Mistake in loan account number? How Kredivo handles it

Entering an incorrect bank account number during a loan application is a common concern, especially when awaiting disbursement. For Kredivo's business capital loans, users can find reassurance as the process includes verification stages before funds are released.

Kredivo emphasizes that the bank account number is a critical piece of information checked during the verification of its business capital loans. "In the verification process for business capital loans, the bank account is one of the pieces of information that is checked. A mismatch between the account and the business owner's data can be a reason for verification rejection," Kredivo stated in an official release.

Therefore, it is crucial to ensure the entered account details are correct and match the owner's information. Errors in account data can cause complications during the verification phase. Kredivo advises users to double-check the bank name and account number before finalizing the application.

If a user realizes they need to change the destination account number, this can be done as long as the business capital loan transaction has not yet been successfully processed. The process involves selecting 'Destination Bank' on the transaction page, choosing 'Add Bank,' entering the new bank name and account number, and saving the changes. This new account will then be saved as the disbursement account.

However, there is a time limit. Once the business capital loan transaction is successful and the funds have been disbursed, the destination account cannot be changed. If a verification is rejected due to an incorrect account number or incomplete documentation, users are advised they can try reapplying within 30 days of the last rejection. For Kredivo's cash loans, funds are processed within one working day.

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In the verification process for business capital loans, the bank account is one of the pieces of information that is checked. A mismatch between the account and the business owner's data can be a reason for verification rejection.