Crezu Loan Review Online PH: Legit? SEC Registered? Interest Rate

In the world of online financial services, it’s crucial to sift through the options to find a trustworthy and legitimate platform. Crezu, a Philippines-based online lending application, has garnered attention for its convenience and accessibility. But the question remains: Is Crezu legit? In this comprehensive review, we’ll delve into the details of Crezu loans, their legitimacy, and their interest rates. We’ll also explore the application process, pros, and cons, providing you with a well-rounded perspective on Crezu.

Don’t overlook:

Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in May 2024 

Rank Lender Name & Application Link Loan Amount Loan Term Interest Rate Repayment ID Required Age Range Special Feature
#1

SOSCREDIT
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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 70 Receive money in 15 mins
#2

CREDIFY
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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only National ID required 20 – 70 Receive money in 15 mins
#3

CREZU
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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval
#4

FINBRO
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₱1,000 – ₱50,000 1 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 65 Receive money in 10 mins
#5 CREDITIFY
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₱1,000 – ₱25,000 1 – 180 days 0.1% Monthly or End of term Only ID Card required All accepted Approve Bad credit
#6 CASHSPACE
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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval
#7 DIGIDO
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₱1,000 – ₱25,000 3 – 6 months 0% for 7 days Monthly or End of term Only ID Card required 21 – 70 Receive money in 4 mins
#8 KVIKU
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₱500 – ₱25,000 60 – 180 days 1.2% per month Monthly or End of term Only ID Card required 18 – 65 Receive money in 5 mins
#9 CASHEXPRESS
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₱1,000 – ₱20,000 7 – 30 days 0% for first loan End of term Only ID Card required 21 – 70 Receive money in 5 mins
#10 MONEYCAT
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₱500 – ₱20,000 7 – 180 days 0% for first loan End of term Only ID Card required 22 – 65 Easy loan approval

1. Summary of Crezu Loan

  • Loan Amount: 1000 – 20,000 Pesos
  • Age Requirement: 22 – 70 years old
  • Loan Term: 2 – 4 months
  • Interest Rate: 0% for the first loan
  • Pros: User-friendly loan app
  • Cons: Lengthy registration process
  • Effectiveness: Good
  • Bad Debt: Accepted
  • Feedback: Detailed reviews in this article
  • Link ApplyAPPLY CREZU LOAN ONLINE
  • Contact Number: 09376530921

2. What is Crezu?

Crezu is an ID-only online money lending application developed by Fininity Ltd. Acting as an intermediary between borrowers and lending institutions, Crezu streamlines the loan application process. Crezu’s personal loans range from 1000 to 25,000 pesos with terms spanning 61 to 120 days.

3. Pros of Crezu Philippines

Crezu offers several advantages, including:

  • 24/7 Service: Access financial services around the clock.
  • No Proof of Income: No need for income documentation.
  • No Collateral: Unsecured loans without valuable asset requirements.
  • Instant Processing: Borrower suggestions in as little as 5 minutes.
  • No Credit Check: Credit history is not a factor in loan approval.
  • Minimal Requirements: Valid ID, a bank account, and internet access.
  • Extensive Reach: Over 300,000 satisfied customers.
  • High Approval Rate: Approval rate of over 94%.
  • Nationwide Coverage: Available to all Philippine citizens.
  • Zero Interest for First Loan

4. Cons of Crezu Loan App

Despite its advantages, Crezu has its limitations:

  • Low Loan Limits: Not suitable for significant financial needs.
  • Short Loan Terms: Shorter repayment periods for online loans.
  • Higher Interest Rates: Interest rates are comparatively higher than traditional bank loans.

5. Crezu Loan Interest Rate

Crezu’s interest rates range from 12% to 36% annually, depending on the loan package and borrower’s profile. First-time customers may enjoy 0% interest on their initial loan.

6. Example of Crezu Interest Rate Calculation

For example, if a customer borrows 10,000 pesos for 3 months at an annual interest rate of 12% (1% per month), they would pay:

  • Principal Amount per Month: 10,000 / 3 = 3,333.3 pesos
  • Monthly Interest: 10,000 x 1% = 100 pesos
  • Total Monthly Payment: 3,433.3 pesos

7. Crezu Loan Requirements

To apply for a Crezu loan, customers must:

  • Be Filipino citizens aged 18 to 70.
  • Have an active email and phone number.
  • Possess at least one valid personal ID.

8. Guide to Crezu Loan Application Step-by-step

Here are the steps to apply for a loan with Crezu:

  • Step #1: Visit Crezu’s loan application page – APPLY NOW
  • Step #2: Choose your desired loan amount by adjusting the slider and click “Request your loan.”
  • Step #3: Fill out the required information, including name, date of birth, phone number, and email. Agree to the terms and conditions, then click “Request your loan.”
  • Step #4: Receive relevant loan offers. Review each lender’s terms, approval rate, and loan approval time. Select your preferred lender and click “get money” to apply. The approved loan amount will be transferred to your bank account.

9. Reviews: Crezu Online Loan App Feedback

More than 86% of Crezu customers return for additional loans. Here are some reviews from Crezu borrowers.

