CREZU Loan Review 2024: Online Financing Platform in the Philippines

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In this review, we will examine Crezu Loan, an online financing application available in the Philippines. We will discuss the legitimacy of Crezu, the login and payment procedures, the loan application process, and provide contact information for customer support. By the end of this article, you will have a clear understanding of what Crezu Loan offers and whether it is the right choice for your financial needs.

Summary of Crezu Loan

  • Review: Crezu Loan is an online lending service that operates in the Philippines. It offers a convenient platform for individuals to access loans quickly and easily.
  • Guide to Applying Online: We will provide a step-by-step guide on how to apply for a loan through the Crezu Loan app.
  • Loan Amount: Crezu Loan offers loan amounts ranging from 1,000 to 20,000 Pesos, providing flexibility to borrowers based on their specific financial requirements.
  • Age Requirement: To be eligible for a Crezu Loan, applicants must be between 22 and 70 years old, ensuring that a wide range of individuals can access their services.
  • Loan Term: Crezu Loan provides loan durations ranging from 2 to 4 months, allowing borrowers to choose a repayment period that suits their financial capabilities.
  • Interest Rate: One of the attractive features of Crezu Loan is its 0% interest rate for the first loan, providing an opportunity for borrowers to access funds without incurring additional costs.
  • Pros: The Crezu Loan app offers a user-friendly interface and a streamlined application process, making it convenient for borrowers to apply for loans.
  • Cons: However, some users have found that the registration process involves multiple steps, which can be slightly time-consuming.
  • Effectiveness: Crezu Loan has proven to be an effective online lending platform, catering to the financial needs of thousands of customers.
  • Bad Debt: Unlike traditional financial institutions, Crezu Loan accommodates individuals with bad debt, offering them an opportunity to access much-needed funds.
  • Feedback: For more detailed feedback and customer reviews, please refer to the full article.
  • Crezu App Download (APK): To access Crezu Loan services, interested individuals can download the app using the provided link.

What is Crezu Loan?

Crezu Loan is an online lending application developed by Fininity Ltd. The platform acts as an intermediary between borrowers and lending institutions, facilitating the loan application process and suggesting suitable loan partners. Crezu Loan offers personal loans ranging from 1,000 to 25,000 pesos, with loan terms varying from 61 to 120 days. By leveraging technology, Crezu Loan aims to provide a seamless and efficient borrowing experience for individuals in need of financial assistance.

Pros of Crezu Loan in the Philippines

Crezu Loan offers several advantages that make it an appealing option for individuals seeking financial support. Some of the pros include:

  • 24/7 Financial Services: Crezu Loan operates round the clock, ensuring that borrowers can access their services at any time.
  • No Proof of Income Required: Unlike traditional lending institutions, Crezu Loan does not require borrowers to provide proof of income, making it easier for individuals without regular employment to apply for loans.
  • No Collateral Required: Crezu Loan offers unsecured loans, meaning borrowers are not required to pledge valuable assets as collateral.
  • Instant Processing: One of the key advantages of Crezu Loan is its quick loan processing time. The platform can suggest suitable lenders within 5 minutes of receiving a loan application, allowing borrowers to access funds promptly.
  • No Credit History Check: Crezu Loan does not consider a borrower’s credit history during the loan approval process. This opens up opportunities for individuals with less-than-perfect credit scores to obtain loans.
  • Minimal Requirements: To apply for a loan through Crezu Loan, borrowers only need a valid personal ID and a genuine bank account. This simplicity makes the application process accessible to a wide range of individuals.
  • Free Service: Crezu Loan provides loan assistance to over 300,000 customers without charging any fees, ensuring that borrowers can access funds without incurring additional costs.
  • High Browsing Rate: Crezu Loan boasts a high browsing rate of over 94%, indicating its popularity and reliability among borrowers.
  • Nationwide Support: Crezu Loan extends its services to all citizens within the Philippine territory, ensuring that individuals across the country can benefit from its financial assistance.
  • First Loan with 0% Interest: New customers applying for loans through Crezu Loan can enjoy a 0% interest rate for their first loan, making it an attractive option for those seeking cost-effective financing solutions.

Cons of Crezu Loan App

While Crezu Loan offers several advantages, it also has a few limitations that borrowers should consider. These include:

  • Loan Limit: Crezu Loan has a relatively lower loan limit compared to other lending options, which may not be suitable for individuals with higher borrowing needs.
  • Short Payment Term: The loan repayment period for online loans in the Philippines tends to be shorter, which may result in higher monthly installment amounts. Borrowers should assess their ability to meet these payment obligations before applying for a loan.
  • Higher Interest Rates: Crezu Loan’s interest rates are higher compared to unsecured loans offered by traditional banks. Borrowers should carefully evaluate the total cost of the loan before proceeding with their application.

Crezu Loan Interest Rate

The interest rates for Crezu Loan vary depending on the specific loan package and the borrower’s profile. Rates range from 12% to 36% per year. However, new customers applying for loans for the first time can enjoy a 0% interest rate, further incentivizing individuals to choose Crezu Loan for their financial needs.

Example of Crezu Interest Rate Calculation

To provide a better understanding of how interest rates are calculated with Crezu Loan, let’s consider an example. Suppose a customer applies for a Crezu Loan of 10,000 pesos with a term of 3 months and an interest rate of 12% per year (equivalent to 1% per month). Based on this information, we can calculate the monthly principal amount, the monthly interest payment, and the total amount to be repaid in one month.

