REVI Credit Qorus Banking Innovation Awards 2021

With the aim to help more Filipinos reach their life’s goals even in the midst of the pandemic, CIMB Bank Philippines launched REVI Credit, the first all-in-one always-ready credit product in the country. REVI Credit is a new and revolutionary all-in-one flexible credit product available for CIMB Bank customers. Customers may apply through an all-digital application process via the REVI Credit app. Approval is instant, there are no income documents required, and customers only pay for interest when they use the credit line. Customers may be approved for credit lines of up to PHP 250,000 which they can use to convert to cash anytime, convert their credit line to a term loan, pay bills, and shop online. Currently, REVI Credit was exclusively introduced to select CIMB Bank customers, but it will be available to more users by November 2021. “We developed REVI Credit to further push for financial inclusion in the Philippines by giving easier and hassle-free access to formal credit at a much lower cost to more Filipinos, all enabled digitally. We believe this first-of-its-kind credit product in the Philippines truly addresses the consumers’ needs and will help bring more Filipinos to get a credit line with a bank which today we know is a pain point,” said CIMB Bank Philippines CEO, Vijay Manoharan.