Before accepting your Lendela offer, check PMAL’s licensed-lender offers from 0.82% per month.[5] Get the available terms before committing to repayments.
PickMeALoan and Lendela are both digital loan comparison platforms in Singapore. They help you find and compare loan offers; the lenders provide the loans.[1][4] PMAL offers access to banks and alternative lenders, including licensed moneylenders.[5]
We use AI and automation to keep operating costs lean, giving our aligned licensed-lender partners room to compete on rates and terms. Specific offers agreed under those arrangements are available only through PMAL.
With a personalised Lendela offer already in hand, you have something concrete to compare against. Check PMAL’s available offers, put the actual terms alongside yours, and choose the offer that works better for you. The 0.82% monthly rate is a starting interest rate; eligibility and lender fees apply.[5]
Get my PMAL offersFree to request and compare. No obligation to accept.[1] Available offers depend on your assessment; the lender confirms final approval and terms.
Why check PMAL when you already have a Lendela offer?
PMAL gives you access to offers agreed through our own lender arrangements. An offer from another platform does not show you what is available through those arrangements.
Our AI-led model keeps operating and customer-acquisition costs lean. We work with aligned licensed-lender partners who have room and incentive to compete on rates and repayment terms. The specific offers agreed under that arrangement are available only through PickMeALoan, rather than across all of a participating lender’s channels.
For you, the reason to check is practical: see whether a PMAL offer gives you a lower total borrowing cost or a repayment arrangement that better suits your needs. Recognising a lender’s name is not the same as seeing the terms available through our arrangement.
Check PMAL’s actual rate, fees and repayment period against your Lendela offer. Requesting and comparing those offers costs you nothing, and you decide whether to proceed.[1]
Get the available offers together, with the costs on WhatsApp
Start with the amount you need, your preferred repayment period and your income details. PMAL’s matching process considers your profile against participating lenders’ criteria, including income and residency status.[1]
For integrated participating lenders, automation also supports the in-principle assessment. Once that assessment is complete, we present the available offers from those partners together. You can see which options have been returned for you, rather than relying on a lender’s advertised starting rate.
PMAL sends offer information through WhatsApp, including:[1]
- The interest rate.
- The total repayment amount.
- Processing fees, if any.
- The estimated monthly instalment.
That puts the details you need beside the offer you already have. Review them in WhatsApp and decide whether an available PMAL offer is worth taking forward. These are offers from participating partners, not every lender in the market; in-principle offers remain subject to the lender’s final checks.
Compare the offers on what you receive and repay
Keep your Lendela offer handy when reviewing PMAL’s offers. Compare the same loan amount and repayment period where possible, then focus on these points:
Cash you receive
Check the amount paid to you after upfront deductions, not just the approved loan amount.
Total you repay
Check the full repayment amount and any fees paid separately. Ask what is already included so you do not count a fee twice.
Payments you can manage
Check the instalment and repayment period. A smaller monthly payment can mean a longer loan with more interest overall.[2]
Ask the lender for its repayment schedule and effective interest rate, or EIR, if the costs are unclear. EIR helps you compare borrowing costs beyond the advertised rate.[2] Check early-repayment terms too, especially if you expect to settle the loan ahead of schedule.[3]
Ask for the amount you need, not simply the largest offer
Your requested amount and repayment preferences guide PMAL’s matching, subject to lender eligibility.[1] Use that to focus your search on borrowing that fits your needs.
A larger approved amount is not automatically a better deal. If an offer changes the loan amount or repayment period, check those differences before judging it by the monthly instalment. Borrow only what you need and can afford to repay.[3]
The aim is a suitable offer with competitive terms, not a larger debt because it is available.
Check PMAL tonight or at the weekend
PMAL’s automated assessment runs 24/7. You can start when you are ready to compare, including outside office hours, without waiting for a staff member to begin the automated assessment.
That is useful when you already have an offer and want to check your options before deciding. Lender appointments, final approval and payout follow the lender’s own processes and availability; around-the-clock assessment is separate from funding.
Get PMAL’s offers before you commit
You have a Lendela offer to compare against. Make your next step a PMAL request, so you can assess the available alternatives before choosing a lender.
- Sign in with Singpass and tell PMAL how much you need and your preferred repayment period.[1]
- Review the available in-principle offers returned for your assessment through WhatsApp.
- Compare them with your existing offer and choose whether to proceed with a lender.
Requesting offers is free, and you do not have to accept a match.[1] This is a separate PMAL request, not an import or cancellation of your Lendela application.
Get my PMAL offersFree to compare. No obligation to accept.[1] PickMeALoan is a comparison platform, not a lender. The loan carries the lender’s interest and applicable fees.[3]
Concerned about your credit report? Read how licensed moneylender loans are recorded separately from your CBS report.
Questions about comparing a Lendela offer with PMAL
Are PickMeALoan’s offers cheaper than Lendela’s?
Yes, PMAL can offer cheaper loans, with licensed-lender rates from 0.82% per month.[5] Our AI-led operating model and aligned lender arrangements support competitive offers. Your final rate and fees depend on the lender’s assessment, so compare total repayment for the same loan amount and term.
Will checking PMAL affect my CBS score or leave a CBS record?
No. Checking alternative-lender offers through PMAL does not affect your Credit Bureau Singapore (CBS) score or leave a CBS enquiry record. PMAL offers alternative-lender options as well as bank loans. If you specifically request bank loans, the bank-loan process may involve a CBS check.
Is comparison free, and how does PMAL earn money?
PMAL does not charge borrowers to request or compare offers. We earn a referral commission from the lender when a loan is approved, and you do not have to accept a match.[1] The loan itself still carries the lender’s interest and applicable fees.[3]
Can I check PMAL’s offers at night or on weekends?
Yes. PMAL’s automated assessment runs 24/7, so you can start outside office hours. Available offers depend on your assessment and participating lenders’ criteria. Lender appointments and disbursement follow the lender’s own processes and availability.
Does AI mean my loan is automatically approved?
No. Automation supports matching and in-principle assessment for integrated participating lenders. The lender carries out its required checks and confirms final approval and terms. An in-principle offer is not a guarantee of funding.
What if I have already accepted a loan?
This guide is for comparing before acceptance. If you have already accepted or signed an agreement, check your obligations and any cancellation or repayment costs with the lender before changing course. Applying elsewhere does not cancel an existing agreement.[2][3]
Still choosing between platforms?
Our Lendela vs PickMeALoan comparison covers the broader platform choice. Our personal-loan comparison guide explains more about comparing borrowing costs.
Sources
By PickMeALoan, a competing comparison platform. The operating model, partner arrangements, integrated offer workflow and assessment availability are our own business and product explanations, not measured head-to-head price or processing-time results.
