Kredivo Philippines Financing Corp. is the company operating the Kredivo PH digital credit platform. The business was previously connected with the corporate name Advantage Lending Corp.: the Securities and Exchange Commission’s historical register lists Advantage Lending Corp. under SEC Registration Number CS201905678, while the current Kredivo website uses the same registration number for Kredivo Philippines Financing Corp. The company also previously operated as Kredivo Philippines Lending Corp. before adopting its current financing-company name.
Through the Kredivo mobile application, approved customers can use an assigned credit limit for QRPh purchases, Buy Now Pay Later transactions, bill payments and cash loans. The platform does not require customers to have a traditional credit card.
Kredivo PH currently provides several types of financing:
The products and repayment periods available to a particular customer depend on the account category and assigned credit limit.
Kredivo users can scan a merchant’s QRPh code and pay using their available credit limit. The transaction reduces the available limit, which is restored after the customer fully repays the amount. The minimum QRPh transaction is ₱1, while the maximum depends on the individual credit limit.
The official FAQ divides customers into Basic and Premium account categories.
Basic users may receive the following QRPh options:
Premium users may receive:
The applicable amount, interest, fee and installment period are displayed on the confirmation page before the transaction is completed.
The Kredivo cash-loan product allows an approved user to transfer money to a registered bank account or electronic wallet and repay it through monthly installments.
The official FAQ states that the minimum cash-loan transaction is ₱1,500. The maximum depends on the customer’s available credit limit. Kredivo’s official App Store description advertises cash loans of up to ₱50,000 for eligible users. The ₱50,000 amount is therefore a maximum platform limit rather than a guaranteed offer for every borrower.
Basic users may be offered:
Premium users may be offered:
Kredivo states that there are no registration or annual fees. The final cost is shown in the application before the customer confirms a transaction.
A registered user can request a cash loan through the following process:
The receiving account must be under the same name shown on the government-issued ID used to register the Kredivo account. The company states that approved funds are normally received within one business day or earlier where possible.
Each cash loan reduces the customer’s available Kredivo credit limit. Once the loan has been fully repaid, the corresponding amount is restored to the available limit.
Kredivo can also be used to pay supported bills, including electricity, mobile load, data and other utility services available in the application.
The company publishes the following general bill-payment charges:
Bill payments also use part of the customer’s assigned credit limit. The available limit is restored after repayment.
The official eligibility criteria are:
Kredivo states that its services are available nationwide in the Philippines. Meeting the basic conditions does not guarantee approval or a particular credit limit.
Kredivo lists the following documents among the IDs accepted for an application:
The applicant must submit a photograph of the selected ID and a selfie. An active email address and a registered, active mobile number are also required.
The application process is completed through the official Kredivo mobile app.
The applicant downloads Kredivo from Google Play or the Apple App Store. The developer shown in the current iOS listing is Kredivo Philippines Financing Corp.
The customer completes the registration form and supplies the basic personal information requested in the application.
The applicant uploads one accepted government-issued ID and completes the required selfie verification.
A registered mobile number and active email address must be supplied so that Kredivo can send verification, application and account notifications.
Kredivo states that an approved application is processed within 24 hours during its operating hours of 9:00 a.m. to 9:00 p.m. The result is sent through email and SMS.
Once an account is activated, the customer receives an activation email and a User Onboarding Agreement containing the registered information and applicable account terms.
Kredivo assigns an individual transaction or credit limit to each approved account. The limit available for a specific transaction may vary according to the selected repayment period.
The User Agreement allows Kredivo to increase or reduce an assigned limit after assessing the account and information available about the account holder. The customer is notified when the limit changes. However, the current FAQ states that users cannot manually request an increase in their credit limit.
Customers can view the available limit inside the application. Using the account for a purchase, cash loan or bill payment reduces the available balance until the relevant transaction is repaid.
The official app listing states that monthly interest across Kredivo installment products ranges from 0% to 3.99%, while service or administrative charges range from 1% to 5%. It publishes an APR range of 0% to 115% for installment plans.
The rate depends on:
A 0% interest transaction may still include an administrative fee. For example, the one-month QRPh option and bill-payment service carry a 1% fee even though the published interest rate is 0%.
Before confirming a transaction, the customer should review:
The individual confirmation page and Disclosure Statement determine the conditions applicable to a specific transaction.
Customers can view outstanding transactions, future payments and due dates through the Transactions section of the application.
To make a payment, the user:
Kredivo currently lists QRPh, bank transfers and electronic wallets among its payment methods.
The official FAQ lists the following charges imposed by payment providers:
These charges are collected by the payment platforms rather than Kredivo. Available methods and provider fees may change, so the current instructions in the application should be checked before payment.
Kredivo permits customers to pay a loan before its scheduled maturity date. However, the official FAQ states that early repayment still includes the full interest for the agreed loan term.
An early payment may therefore close the obligation sooner without necessarily reducing the originally agreed interest. The customer should confirm the settlement amount in the application or with customer service before paying.
The official FAQ states that an overdue balance is subject to 5% late-payment interest on the remaining balance per month.
Kredivo may continue sending payment reminders and may take further action under the loan agreement. This may include engaging third-party collection services and reporting an unpaid obligation to the Credit Information Corporation.
Under the User Agreement, payments are applied in the following order:
If the account remains unpaid for 60 days after the due date, Kredivo may use a third-party recovery agent and seek applicable collection and legal costs.
The Kredivo User Agreement provides a three-business-day cooling-off period after the execution of a loan agreement. During this period, the account holder may reconsider the costs and risks and submit a written cancellation notice to the company.
The agreement also states that outstanding amounts become payable if the account or agreement is terminated. Customers seeking to use the cooling-off period should contact Kredivo promptly and obtain written confirmation of the cancellation and settlement procedure.
Kredivo Philippines Financing Corp. states that it processes personal information in connection with credit and financing products and operates under the supervision of the Securities and Exchange Commission.
The company may use personal, identity, contact and transaction information to:
The User Agreement permits relevant credit information to be disclosed to credit-scoring companies, financial institutions, credit bureaus, service providers and collection partners where necessary for credit assessment, transaction processing or recovery.
Kredivo Philippines Lending Corp. is also listed by the Credit Information Corporation as an accessing entity. The CIC list had not yet been updated to the company’s newer financing-corporation name at the time reviewed.
Kredivo accounts are restricted to the registered account holder. The user must protect the PIN, password and one-time verification codes and must not allow another person to operate the account.
The application currently permits login on one verified device at a time. When switching to a new device, the customer may need to enter an OTP and complete selfie verification. A lost or stolen device should be reported to customer service so the old device can be unlinked.
The official Kredivo website publishes the following information:
The historical SEC register listed Advantage Lending Corp. under the same SEC registration number but with the earlier Certificate of Authority Number 2936, issued on May 27, 2019. The current company website now displays Certificate of Authority Number 1323 following the company’s conversion to a financing corporation.
Kredivo Philippines Financing Corp. publishes the following contact details:
Customers should use these official channels to verify suspicious messages, report unauthorized transactions, request account assistance or raise questions about payments and loan terms.
Yes, the Kredivo Philippines Financing Corp. is legit. It registered with the Securities and Exchange Commission (SEC), with Registration No. CS201905678 and Certificate of Authority No. 2936. To verify this information, you may also visit the official SEC website.
If you want to file a complaint against "Kredivo Philippines Financing Corp.", you may leave a review or contact the SEC by email at [email protected] or by calling the SEC Call Center at 02-5322-7696.
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