# CredoDemo — For illustrative purposes only

> For illustrative purposes only (iPhone/iPad app by CredoLab Pte. Ltd..)

- Source: https://appshunter.io/ios/app/credodemo/id1592975201 (this page in markdown: same URL + `.md`)
- Developer: [CredoLab Pte. Ltd.](https://appshunter.io/developer/1267809205)
- Category: Business, Finance
- Price: Free
- Age rating: 17+
- Requires: iOS 15.1 · 21 MB
- Languages: American English
- Released: 2021-11-05
- Data updated: 2026-11-14

## What is CredoDemo?

The CredoDemo app is used only by Credolab's Internal Team to conduct product demos to prospective clients. The loan application and scores are for illustrative purposes only and cannot be used to receive credit from CredoLab Pte Ltd.**

CredoDemo is a digital origination demonstration app published by CredoLab Pte Ltd. It allows customers to select and apply for a loan in real-time. Built on Credolab’s powerful alternative credit scoring technology, the CredoDemo is packed with mobile intelligence to help manage all steps of the onboarding process in a user-friendly and intuitive way. The CredoDemo guides customers through the application form, performs anti-fraud checks, and calculates a digital score in a few simple steps and without any friction added to the process.

The CredoDemo allows users to apply for different types of loans depending on the customers’ needs: personal loan, appliances, business, or other needs.

The loans have the following characteristics:
Loan amount: $50-$3000
Interest rate calculation: (Loan amount / 100) * Loan interest percent * (Loan term* 0.5)
Processing fee calculation: (Loan amount / 100) * Loan processing fee percent * (Loan term*0.5)
Loan interest percent: 4.5% - 7% p.a
Loan processing fee percent: 1.7% - 2.7%
Maximum Annual Percentage Rate (APR): 49%
Loan repayment: between 3 and 24 months


APR Sample:

For example, if a customer borrows a personal loan of $1,000 and chooses to repay in 3 months, she shall pay $105 in interest and $38 as processing fee. As such, the customer receives $962, while the total amount due is $1,105.

CredoLab respects your privacy
Credolab processes only privacy-consented and permissioned metadata. 
We always ask for your permission before accessing the information on your phone. All information requested is relevant to creating an alternative credit score and detecting potential fraud.
For more information on our data practices, please refer to https://www.credolab.com/privacy-policies/gdpr-privacy-policy.

## Is CredoDemo safe?

Not enough ratings yet to assess CredoDemo.

## Is CredoDemo legit?

CredoDemo appears to be a legitimate app. The AppsHunter Legitimacy Score for CredoDemo is 90 out of 100 points across 7 verification signals from App Store and developer data.


## Version history (last 5 releases)

### 3.0.0 — 2026-11-13

CredoApply is now CredoDemo! 
Explore Credolab’s behavioural intelligence with a fresh design and two experiences: Quick Demo and Long Demo. Get your demo results delivered straight to your inbox.

### 2.5.0 — 2025-10-20

Minor UI improvements

### 2.4.0 — 2025-08-29

Minor UI improvements

### 2.3.1 — 2024-05-02

Minor bug fixes and improvements

### 2.3.0 — 2024-04-29

Minor bug fixes and improvements

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## More apps by CredoLab Pte. Ltd.

- [Simplified CredoApply](https://appshunter.io/ios/app/simplified-credoapply/id1625893433)
- [Mango Finance PLC](https://appshunter.io/ios/app/mango-finance-plc/id1637811314)

All apps by CredoLab Pte. Ltd.: https://appshunter.io/developer/1267809205

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-11-14.*