Updated September 30, 2026 · BorrowCue Editorial Team
Kredivo vs Multitude Bank p.l.c
Kredivo vs Multitude Bank p.l.c: the differences
| Compare |  Kredivo |  Multitude Bank p.l.c |
|---|---|---|
| APR | 0% to 41.51%Lower | 24.99% |
| Term | 1 to 24 months | 9 to 199 monthsHigher |
| Arrangement fee | 0 for 1-month and 3/6/9/12/18/24-month installment tenors; 6% of the loan on KrediFazz cash loans | 0 DKK |
| Funding time | Application in 5 minutes, account decision within 1x24 hours | within minutes, 24/7 |
| Representative example | IDR 4,000,000 over 12 months at 1.99% per month: IDR 412,950 per month, IDR 4,955,400 total | Credit amount DKK 10,000 / 12 months: APR 24.99%, monthly payment DKK 934.96, total credit cost DKK 1,219.47 |
| Eligibility | Indonesian citizens aged 18 to 60, domiciled in Indonesia, minimum monthly income IDR 3,000,000 | Age 22+, Danish CPR number and registered address |
| Loan types | BNPL, Personal, Credit lineCovers more | Personal, Credit line |
| Loan amount | IDR 1,000,000 to IDR 50,000,000 | Not confirmed |
| Credit check | Hard | Not confirmed |
| Free early repayment | Not confirmed | Yes |
Same on both: Rate type (Fixed), Lender type (Direct lender), Origination fee (%) (0%).
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Key differences
- Kredivo scores higher overall: 9.3 vs 8.9.
- APR is lower at Kredivo: 0% to 41.51% vs 24.99%.
- Term is higher at Multitude Bank p.l.c: 9 to 199 months vs 1 to 24 months.
- Support channels: only Kredivo offers Phone, Email, Chat.
- Loan types: only Kredivo offers BNPL.
Our verdict on each
Kredivo
Kredivo suits Indonesian adults who want small, fixed-rate instalments or a credit line they can draw on. It lends directly, with a 0% arrangement fee on its installment plans, and decisions come back fast enough to hold the money for same-day spending.
Multitude Bank p.l.c
Multitude Bank p.l.c suits borrowers in Denmark seeking flexible credit line borrowing with rapid access to funds around the clock and clear fixed pricing for planning repayments with confidence over time. Pricing sits at APR of 24.99% with repayment terms of 9 to 199 months for extended schedules.
Score breakdown
| Area | Kredivo | Multitude Bank p.l.c |
|---|---|---|
| Cost | 9.7HigherArrangement fee is 0% on the installment plans, and the rate type is fixed, so instalment costs do not drift. | 9.1Cost reflects APR at 24.99% with 0% charge level. |
| Offer | 8.7Higher | 8.1Offer reflects personal and credit line with same day funding and credit line flexibility. |
| Trust | 9.2 | 9.3HigherTrust reflects direct lender status and 2005 history. |
From lowest to highest
| Fact | Kredivo | Multitude Bank p.l.c |
|---|---|---|
| Term | 1 to 24 months | 9 to 199 months |
Feature by feature
| Loan types | Kredivo | Multitude Bank p.l.c |
|---|---|---|
| Personal | Yes | Yes |
| Credit line | Yes | Yes |
| BNPL | Yes | No |
Also worth a look
FINANZCHECK.de has apr at -0.4% to 19.9%, against 0% to 41.51% for Kredivo and 24.99% for Multitude Bank p.l.c.
FINANZCHECK.de reviewWhat we checked
Kredivo
- kredivo.id: 12 facts, checked September 26, 2026
- play.google.com: 5 facts, checked September 26, 2026
Multitude Bank p.l.c
- ferratumbank.dk: 17 facts, checked September 30, 2026
How they place
| Ranking | Kredivo | Multitude Bank p.l.c |
|---|---|---|
| Personal loans | 84 of 1932 | 29 of 1932 |
| Lines of credit | 12 of 328 | 4 of 328 |
Every fact side by side
| Fact | Kredivo | Multitude Bank p.l.c |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding, Credit line | Same day funding, Credit line |
| Legal entity | PT Kredivo Finance Indonesia | Multitude Bank p.l.c. |
| Headquarters | Indonesia | Malta |
| Founded | Not confirmed | 2005 |
| Support channels | Phone, Email, Chat, Help centreCovers more | Help centre |
Where each stands against the rest
| Fact | Kredivo | Multitude Bank p.l.c | Median |
|---|---|---|---|
| APR | 0% to 41.51%lowest quarter | 24.99%highest quarter | 8.99 |
| Loan amount | IDR 1,000,000 to IDR 50,000,000lowest quarter | Not confirmed | IDR 100,000,000 |
| Term | 1 to 24 monthslowest quarter | 9 to 199 monthshighest quarter | 60 |
| Origination fee (%) | 0%below the median | 0%below the median | 0.25% |
Median across 1005 listed lenders.