The principal amount payable in one month would be calculated as follows: Principal Amount = Loan Amount / Loan Term Principal Amount = 10,000 pesos / 3 months Principal Amount = 3,333.3 pesos

The amount of interest payable in one month would be calculated as follows: Interest Payment = Loan Amount x Monthly Interest Rate Interest Payment = 10,000 pesos x 1% Interest Payment = 100 pesos

Therefore, the total amount that customers would need to repay in one month would be: Total Repayment Amount = Principal Amount + Interest Payment Total Repayment Amount = 3,333.3 pesos + 100 pesos Total Repayment Amount = 3,433.3 pesos

Crezu Loan Requirements

To apply for a loan through Crezu Loan, borrowers need to meet certain requirements. These include being a Filipino citizen between the ages of 18 and 70 years old, possessing an active email address and a genuine phone number, and having at least one valid personal ID. By fulfilling these requirements, borrowers can proceed with their loan application process.

  • First Crezu Loan: Forthe first loan, borrowers are required to provide personal information and verify their ID against the registered information. The Crezu Loan system will then suggest reputable and suitable lending partners within 5 minutes. Borrowers can choose the most suitable lender, complete the registration process, and sign a contract to receive the loan disbursement.
  • Crezu 2nd Loan: Returning borrowers only need to log in to their Crezu account. As their personal information is already stored in the system, Crezu Loan will immediately suggest suitable loan services for them.

Guide to Crezu Loan Application Step-by-Step

To ensure a smooth loan application process through Crezu Loan, borrowers can follow these step-by-step instructions:

  • Step #1: Go to Crezu’s loan application page by accessing their website through the provided link: Crezu Website
  • Step #2: Choose your desired loan limit by adjusting the slider according to your specific borrowing needs. Once you have determined the loan amount, click “Request your loan.”
  • Step #3: Fill out the required information on Crezu’s inquiry form, including your name, date of birth, phone number, and email address. Take the time to carefully review and agree to the terms and conditions of the loan application. Finally, click “Request your loan” to proceed.
  • Step #4: After submitting your information, the Crezu Loan system will search for and suggest the most suitable lenders based on your provided details. Take the time to review the loan limit, term, approval rate, and loan approval time of each lender. Choose the lender that best aligns with your borrowing preferences.

Click “Get money” to proceed with your loan application. The system will notify you once your loan is approved, and the disbursed amount will be transferred directly to your designated bank account.

Crezu Loan Repayment Options

Crezu Loan offers borrowers flexibility in terms of repayment methods. Some of the payment options available include:

  • Bank Transfer: Borrowers can transfer the full repayment amount to the lender’s account using the provided account number and following the specified instructions.
  • E-Wallet Payment: Loan payments can be made through popular e-wallet applications such as GCash and ShopeePay. Simply search for the lender’s name and enter the loan invoice number to complete the transaction.
  • Cash Payment at Payment Centers: Crezu Loan also allows borrowers to make cash payments at various payment centers, including 7-Eleven, Palawan Express, Bayad, MLhuillier, and Cebuana Lhuillier.

Comparison of Crezu Loan App with Other Loan Apps in the Philippines

To provide a comprehensive overview, we have compared Crezu Loan with two other popular loan apps in the Philippines—Pesoredee App and Digido App. The table below outlines the differences in terms of loan limits, interest rates, loan durations, age requirements, and browsing times for each platform.

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

Loan App Crezu App Pesoredee App Digido App
Amount 1000 – 25,000 PHP 1000 – 30,000 PHP 500 – 30,000 PHP
Interest 1% – 3%/month 12%/month 12%/month
Term 2 – 4 months 3 – 6 months 3 – 6 months
Age 18 – 70 years old 22 – 70 years old 21 – 70 years old
Processing time 5 minutes 10 minutes 5 minutes

Crezu Loan Contact Information

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

FAQs – Crezu Loan App in the Philippines

To address common questions and concerns, we have compiled a list of frequently asked questions about Crezu Loan, along with detailed answers:

Is Crezu Loan Legit?

While Crezu Loan is not certified by the Securities and Exchange Commission, its parent company, Fininity Ltd, operates legally with a valid registration number of 14523902. Therefore, customers can have complete confidence in the safety and legitimacy of Crezu Loan.

Is Crezu SEC Registered?

Crezu Loan has not obtained SEC registration as it operates as an intermediary lender, connecting individuals in need of fast online loans with online financial support companies. Crezu Loan functions as a facilitator rather than a direct lender or financial institution.

What is Crezu Loan?

Crezu Loan is an online lending platform developed by Fininity Ltd. It simplifies the loan application process by collecting the necessary information and suggesting suitable loans from reliable financial partners within just 2 minutes.

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

If you find yourself in need of fast and convenient online loans with quick disbursement, Crezu Loan may be a suitable solution for your financial needs. With its user-friendly app interface and efficient loan comparison feature, Crezu Loan enables borrowers to compare loan products from various partners and select the most suitable option within a short span of 2 minutes. We hope this comprehensive review has provided valuable insights into Crezu Loan. If you have any further questions or require assistance, please feel free to leave a comment, and our support team will respond promptly.

4.9/5 - (14 votes)
cashexpress Changed status to publish July 7, 2023