If you live in India, you must have heard the name of Home Credit. Home credit is a lending company. Through which you can avail facilities like personal loans, mobile loan, Gold Loan, etc. In this article, we are going to give you complete information about home credit loan, what is home credit, what type of loan can you take with the help of home credit loan?
What is Home Credit?
At present, Home Credit is an international NBFC (Non-Banking finance company) operating in 9 countries including India. The Home Credit Company offers a personal loan of up to Rs 2 lakh in India. Mainly home credit pays more attention to people with little or no credit history. Due to which people prefer to take loans from this company, the process of taking home credit personal loans is very easy and you need very few documents during this process.
Some of the salient features of Home Credit Personal Loan
With the help of Home Credit Company, you can take a personal loan ranging from Rs 25,000 to Rs 2 lakh.
Minimum documents are required to take a personal loan from a home credit company. To avail this loan, only a bank account with residential address proof, Aadhaar card, Voter ID Card, PAN card, and net banking facility is required.
If your loan is approved by the Home Credit Company, then the loan amount will be transferred to your bank account within 24 hours.
You do not need to pay any kind of processing fee while taking home credit personal loans.
The repayment period of Home Credit Company is between 18 and 48 months.
Eligibility and conditions for taking home credit personal loan
Must Read : How to get Bajaj Finserv Personal Loan
The following are the eligibility conditions for taking a Home Credit Personal Loan:
- To get a personal loan from a home credit company, the applicant must be over 20 years of age.
- Applicant should have their PAN card.
- The applicant should have a valid email id and a mobile number so that the OTP can be accessed.
- Applicant must have a valid residential certificate.
- When applying for a personal loan from a home credit company, you must have a webcam and internet connection.
- Applicant must have a bank account along with internet banking.
Must Read : What is ICICI Lombard General Insurance
Documents required to take a personal loan from home credit
- Aadhar Card
- Pan Card
- Passport (loan must not expire within 3 months of application)
- Driving license (must not expire within 3 months of loan application)
- Bank passbook
- Bank statement
- Electricity bill (should not be more than 2 months old from the date of loan application)
- Gas bill (should not be more than 2 months old from the date of loan application)
- Mobile bill (should not be more than 2 months old from the date of loan application)
- Landline bill (should not be more than 2 months old from the date of loan application)
Do You Know : HOW TO INVEST IN MUTUAL FUND
Types of Home Credit Personal Loans
You can take different types of personal loans from home credit company depending on your need.
Travel Loan – With the help of Home Credit Travel Personal Loan, you can spend your entire journey. With this loan amount transfer, you can take advantage of this plan of home credit if you are planning to go for your holidays. The amount of this loan is transferred to your bank account immediately after application.
Medical Emergency Loan – With the help of this loan amount, you can fulfill all your medical needs from regular surgery to emergency surgery.
Marriage Loan – If you see a shortage of money in the house during marriage, then you can complete this deficiency by taking home loan from Home Credit and can fulfill the requirements of marriage.
Do You Know : What is Pradhan Mantri Mudra Yojana
Small Business Loan – If you want to start a small business and you are short of money, then Home Credit offers a Personal Loan for small businesses. You can use this amount for your startup or your existing business.
Home renovation loan – If you want to restore your old house to broken parts again. So home renovation loan helps you to meet your home repair expenses.
Education loan – If you are a student and you are short of money to meet your education related needs. So Home Credit provides special personal loan to the students to meet their education related needs. This loan can be repaid after the completion of the course, so it is a very comfortable option for students.
Do You Know : What is Ayushman Bharat Scheme ?
How to apply for a home credit loan
For home credit loan you can either apply from home credit official website https://www.homecredit.co.in/ or you can also apply from there by downloading home credit application from Google Playstore.
When applying from any place, ie website or application, you will have to fill all your personal information inside the form.
During the application you will have to up-load your required documents in JPEG or PNG format.
Home Credit does not set any size limit for upload files.
If you are facing any kind of problem in filling the form, then you can also take help by calling home credit helpline number +91 – 124 – 662 – 8888. You can avail this call service from 9 am to 6 pm Can pick up till noon.
Whether you will get a loan or not, you also get to know only after filling the complete form.
If you get a loan approval, once you have to go to the nearest home credit center for KYC, the address is also given to you from the company after filling the form.
To complete this process at Home Credit Center, you have to e-sign the loan application through the Home Credit Mobile App.
After completing all these procedures, the loan amount will be sent to your bank account within 24 hours.
Do You Know : What is National Health Insurance Scheme
Home Credit Loan Fees and Fees
Processing fee zero
Loan registration charge 450
Penalty on late EMI payments
- 350 rupees, one day after the due date
- 800, thirty days after the due date
- 1350 rupees, sixty days after the due date
- 2100 rupees, ninety days after the due date
must read : What is Pradhan Mantri Suraksha Bima Yojana ?
Home Credit Helpline Number
Email-: You can write your problem on firstname.lastname@example.org.
Mobile Number: – You can call 0124-662-8811. This is a toll free number. On which you can call on all days (Monday – Sunday) from 9:00 am to 6:00 pm.
Friends, In this article we have given you complete information related to home credit loan, what is home credit. With this help, what kind of loan can you take and what documents do you need to take a loan, so that you do not have any problem in taking a loan.
If you liked this article, then you can also tell us your comment by commenting if you have any type of question related to home credit loan, then you can ask through the comment box and share this information with others. So that they too can get the right information about home credit personal loan
Formal News has always strived hard to provide up-to-date information and commentary on Centre and State Government Schemes that are of interest to you, your family and your Society. We believe in free, fair and credible information.
Even during these difficult times arising out of Covid-19, we remain committed to keeping you informed and updated.
However, We have a request:
As we battle the economic impact of the pandemic, we need your support even more so that we can continue to offer you more quality content. Your support in the form of Donations will be encouraging for us. Your donation can only help us achieve the goals of offering you even better and more relevant content. Your encouragement and constant feedback can help us to improve our offering. We need your financial support. You can support us through the Patreon Link:
Become a Patron!