Updated September 28, 2026 · BorrowCue Editorial Team
Kredivo vs Solcredito MX
Where Kredivo and Solcredito MX differ
| Compare |  Kredivo |  Solcredito MX |
|---|---|---|
| APR | 0% to 41.51%Lower | 9.5% to 3,696% |
| Loan amount | IDR 1,000,000 to IDR 50,000,000 | up to MX$100,000 |
| Term | 1 to 24 months | 3 to 48 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 MXN |
| Funding time | Application in 5 minutes, account decision within 1x24 hours | Within 24 hours |
| Representative example | IDR 4,000,000 over 12 months at 1.99% per month: IDR 412,950 per month, IDR 4,955,400 total | Borrow $10,000 at a 12% annual rate over 6 months: monthly payment $1,732.98, total repayment $10,397.88 (total CAT 12.001%) |
| Lender type | Direct lender | Broker |
| Eligibility | Indonesian citizens aged 18 to 60, domiciled in Indonesia, minimum monthly income IDR 3,000,000 | 18-80 years old, resident in Mexico, hold an account at a national bank, email and mobile phone |
| Loan types | BNPL, Personal, Credit line | Personal, Car, Secured, Debt consolidation, BNPL |
| Credit check | Hard | Not confirmed |
| Origination fee (%) | 0% | Not confirmed |
| Credit needed | Not confirmed | Poor |
| Use cases | Not confirmed | Home improvement |
Same on both: Rate type (Fixed).
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Key differences
- Kredivo scores higher overall: 9.3 vs 8.7.
- APR is lower at Kredivo: 0% to 41.51% vs 9.5% to 3,696%.
- Term is higher at Solcredito MX: 3 to 48 months vs 1 to 24 months.
- Support channels: only Kredivo offers Phone, Chat.
- Features: only Kredivo offers Credit line.
- Loan types: only Kredivo offers Credit line.
- Loan types: only Solcredito MX offers Car, Secured, Debt consolidation.
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.
Solcredito MX
Solcredito MX suits Mexican residents with poor credit who need a personal loan quickly and want the repayment fixed. Funding lands Within 24 hours, the origination fee is 0 MXN, and the wide rate band is the main thing to check before you sign.
Score breakdown
| Area | Kredivo | Solcredito MX |
|---|---|---|
| Cost | 9.7HigherArrangement fee is 0% on the installment plans, and the rate type is fixed, so instalment costs do not drift. | 8.9 |
| Offer | 8.7Higher | 8.59.5% to 3,696% is far wider than the alternatives, which is what holds the offer score back, though the fixed fixed rate keeps payments predictable. |
| Trust | 9.2Higher | 8.5 |
Ranges side by side
| Fact | Kredivo | Solcredito MX |
|---|---|---|
| APR | 0% to 41.51% | 9.5% to 3,696% |
| Term | 1 to 24 months | 3 to 48 months |
Licences and countries
| Country | Kredivo | Solcredito MX |
|---|---|---|
| Indonesia | Not confirmed |
Additional countries for Kredivo: 1. Additional countries for Solcredito MX: 1.
Which one suits you
Pick Kredivo if cost, trust, and apr matter most.
Pick Solcredito MX if term matter most.
Sources behind this comparison
Kredivo
- kredivo.id: 12 facts, checked September 26, 2026
- play.google.com: 5 facts, checked September 26, 2026
Solcredito MX
- solcredito.mx: 18 facts, checked September 26, 2026
How they place
| Ranking | Kredivo | Solcredito MX |
|---|---|---|
| Personal loans | 84 of 1932 | 61 of 1932 |
| Buy now, pay later | 4 of 88 | 2 of 88 |
Every fact side by side
| Fact | Kredivo | Solcredito MX |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding, Credit lineCovers more | Same day funding |
| Legal entity | PT Kredivo Finance Indonesia | Fiizy OU |
| Headquarters | Indonesia | Estonia |
| Founded | Not confirmed | 2011 |
| Support channels | Phone, Email, Chat, Help centreCovers more | Email, Help centre |
Where each stands against the rest
| Fact | Kredivo | Solcredito MX | Median |
|---|---|---|---|
| APR | 0% to 41.51%lowest quarter | 9.5% to 3,696%above the median | 8.99 |
| Term | 1 to 24 monthslowest quarter | 3 to 48 monthsbelow the median | 60 |
| Origination fee (%) | 0%below the median | Not confirmed | 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
Solcredito MX
Pros
- Origination fee of 0 MXN, so the cost is the interest and the amount you repay rather than a fee sitting on top.
- Poor credit is enough: poor is the stated requirement, and 70.1% shows most brands in the bad credit ranking ask the same.
- Quick payout on an accepted application, with funding Within 24 hours and same-day funding listed as a feature, same day funding.
Cons
- The rate band is the weak point: 9.5% to 3,696% stretches far wider than the 10% to 23% at Monzo Flex or the PHP 12 to PHP 36 at Cashspace.
- Support runs on email and help centre only, while phone is the most common channel in the personal loan ranking, 85.3%.
- It is a broker, broker, so the rate and the contract come from whichever lender takes the application, and direct lenders lead the personal loan ranking at 76.3%.
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
Solcredito MX
Who it suits
- Adults living in Mexico with a bank account, an email address and a mobile number, applying on poor credit.
- Borrowers who need the money Within 24 hours and can live with a monthly amount set on a fixed basis.
- People consolidating debts, buying a car or fixing up a home, since personal, car and secured and home improvement cover those uses.
Who should look elsewhere
- Borrowers who want a tight rate band: Monzo Flex prices at 10% to 23% and Cashspace at PHP 12 to PHP 36, both narrower than 9.5% to 3,696%.
- People who need to talk something through, since support is limited to email and help centre rather than a phone line.
- Borrowers wanting a bigger sum than up to MXN 100,000 or a longer term than 3 to 48, who would do better checking direct lenders than a broker.
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
Solcredito MX
Current offer
First period offer
First loan from 0% interest: 0% interest on the first loan
Offer depends on the lender network; the exact CAT and any charges are disclosed before signing the loan contract
Source, checked September 26, 2026
Bonus
Extra $12,000 from 0% for special events: 12,000 MXN additional credit at 0%
Special event promotion on personal loans, terms per lender offer
Source, checked September 26, 2026
Country by country
| Country | Kredivo | Solcredito MX |
|---|---|---|
| Indonesia | Yes | No |
| Mexico | No | Yes |
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.
Solcredito MX
What rate will I pay on a Solcredito MX personal loan?+
Rates depend on the partner lender your application reaches, and the published band is 9.5% to 3,696%, which is wide. For context, the middle of the market on this site is 12%. Ask for the rate in writing once an offer lands, and compare the total you repay against the amount you borrow.
Does Solcredito MX charge an origination fee?+
The stated origination fee is 0 MXN, so the headline cost here is the interest itself. That compares well with lenders that add a fee on top of the rate. Read the partner lender's terms too, since a broker arrangement carries terms set by the funder.
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