Updated September 28, 2026 · BorrowCue Editorial Team
Kredivo vs Upgrade
What sets them apart
| Compare |  Kredivo |  Upgrade |
|---|---|---|
| APR | 0% to 41.51%Lower | 7.74% to 35.99% |
| Loan amount | IDR 1,000,000 to IDR 50,000,000 | $1,000 to $50,000 |
| Term | 1 to 24 months | 24 to 84 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 | 1.85%-9.99% one-time origination fee, deducted from loan proceeds |
| Credit check | Hard | Soft prequal |
| Funding time | Application in 5 minutes, account decision within 1x24 hours | Within 1 business day of clearing verifications |
| Representative example | IDR 4,000,000 over 12 months at 1.99% per month: IDR 412,950 per month, IDR 4,955,400 total | $10,000 unsecured personal loan, 36-month term, 17.59% APR including 13.94% yearly interest rate and 5% one-time origination fee; $9,500 received, $341.48 monthly payment, $12,293.46 total |
| Eligibility | Indonesian citizens aged 18 to 60, domiciled in Indonesia, minimum monthly income IDR 3,000,000 | Be a U.S. citizen, a permanent resident, or living in the U.S. on a valid visa; be at least 18 years old (or older where the majority age is higher); provide verifiable bank account information and a valid email address |
| Origination fee (%) | 0%Lower | 1.85% to 9.99% |
| Loan types | BNPL, Personal, Credit line | Personal, Debt consolidation, Secured, Car |
| Free early repayment | Not confirmed | Yes |
| Use cases | Not confirmed | Home improvement |
Same on both: Rate type (Fixed), Lender type (Direct lender).
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Key differences
- Kredivo scores higher overall: 9.3 vs 9.2.
- APR is lower at Kredivo: 0% to 41.51% vs 7.74% to 35.99%.
- Origination fee (%) is lower at Kredivo: 0% vs 1.85% to 9.99%.
- Term is higher at Upgrade: 24 to 84 months vs 1 to 24 months.
- Support channels: only Kredivo offers Chat.
- Loan types: only Kredivo offers BNPL, Credit line.
- Loan types: only Upgrade offers Debt consolidation, Secured, Car.
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.
Upgrade
Upgrade lends directly through Upgrade, Inc. and suits US borrowers who want a fixed rate personal loan, debt consolidation or car finance with fast payout. Amounts run $1,000 to $50,000 over terms of 24 to 84 at a fixed rate, so the monthly figure is set at the start.
Score breakdown
| Area | Kredivo | Upgrade |
|---|---|---|
| Cost | 9.7HigherArrangement fee is 0% on the installment plans, and the rate type is fixed, so instalment costs do not drift. | 9.0 |
| Offer | 8.7 | 9.3HigherAmounts of $1,000 to $50,000 over terms of 24 to 84 at a fixed rate, fee taken from the payout. |
| Trust | 9.2 | 9.2 |
Pick Kredivo if, pick Upgrade if
Pick Kredivo if cost, apr, and origination fee (%) matter most.
Pick Upgrade if offer and term matter most.
Availability and regulation
| Country | Kredivo | Upgrade |
|---|---|---|
| Indonesia | Not confirmed | |
| United States | Not confirmed |
Additional countries for Kredivo: 1. Additional countries for Upgrade: 1.
Positions in our rankings
| Ranking | Kredivo | Upgrade |
|---|---|---|
| Personal loans | 84 of 1932 | 91 of 1932 |
| Lines of credit | 12 of 328 | 15 of 328 |
Where these facts come from
Kredivo
- kredivo.id: 12 facts, checked September 26, 2026
- play.google.com: 5 facts, checked September 26, 2026
Upgrade
- upgrade.com: 19 facts, checked September 26, 2026
Every fact side by side
| Fact | Kredivo | Upgrade |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding, Credit line | Same day funding, Credit line |
| Legal entity | PT Kredivo Finance Indonesia | Upgrade, Inc. |
| Headquarters | Indonesia | United States |
| Support channels | Phone, Email, Chat, Help centreCovers more | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Kredivo | Upgrade | Median |
|---|---|---|---|
| APR | 0% to 41.51%lowest quarter | 7.74% to 35.99%below the median | 8.99 |
| Term | 1 to 24 monthslowest quarter | 24 to 84 monthsabove the median | 60 |
| Origination fee (%) | 0%below the median | 1.85% to 9.99%above 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
Upgrade
Pros
- Borrowing is priced at a fixed rate, so the monthly payment holds for the life of the loan
- Amounts of $1,000 to $50,000 cover consolidation, car and home improvement plans as listed in personal, debt consolidation and secured
- Free early repayment lets you clear the balance ahead of schedule without a charge
Cons
- The arrangement fee of 1.85% to 9.99% is deducted from the payout, so a loan can arrive smaller than the amount approved
- The top of 7.74% to 35.99% is well above the site median of 12%, so a thin credit file lands at the expensive end
- Eligibility is limited to US citizens, permanent residents or people in the US on a valid visa who can provide verifiable bank details
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
Upgrade
Who it suits
- US residents who want a fixed rate held across the whole term, as fixed shows
- Borrowers consolidating several balances into a single monthly payment
- Car buyers and home improvement planners, the two uses named in home improvement and personal, debt consolidation and secured
Who should look elsewhere
- Borrowers outside the US, since US is where the lender is based and licences are US only
- Anyone wanting a firm rate before a full application, given soft prequal is a soft prequal step
- People who want a fee paid after the fact, because the arrangement fee is taken from the amount borrowed
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 | Upgrade |
|---|---|---|
| Indonesia | Yes | No |
| United States | 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.
Upgrade
What rate will I pay on an Upgrade personal loan?+
Pricing runs across 7.74% to 35.99% and is set at a fixed rate, so the monthly amount does not move once the loan starts. The top of that range is well above the site median of 12%, so your credit profile decides where you land.
Is there a fee for taking out an Upgrade loan?+
Yes, an arrangement fee of 1.85% to 9.99% applies to the loan. It is taken from the loan proceeds rather than added to your opening payment, which means the amount that reaches your account is smaller than the amount approved.
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