Updated October 14, 2026 · BorrowCue Editorial Team
Kredivo vs Timo by BVBank
Where Kredivo and Timo by BVBank differ
| Compare |  Kredivo |  Timo by BVBank |
|---|---|---|
| APR | 0% to 41.51%Lower | 2.1% |
| Loan amount | IDR 1,000,000 to IDR 50,000,000 | up to ₫50,000,000 |
| Arrangement fee | 0 for 1-month and 3/6/9/12/18/24-month installment tenors; 6% of the loan on KrediFazz cash loans | Kredivo platform fee charged once per loan, varies by loan term (VND 21,000 on a VND 700,000 loan) |
| Funding time | Application in 5 minutes, account decision within 1x24 hours | Within 1 business day of BVBank approval |
| Representative example | IDR 4,000,000 over 12 months at 1.99% per month: IDR 412,950 per month, IDR 4,955,400 total | VND 700,000 personal loan over 3 months: platform fee VND 21,000, interest about VND 51,184, total to repay VND 772,184, about VND 257,350 per month |
| Eligibility | Indonesian citizens aged 18 to 60, domiciled in Indonesia, minimum monthly income IDR 3,000,000 | Vietnamese citizens aged 18 or over with a valid chip ID card open online in the app; foreigners aged 15 or over legally residing in Vietnam may open an account at a BVBank branch with a valid passport plus visa, temporary residence card or permanent residence card |
| Term | 1 to 24 months | Not confirmed |
| Credit check | Hard | Not confirmed |
| Origination fee (%) | 0% | Not confirmed |
Same on both: Rate type (Fixed), Lender type (Direct lender), Loan types (BNPL, Personal, Credit line).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Timo by BVBank scores higher overall: 9.6 vs 9.3.
- APR is lower at Kredivo: 0% to 41.51% vs 2.1%.
- Support channels: only Timo by BVBank offers Community.
- Features: only Kredivo offers Same day funding.
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.
Timo by BVBank
Timo by BVBank presents instalment loans through financial partners. The unsecured loans are repaid monthly into a Timo account; applications require Vietnamese nationality.
Score breakdown
| Area | Kredivo | Timo by BVBank |
|---|---|---|
| Cost | 9.7Arrangement fee is 0% on the installment plans, and the rate type is fixed, so instalment costs do not drift. | 9.7 |
| Offer | 8.7 | 10.0Higher |
| Trust | 9.2 | 9.2 |
Feature by feature
| Loan types | Kredivo | Timo by BVBank |
|---|---|---|
| Personal | Yes | Yes |
| Credit line | Yes | Yes |
| BNPL | Yes | Yes |
Also worth a look
FINANZCHECK.de has apr at -0.4% to 19.9%, against 0% to 41.51% for Kredivo and 2.1% for Timo by BVBank.
FINANZCHECK.de reviewHow they place
| Ranking | Kredivo | Timo by BVBank |
|---|---|---|
| Personal loans | 84 of 1920 | 255 of 1920 |
| Lines of credit | 12 of 328 | 39 of 328 |
| Buy now, pay later | 4 of 88 | 9 of 88 |
Every fact side by side
| Fact | Kredivo | Timo by BVBank |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding, Credit lineCovers more | Credit line |
| Legal entity | PT Kredivo Finance Indonesia | Ban Viet Joint Stock Commercial Bank (BVBank) |
| Headquarters | Indonesia | Vietnam |
| Support channels | Phone, Email, Chat, Help centre | Email, Chat, Phone, Help centre, CommunityCovers more |
Where each stands against the rest
| Fact | Kredivo | Timo by BVBank | Median |
|---|---|---|---|
| APR | 0% to 41.51%lowest quarter | 2.1%lowest quarter | 8.99 |
| Term | 1 to 24 monthslowest quarter | Not confirmed | 60 |
| Origination fee (%) | 0%below the median | Not confirmed | 0.25% |
Median across 1144 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
Timo by BVBank
Pros
- Unsecured instalment-loan options provided by financial partners.
- Monthly repayments and disbursement to a Timo account.
Cons
- Partner and product terms, income and credit criteria apply; Vietnamese nationality is required.
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
Timo by BVBank
Who it suits
- Vietnamese customers comparing partner-provided instalment borrowing through Timo.
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
Timo by BVBank
Current offer
Bonus
New-customer savings offer when shopping with 7-Eleven: VND 100,000 for new customers
for new Timo customers
Source, checked September 26, 2026
Country by country
| Country | Kredivo | Timo by BVBank |
|---|---|---|
| Indonesia | Yes | No |
| Vietnam | 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.
How much can I borrow?+
Loan amounts run IDR 1,000,000 to IDR 50,000,000. A credit line lets you draw down only what you need and pay it back over your chosen term, while a cash loan is repaid as fixed instalments across the schedule you pick at application.
What credit check does Kredivo use?+
It applies a hard credit check, which means the outcome can leave a mark on your credit file and affect later borrowing. Applying when you already know roughly what you want is sensible, since repeated applications tend to work against your record.
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