost would be, you can use our loan calculator. In order to get a personalised monthly cost, you need to submit an application.

Most of the lenders do not charge early payout fees. However this will depend on the lender you select and the Terms & Conditions of your agreement with them.

This depends on each lender's internal process. Though, once your application has been approved and you have accepted an offer, it normally takes less than a day before the money is in your bank account. In some cases, the disbursement happens immediately after approval.

The loan terms – such as interest rate, term, processing fees etc. – are based on your unique application and individual circumstances. Hence, before you have submitted your application, it is difficult to estimate the interest rate that you will be offered. Keep in mind that the interest rates can vary significantly between lenders and also differ based on the loan amount and term that is offered. Make sure to compare all offers given to you before choosing the one you prefer.

Lendela will help you with that! We will send your request to multiple banks and lenders, and by doing so, make sure that you get multiple offers to choose from. All you need to do is compare your offers and select the one with the lowest interest rate.

The process of requesting a credit report to assess your financial situation is called a credit check. We perform a soft credit check, obtaining your score to ensure that we match you with the appropriate lenders. This is done via Illion Credit Bureau and below we have outlined more information on how we work with them. Your credit score consists of a number of things including your credit behaviour, defaults etc.

No. Lendela will ask permission to access your credit score via a "soft check", which is not harming your credit score. By the end of your application, the lender that you select will typically perform a hard credit check to assess your creditworthiness. This is done when you validate your information and complete your application with the lender. The hard credit check is recorded in your credit report and could have a negative impact on your credit score.

A comparison rate includes the interest rate as well as fees and charges relating to a loan. The aim of the comparison rate is to help you identify the true cost of a loan when you compare offers from various lenders.

Depending on your arrangement with your lender, you can make your repayments in a number of different instalments. Some of our customers arrange to pay their loans off weekly, monthly or fortnightly. This is an arrangement you will come to with the lender you chose.

Our partnering lenders are able to return with so-called pre-approved offers (also called in-principle-approved offers) to the applicant. For final approval, the lender has to perform a credit check and obtain supporting documents. The pre-approved offer is still a strong indicator of how the final offer will look. After the credit check is done and the documents are submitted, you always have the opportunity to negotiate the pre-approved offer to get a larger loan amount or better terms, or reject the offer altogether.

Lendela operates as a Credit Representative of Compass Aggregation (ACL) # 525058. Lendela Pty. Ltd. is also a member of AFCA 98686.

Our address in Australia is 85 William Street, Darlinghurst NSW 2010, and we also have offices in Singapore and Hong Kong.

As a loan matchmaker, we are not controlled by a specific bank or lender. All the lenders in our panel have the same opportunity of presenting a competitive loan offer to you. We will never promote one specific lender or offer on our platform – it is always up to you as a borrower to decide which loan offer will suit you the best.