17/06/2026
A lower EIR is important — but it doesn’t tell the whole story.
Before choosing a loan, look at the full picture: monthly repayment, loan tenure, and total payable. A lower monthly repayment may feel easier now, but depending on the tenure, it could cost more overall.
For a clearer breakdown, read the Lendela Lab guide on comparing loan offers in Singapore:
https://lendela-lab.com/borrow/how-to-compare-loan-offers-singapore-eir/
Compare clearly before deciding with Lendela.