Cash loans come handy when you have already exhausted your salary for the month but are in dire need of cash to meet any urgent financial requirement that has come up without any prior warning. Home Credit offers unsecured cash loans to its customers with a short repayment tenure in order to help them take care of their immediate credit needs. With several repayment options and competitive rates of interest, these types of loans have quickly become the go-to options for numerous borrowers in need for funds during a sudden financial crisis.
Home Credit Loan Details:
Interest Rate
Processing Fee
Max Tenure
13% to 30% p.a.
Zero Processing Fee
Up to 48 months
How does it work?
Home Credit loans offer fast, easy, and secure access to funds. All you need to do is register online using your mobile number and email address or download the mobile app and fill up the application form and get instant approval.
See the several key features and advantages of Home Credit Cash Loans in the list mentioned below to find out whether this scheme is the right fit for you based on your specific requirement, unique situation, and repayment capacity.
Digital loan applications - All loan applications under this financing plan are processed digitally. Therefore, you can be assured that you won’t have to stand in long queues in order to get the required funds. You can apply for this plan even from the comfort of your home, at any time of the day.
Loan amount - By applying for a credit advance under this scheme, customers can withdraw a loan with a maximum of Rs.2 Lakh which can be repaid within a short duration of time.
Instant loan approval - When an individual applies for a cash loan through Home Credit, his or her loan application will be approved almost instantaneously. This is owing to the fact that the entire loan application process is carried out online which makes the processing and approval of the loan faster than any other method.
Easy and hassle-free application process - With a user-friendly platform to apply for the loans, the company ensures that the loan application process for these loans is not only simple, but also hassle-free.
Quick fund disbursal - With online loan applications and instant loan approval, the loan amount can be disbursed to the bank account of the borrower in no time. Therefore, a person who has applied for a loan under this scheme will be able to gain access to instant cash in order to meet his or her urgent financial situation.
Paperless transactions - Since Home Credit Cash Loans have an online application process, customers do not have to submit any physical documents for the verification process. Instead, they can just submit digital copies of all the required documents online while applying for a loan.
Multiple repayment options - This company offers multiple channels through which this loan can be repaid. Customers can select an option that is convenient to them and pay back the debt equal monthly installments. Borrowers can pay their equated monthly installments (EMIs) through online payment channels which include National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) along with online wallets such as PayTM, PayU, PayNimo, etc.
Flexible repayment schedule - Individuals will also be able to select a repayment schedule that they are comfortable with. This will help ensure that they do not default while repaying the debt.
No need for any collateral - Being an unsecured loan, the borrower is not mandated to provide any collateral or third-party guarantor as security in order to be able to secure the funds he or she requires under this financing plan.
Loan available to all borrowers - It is not necessary for the borrower to be an existing customer of the company in order to be eligible for this loan. This scheme can be availed by all types of customers - new and existing.
Eligibility Criteria for Home Credit Cash Loans
While this scheme does not mandate that the individual applying for this scheme should be an existing customer, there are certain requirements that should be met in order to be eligible for a Home Credit Cash Loan. Learn about the factors that will be considered if you choose to apply for this loan, by checking out the list mentioned below:
The applicant should be a minimum of 19 years of age.
The customer must be a citizen of India.
The borrower must possess an updated Aadhaar ID.
The customer should hold an active bank account that has internet banking facility.
Documents Required for Home Credit Cash Loans
PAN card
Aadhaar card
Proof of identity such as Passport, Voters ID, Driving license, Aadhaar card, etc.
Passport-size photographs
Bank account details of the borrower
How to Apply for a Cash Loan From Home Credit
If you have decided to apply for this loan based on your specific credit requirements, you can follow the steps mentioned below to learn how you can get the funds that you need to meet your financial needs:
Step 1: You will have to go to the official website of Home Credit at https://www.homecredit.co.in/cash-loan.
Step 2: Click on the ‘Cash loan’ button available on the homepage
Step 3: A small section containing the details about the loan will pop up.
Step 4: Click on the ‘Apply Now’ button present at the bottom of the pop up.
Step 5: A new window for the loan application will open.
Step 6: Next, click on ‘Want to Apply’ button available on the page.
Step 7: This will open a small form requesting your name, email ID, and mobile number.
Step 8: Fill out the correct details and click on ‘Continue’.
Step 9: Once the team at Home Credit receives this request form, a representative of the company will get in touch with you with a personalised quote.
Step 10: Then, you can select the right plan and process your loan application.
Step 11: As soon as your loan is approved, the funds will be disbursed to your bank account in no time.
Home Credit Cash Loans Customer Care
In case of any query, suggestion, or concern, you can get in touch with the professional and knowledgeable staff of Home Credit. You can be assured that your issue will be addressed efficiently and effectively. You can call the customer service team of the company at 1800 121 6660. You can also email the customer care representatives of the company at care@homecredit.co.in regarding your concern.
