Learn the complete steps to register for Kredivo and tips to get your application approved, from document requirements to the right account options.
Kredivo is a digital payment service that allows its users to shop in installments without the need for a credit card. With the convenience and flexibility it offers, Kredivo has become a popular choice in Indonesia to make it easier to buy goods on credit.
However, before you can enjoy this service, you need to register and submit an application first. In order for your application to be accepted smoothly, there are several terms and tips that you need to know.
Here is a complete guide on how to register for Kredivo, the requirements that must be met, and important tips to ensure your application is approved.
1. Fulfill all necessary conditions
The first step in registering for Kredivo is to ensure that you meet all the required requirements. One of the requirements that must be considered is the domicile area. Kredivo only serves certain areas in Indonesia, which include 13 major cities.
If you live outside the area, you can still apply, but the address used must be in one of the 13 cities listed.
In addition, you must also ensure that the uploaded documents are in accordance with Kredivo’s provisions.
For example, you must be at least 18 years old, you must have a valid ID card, and a steady income that can be proven with a pay slip or other supporting documents. Also, make sure the address on your ID card matches the one recorded in Kredivo.
2. Complete your personal data clearly and accurately
The Kredivo registration process requires you to upload complete and clear personal data. This is very important, because Kredivo will verify the information you provide to ensure the accuracy and suitability of the data. The requested documents include KTP, NPWP (if any), and a valid pay slip.
In addition, also pay attention to the e-commerce account that you connect with Kredivo. Make sure that the selected account has an address that matches the area supported by Kredivo.
Do not select an account whose address is not registered in an eligible area, as this may result in your application being rejected.
3. Check Cash Flow and Pay Slip
Healthy finances are very important in the registration process. Kredivo will check your cash flow to ensure that your expenses do not exceed your income.
If it is found that your expenses are greater than your income, your application may be rejected due to doubts about your ability to pay installments.
In addition, Kredivo will verify your pay slip. The minimum salary received must be around IDR 3 million per month to ensure that your income is sufficient to pay the installments that will be given.
Make sure the pay slip you upload is clear and valid. If your salary is less than the specified amount, your application will most likely not be approved.
4. Accurate Job Information
One of the factors that Kredivo takes into serious consideration is information about your job. The employment information provided must be accurate and show your financial stability.
Kredivo will evaluate how stable your employment is and whether the salary listed is sufficient to meet the installment obligations.
If the job you listed is not stable enough or your income is not enough to cover the loan, Kredivo will doubt your ability to pay the installments.
Make sure you provide clear information about your job and income. For example, if you work in a large company or have a steady income, this will increase your chances of being approved.
5. Take Advantage of Referral Codes
Although not a determining factor in whether an application will be approved, using a referral code can be a way to expedite the registration process.
If you use a referral code from a Kredivo user who already has a good track record and is trusted, this can increase Kredivo’s trust in your application.
Users who have had good experiences with Kredivo can provide referrals which show that your application is more likely to be accepted.
Referral codes often also offer additional benefits such as discounts or cashback, so in addition to speeding up the registration process, you can also enjoy other benefits from using this referral code.
6. Select the Appropriate Account Type
Kredivo offers several types of accounts with different credit limits, such as Basic Account and Premium Account. Each account type has certain benefits and limitations, depending on your income and payment capabilities.
If you are registering for the first time, choose the account type that suits your financial capabilities. Premium accounts offer higher credit limits and some additional facilities, but make sure you can manage the credit limit given.
Don’t choose an account with a credit limit that is too high if you don’t feel you can manage the installments.
7. Quick Account Verification
After submitting the application, you will be asked to verify your account. This process involves uploading additional supporting documents and verification via email or SMS. Make sure to do it quickly and according to the instructions given by Kredivo.
If there are unclear or incomplete documents, the verification process can be hampered, which will ultimately lead to the rejection of your application.
Fast verification will speed up the approval process, so you can immediately enjoy Kredivo services.
8. Check the Submission Status Regularly
After registering and verifying, you will need to check the status of your application periodically. This process usually takes a few days to a week, and you will be notified via email or app if your application is accepted or rejected.
If your application is rejected, please double check the documents and data you have provided. Make sure all the information is correct and nothing is missing. If your application is accepted, you will immediately be given access to a credit limit that can be used to shop or pay bills.
9. Use your credit limit wisely
Once your application is approved, you will be given a credit limit that you can use to shop or pay bills. Use your credit limit wisely, and make sure you don’t spend more than you can afford. Using credit wisely is essential to avoid getting into financial trouble in the future.
Adhere to the installment payment schedule properly to maintain your credit reputation and ensure you can still access Kredivo services in the future.
10. Comply with the Payment Terms and Conditions
After applying and getting a credit limit, it is important to always comply with the terms and conditions set by Kredivo, especially regarding timely payments.
Kredivo provides several ways to make payments, including bank transfers and digital wallet applications. Make sure you choose the payment method that is most convenient and easy for you.
Timely payments are the main key to avoiding problems with your Kredivo account. If you are late in paying your installments, there is a possibility of additional fees and a decrease in your credit score.
Registering for Kredivo is quite easy, but there are several steps and requirements that you must fulfill so that your application is approved.
Starting from ensuring the domicile is correct, providing clear and accurate data, to managing finances and choosing the right type of account, all affect the results of your application.
In addition, utilizing referral codes and verifying quickly can also help smooth the registration process. If you’re looking for alternative financial services, Akulaku is another platform that offers similar benefits.
By following this guide, you can increase your chances of being accepted and start enjoying the convenience offered by Kredivo.