Pros and cons
Kredivo
Pros
- No arrangement fee on installment plans, at 0%
- Fixed rates at fixed, so monthly payments do not drift
- Repayment terms run 1 to 24, so short and long plans both work
Cons
- Applications use a hard credit check (hard)
- APR runs as high as 0% to 41.51% at the top of the range
- KrediFazz cash loans add an arrangement fee on top of interest, unlike the installment plans
Multitude Bank p.l.c
Pros
- Funding arrives within minutes, 24/7 with same day funding and credit line access for borrowers managing urgent spending needs.
- Origination fee of 0 DKK with level at 0% keeps upfront charges contained for personal and credit line.
- Free early repayment allows clearing balances ahead of schedule without extra charge across 9 to 199 months.
Cons
- Support runs on help centre only, which may suit borrowers comfortable with self service help around within minutes, 24/7.
- Pricing at 24.99% exceeds 23% from Mi Prestamo, which matters for rate sensitive borrowing over 9 to 199 months.
- Fixed pricing through fixed and fixed rate leaves limited choice for borrowers seeking variable terms over 9 to 199 months.
Who each suits
Kredivo
Who it suits
- Adults in Indonesia with a steady monthly income who can meet the eligibility rules
- Shoppers splitting purchases into instalments through the app
- Borrowers who want an app-drawn credit line as well as a one-off loan
Who should look elsewhere
- Anyone outside Indonesia, since eligibility is limited to Indonesian citizens domiciled there
- Monzo Flex, for borrowers who prefer a lower-rate personal loan over an instalment app
- Cashspace, for anyone wanting a single credit decision against a stated APR range
Multitude Bank p.l.c
Who it suits
- Residents who value rapid credit line access and accept support on help centre may prefer this brand over AXI Card Tarjeta y Credito for direct bank servicing.
- Borrowers planning extended repayment across 9 to 199 months with fixed pricing at 24.99% may prefer this brand over Ibancar Prestamos for schedule flexibility.
- Danish applicants meeting Age 22+, Danish CPR number and registered address who want personal and credit line from direct lender may prefer this brand over Mi Prestamo for account structure.
Who should look elsewhere
- Borrowers seeking phone based service rather than support on help centre may prefer Mi Prestamo for a different contact approach.
- Borrowers prioritising lower headline APR than 24.99% may prefer Ibancar Prestamos because its listed APR at 12.74% to 13.01% sits below this brand.
Current offers
Kredivo
Current offer
Discount code
Triple 0: 0% installments for 12 months on iPhone 15, iPhone 16 and Macbook, plus 2 months free: 0% installment interest, 0% admin fee, 0% down payment, 2 months free; 6% admin fee per transaction on the 2-months-free part
Stated promo period runs until December 2025; valid at Erafone, iBox, Digimap, Digiplus, Blibli Store and Hello; one voucher per user; min. transaction IDR 500,000; late payment adds 2 installments plus interest and late fees
Source, checked September 26, 2026
Country by country
| Country | Kredivo | Multitude Bank p.l.c |
|---|---|---|
| Denmark | No | Yes |
| Indonesia | Yes | No |
Questions about each
Kredivo
What does Kredivo cost to borrow?+
The arrangement fee on the installment plans is 0%, and interest is charged at 0% to 41.51% on a fixed rate, so the monthly payment holds steady across the term. KrediFazz cash loans charge an arrangement fee on top of that interest.
How long can I borrow for?+
Terms run 1 to 24, so a plan can be as short as a single month or stretch across a longer repayment period. The longer the term, the more you pay in interest overall, so the shortest workable term costs least in total.
Multitude Bank p.l.c
What does borrowing cost?+
Fixed rate pricing applies at APR of 24.99% under fixed terms through fixed rate. The published representative example outlines monthly payment and total credit cost for planning. Fixed pricing helps borrowers anticipate repayment amounts across 9 to 199 months.
How fast is funding?+
Funding is described as within minutes, 24/7 with availability noted in same day funding and credit line. Credit line access allows repeated withdrawals within the agreed limit subject to checks. Timing can vary with verification and bank processing while direct lender manages disbursement.
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