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Purchased my personal loan from Home credit. I took the loan 2 years ago. Based on my consumer durable loan, they have given me a personal loan. I have given the documents of address proof, ID proof, bank statement. Interest rates are little bit high. I have selected the tenure period of 3 years.
I was applied for a personal loan with HOME CREDIT INDIA FINANCE PRIVATE LTD on a month before which was processed through an online. The rate of interest was high for this loan. The amount which was offered for the low amount for the tenure period of 3 years. Since interest was high I have not process for further.
I came to know about Bank bazaar through Online.This is a best portal wherein each and every customer will be satisfied when apply for any products .Will be getting good response and acknowledgement if apply for any products.we can check credit score since it is a free service can check whenever necessary.
I had applied for Home credit personal loan where my application was been closed due to non availability of current address, so due to that application was been closed,rate of interest was nominal, customer service was good but their should be alternate option.
I have applied for Home credit India Finance Private Limited through Online .I have not taken this loan since got the loan from some other source.The rate of interest and the processing fee was high .I have uploaded the documents as well .I have got proper callback and response from Home credit .
Home credit was cancelled my personal loan applciation based on my existing loan was running with their end, which I already availed Rs. 1 lakh but I didn't get the top up option as well to upgrade the principal amount. Their rate of interest is higher side for the personal loan.
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ABHIJEE PANDIT SORTE
, thane
Reviewed on Sep 13, 2019
I had applied for personal loan from Home credit. There was a delay to upload the documents from my end so they had closed my application. They told me to reapply later. Rate of interest is very high but there service is very good. I get reminder calls before due date and there is an option to postpone due date.
The rate of interest is too much in Home Credit, when I applied personal loan with them, they told me around 24% per annum so I am not comfortable with the interest. Hence I dropped the plan to continue with them, it would be great if they reduce the interest.
I took personal loan from Home credit, when I am in trouble I need money hence I approached them though the interest rate is bit higher. I availed the loan amount Rs. 50,000 for the duration of 15 months, they charged me 2.34% per month. The process was smooth to get the personal loan within one hour the amount was credited.
I took my personal loan from Home Credit, the services are good but only the rate of interest was too much higher. The loan process was very faster and they have disbursed the loan amount within 1 to 1.5days. The documentation was very smooth and simple. The processing is good.
I have taken the personal loan from Home credit and their rates are too high which is 35%. They have done a call verification and the executive came to my place and collected the documents, within the same day, they have provided the loan. I have closed the loan by last July. I have subscribed the EMI for 18 months.
I have taken personal loan through Home Credit India Finance Private Ltd.The rate of interest and the processing fee was nominal .I have got all the details about the loan process very clearly.I have got the loan amount on time and it was sufficient .I am really satisfied with the overall service.
Home credit is a easily personal loan provider compared to other banks. They have provided me a interest rate of 12% nearly for the loan amount of Rs. 2 lakhs. I am paying the EMI of Rs. 9000 for the tenure period of 4 years. They have charged me a processing fee of Rs. 4000. They took one month to sanctioned the loan.
I have applied for Home Credit India Finance Pvt Ltd personal loan through Online .I have got all the details about the loan process through the agent .The rate of interest and the processing fee was very high since had requirement taken this loan .There was no difficulties faced so far on submitting the documents .
It was a good experience with HOME CREDIT and their interest rate was higher for my personal loan so I would suggest them to reduce the interest rate. The loan amount was sufficient and the loan tenure is 2 years. I think, the processing fee is not included.
I have applied for Home Credit India Finance Pvt Ltd personal loan through Online .I have got all the details about the loan process through the agent .The rate of interest and the processing fee was very high since had requirement taken this loan .There was no difficulties faced so far on submitting the documents .
The process is bit faster and it was a completely paperless process and the approval time was very less. Its easy to use the app as well. I got the amount in 10 minutes once I'm done my kyc. The interest rates are very high and they could have reduced the rate of interest means much better.Tenure period the loan is 1 year for the loan amount of Rs. 1.50 lakhs. I'm paying the EMI of Rs. 5000 every month.
I have taken personal loan from HOME CREDIT INDIA FINANCE PRIVATE LTD. I received the loan amount on time. Rate of interest is very high and loan amount is not sufficient. I have not got what was promised when I applied. Their customer service is good and very prompt service.
The customer service and response was really good with Home credit but their interest rate is pretty much higher but anyway its okay because the amount which I have taken is low. The processing fee is applicable. The loan duration is 24months.
They have given me a interest rate of 24% which is too higher for me. Since i'm working in partnership firm hence most of the bank and finance related company is rejecting my loan. I was applying the loan amount of Rs. 2 lakhs but they have provided me only Rs. 90000. When i enquiry about this, they told me that i have a eligibility of this much amount for my profile.
Personal Loan