  • Reviewer 1: “Crezu has been a lifesaver for me. I needed a quick loan, and their app made it easy. The fact that they don’t require proof of income was a huge relief. I’d recommend Crezu to anyone in a financial pinch.”
  • Reviewer 2: “While the interest rates are higher, Crezu is so fast and convenient that it’s worth it. I’ve used it multiple times and never had any issues with repayment. It’s a great option for short-term financial needs.”
  • Reviewer 3: “The zero-interest offer for the first loan was what drew me to Crezu, and I was not disappointed. The process was straightforward, and I had the money in my account within hours. Highly recommended!”
  • Reviewer 4: “Crezu’s customer service is excellent. They guided me through the application process, and I felt well-supported throughout. The app itself is user-friendly, which is a big plus.”
  • Reviewer 5: “While Crezu’s loan limits are not the highest, they are perfect for my occasional financial emergencies. I appreciate the speed and convenience of the service.”

10. Crezu Repayment Options

Crezu offers flexible repayment methods, including:

  • Bank transfer
  • E-wallet payments (GCash, ShopeePay, etc.)
  • Cash payments at various centers (7-Eleven, Palawan Express, bayad, MLhuillier, Cebuana Lhullier)

11. Compare Crezu Loan App Philippines with Other Loan Apps

Criteria Crezu App Pesoredee App Digido App
Limits 1000 – 25,000 pesos 1000 – 30,000 pesos 500 – 30,000 pesos
Interest 1% – 3% per month 12% per month 12% per month
Tenor 2 – 4 months 3 – 6 months 3 – 6 months
Age 18 – 70 years old 22 – 70 years old 21 – 70 years old
Browsing Time 5 minutes 10 minutes 5 minutes

12. Crezu Loan Contact Information

  • Company Name: Fininity Ltd
  • Registration Number: 14523902
  • Address: Tartu Street 84a, Tallinn, 10112, Philippines
  • Contact Number: 09376530921

13. FAQs – Crezu Loan App in Philippines

We address common questions about Crezu loan:

Is Crezu Loan Legit?

While not SEC registered, Fininity Ltd, the company behind Crezu, operates legally with registration number 14523902.

Is Crezu SEC Registered?

Crezu is not SEC registered as it acts as an intermediary lender between borrowers and online financial support companies.

What is Crezu Loan?

Crezu is an intermediary financial advisory platform developed by Fininity Ltd, suggesting suitable loans based on borrowers’ information.

14. In Conclusion – Should You Apply for a Crezu Loan in the Philippines?

If you’re in need of fast and easily accessible online loans, Crezu could be a viable solution. With a simple application process and quick disbursement, it allows you to compare loan products from various partners in just 2 minutes. While it has its limitations, Crezu provides a valuable service for many borrowers in the Philippines.

In today’s fast-paced world, where financial emergencies can strike at any time, having access to a reliable and efficient lending platform like Crezu can make all the difference. Whether it’s covering unexpected medical bills, repairing a home appliance, or bridging a temporary financial gap, Crezu’s user-friendly interface and swift loan approval process make it a top choice for many Filipinos.

Crezu’s commitment to serving a broad demographic, from young adults to seniors, sets it apart in the competitive lending landscape. With an age range of 22 to 70 years old, it caters to a wide spectrum of borrowers, acknowledging that financial needs can arise at any stage of life.

One of Crezu’s standout features is its 0% interest rate for first-time borrowers, providing a financial lifeline without the burden of additional costs. This can be particularly beneficial for those who are new to the world of online lending and want to experience the convenience of digital financial services without immediate interest charges.

Furthermore, Crezu’s ability to operate 24/7 ensures that borrowers can access financial support at any time, even during weekends or holidays when traditional banks may be closed. This accessibility can be a game-changer for individuals facing urgent financial situations that can’t wait.

The absence of a stringent credit check is another noteworthy aspect of Crezu’s loan application process. Unlike traditional banks that heavily rely on credit history, Crezu primarily assesses borrowers based on their personal identification and bank account information. This inclusivity allows individuals with limited credit history or less-than-perfect credit scores to have a fair chance at securing a loan.

Crezu’s wide-reaching service extends to every corner of the Philippines, ensuring that citizens across the nation have access to much-needed financial support. The assurance of customer information confidentiality is a testament to their commitment to safeguarding sensitive data.

However, it’s essential to acknowledge Crezu’s limitations. While the loan limits are suitable for many short-term financial needs, those requiring larger sums may find the maximum amount of 25,000 pesos insufficient. Additionally, the relatively short loan terms and higher interest rates compared to traditional banks may not be the best fit for everyone.

In conclusion, Crezu has established itself as a reliable and efficient online lending platform in the Philippines. It offers a user-friendly experience, quick approvals, and accessibility around the clock. While it may not be the ideal solution for substantial financial requirements, it serves as a valuable resource for those seeking immediate financial relief.

So, should you apply for a Crezu loan in the Philippines? If you find yourself in need of fast and easily accessible online loans for small to medium-sized expenses, Crezu is undoubtedly worth considering. Its commitment to customer satisfaction, paired with a straightforward application process, makes it a viable option for many Filipinos. However, as with any financial decision, it’s crucial to assess your individual needs and financial situation to determine if Crezu aligns with your requirements.

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