HERE, LENDERS FIGHT FOR YOU

Lendela is a fintech platform that matches borrowers with their personalised loan options from Australia's top lenders. Through a single application, our unique reverse auction model allows lenders to generate a personalised rate for your profile in a matter of minutes, bringing your most competitive and accurate rates to you instead of the other way around.

Unlike traditional comparison sites that simply list generic advertised rates and funnel borrowers to a lender's website, Lendela matches you with personalised loan options through a single application on our platform, and we provide personalised support from application to disbursement. It’s important to recognise that interest rates and loan terms are determined by your unique credit profile, and the vast majority of borrowers do not qualify for generic advertised rates. When you apply for a loan across multiple lenders to compare your real rates, your credit score takes a hit. Our reverse auction model makes lenders compete to offer you their best rate, bringing your most competitive personalised rates to you instead of the other way around, and without any impact on your credit score.

The reverse auction model refers to a tech-enabled process in which lenders are made to bid for a borrower's loan, instead of the other way around. Lendela's unique technology makes it possible for lenders to personalise loan offers for borrowers in minutes and at scale, based on key information submitted through your application. With the reverse auction model, borrowers never have to search for and compare loan options because their best offers come to them.

Unlike traditional platforms, Lendela matches you with loan options personalised to your unique profile so that you always get the most competitive and accurate rates available to you. By doing so, you avoid wasting time applying for loans you don’t qualify for and save time, money, and the hit to your credit score. Even if you're unsuccessful with one lender, our engine continues to match you with other lenders, ensuring you always have more options. With us, you’re never left hanging.

Once your application has been submitted with accurate information and all required documents, you will receive personalised loan options from our lending partners in as little as two minutes.

Lendela’s reverse auction model anonymises your personal information and shares just enough data from your credit profile for lenders to generate a personalised offer for you. Your contact information is only shared with your chosen lender after you accept their offer and are ready to receive funds. Lenders on our platform are licensed and regulated by the Australian Securities and Investments Commission (ASIC) and are legally required to observe data protection laws.