Home credit loans let you access funds in an easy and fast way. They come in handy when you need money to meet certain financial requirements. You can avail of a loan of up to Rs.5 lakh at affordable interest rates. The interest charged on the loan is in the range of 19% to 49% depending on the repayment tenure. You can repay the loan within 3 years.
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 personal loan.
Home Credit Personal Loan Interest Rate Details
Interest Rate
Processing Fee
Max Tenure
19% to 49% p.a.
0% - 5% p.a.
Up to 36 months
Features and Benefits of Home Credit Cash Loans
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.5 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.
Home Credit Personal Loan Eligibility
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 or any other relevant document as address proof.
The customer should hold an active bank account that has internet banking facility.
Documents Required to apply Home Credit Personal Loan
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
The minimum income of the applicant must be Rs.10,000 per month.
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/online-loan/#/home/main
Step 2: Enter your name and mobile number and click on ‘Apply Now’.
Step 3: A new window for the loan application will open.
Step 4: Next, click on ‘Want to Apply’ button available on the page.
Step 5: This will open a small form requesting your name, email ID, and mobile number.
Step 6: Fill out the correct details and click on ‘Continue’.
Step 7: 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 8: Then, you can select the right plan and process your loan application.
Step 9: As soon as your loan is approved, the funds will be disbursed to your bank account in no time.
Home Credit Personal loan 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 +91 - 124 - 662 – 8811. You can also email the customer care representatives of the company at onlineloan@homecredit.co.in regarding your concern.
Home Credit India Finance Private Limited Third Floor, Tower C, DLF Infinity Towers, DLF Cyber City, Phase-II, Gurgaon, Haryana- 122002
Home Credit Personal loan App
Customers can apply for a new personal loan or service their existing loans through the Home Credit mobile application. To download the app - Home Credit India
FAQs on Home Credit India Personal Loan
How can I apply for a Home Credit Personal Loan?
You can apply for a home credit cash loan by either visiting the Home Credit website or downloading the mobile app. You will have to fill a form where all the relevant details are required to be provided. Once you have done that, submit the documents. If your form gets approved you can visit the nearest Home Credit office and submit the relevant documents. You can then sign the application online or on the mobile app and the loan amount will be disbursed to your bank account.
What is the mode of loan repayment?
You can repay your loan by either of visiting the Home Credit website, through Home Credit mobile app, or offline by visiting the nearest Home Credit office. You can also visit the nearest branches of either of Axis Bank, India Post, or Vodafone Stores to pay your loan via bill. You can also pay through Paytm, PayU, or by Vodafone MPesa. You can pay using either of your credit card, debit card, UPI, net banking, or through e-wallets.
Can I repay my loan early?
Yes, you have the option of repaying your loan six months after the loan has been availed by you.
I am yet to receive my loan documents despite my loan getting approved. What should I do?
In case you haven’t got your loan documents despite your loan getting approved send a mail to onlineloan@homecredit.co.in. A representative from the company will get in touch with you and will help you with your query.
What should I do if there is no Home Credit point of sales near me?
In case there is no Home Credit point of sales near you, get in touch with a customer care executive who will direct you the nearest Home Credit point of sales.
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The rate of interest was very high with Home credit India Finance Pvt Ltd .This loan was sanctioned on exact time frame and it was taken for personal use and i have submitted documents through agent . If the premium is paid on delay basis there is no extra charge. I have successfully closed the loan.
I got an offer for personal loan from Home credit. I used the loan for investment and the loan was sanctioned on time.The tenure of the loan were 3 years and its almost complete. But an interest rate was a little high which is 7%. The overall experience with the personal loan were fine.
The rate of interest was very high in HOME CREDIT 28%, need to decrease the interest rate. The loan amount was Rs. 70k and i am paying EMI 3600 with the period of 3 years. Documentation was simple, executive collected from me and i received the card within 2 working days. Its recommendable only if they decrease the interest rate.
I have taken personal loan from Home Credit India finance pvt ltd for personal use .The rate of interest and the processing fee was very high, it was 27% since had immediate requirement taken this loan. The agent gave few information about this loan and have uploaded documents. The process was ok but only need to reduce the rate of interest so that many customer will register for personal loan.
I have chosen the loan duration of 3 years and when i enquired about the pre-closure, Home credit staff said that i can do after completion of 6 months and I'm not sure about the charges for that. So far i have paid the EMI for 3 months. I get a reminder call every month regarding the due date.
I'm not satisfied with the interest rate provided by Home credit because I'm paying 28% for the loan amount of Rs. 90000 but in the beginning they told me that its 18% interest rate afterwards they have added extra interest without my knowledge hence I call its a hidden interest. Its because of the emergency medical issue, i have taken this loan otherwise would have preferred others. They have sanctioned the loan immediately.
Since I'm in need of money so i have taken the personal loan from Home credit card because they have processed the loan very fast. I haven't check about the interest rate and processing fee. I had applied the loan amount of Rs. 1.25 lakhs and i am paying the EMI amount of Rs. 2500 for the loan tenure period of 4 years.
I have applied the personal loan through online and i have received the loan on time. I have no idea about the interest rate and processing fee. I took this loan 2 months back and i have been paying the EMI amount of Rs. 1400 for the loan amount of Rs. 50000 but i had applied the loan amount of Rs. 1.5 lakhs.
I have taken personal loan through Home Credit India Finance Pvt Ltd. The rate of interest and the processing fee was too high but the service was good .This loan was processed on proper time frame . I have submitted the documents through the agent but my number was not registered on home credit customer service so its not easy to reach them.
For the fast service and good response i have selected the personal loan from Home credit. Offered interest rate is nominal hence I'm satisfied of this loan. I applied the loan amount of Rs. 1 lakh but they have sanctioned only Rs. 50000 based on the credit score and profile. I'm paying the EMI amount of Rs. 2950 for the duration of 36 months.
I have taken personal through home credit india finance private ltd.The rate of interest and the processing fee was nominal .This loan was availed for my personal use .This loan was sanctioned on exact time frame without any delay and i have uploaded the documents through online .There was proper callback and response from home credit as well as from online .
I taken a personal loan from HOME CREDIT which was applied through online. The rate of interest is 28% which is high. The amount was sanctioned of 90K only. The process was done on time and sanctioned the amount within 5 days. The processing fee was deducted. EMI need to pay of 4400 rupees.
I have taken personal loan through Home credit India Finance private Ltd.The rate of interest and the processing fee was too high .This loan was sanctioned on proper time frame .The agent not shared any details about the rate of interest this was the issue.The service was very average according to my concern.
When applied for Home Credit personal loan I have tried to contact customer service but no proper response .There is no contact number and app is also not responding properly . The rate of interest was too high processing fee was okay .This loan was sanctioned on time and if the rate of interest is reduced it will be good and more customers will avail this loan.
To remind my EMI due date, one girl called me from Home Credit and she were polite. Just i was getting a notification in my mail hence i just tried it and got my loan also from Home credit for my birthday expenses. I'm satisfied with the interest rate provided to me. They have sanctioned my loan on time. They have informed me about the part payment and pre-closure facility.
The rate of interest is too much high of 18-20% from HOME CREDIT. But there is no processing fee is pretty good. I received the call on time and process was done on smooth hence they sanctioned the loan by 5 days for the amount of 50K with tenure period of 1 8 months. There is pre closure option after 6 months. Emi need to pay of 8,977 rupees.
Home credit has offered a personal loan through online. The process was good and sanctioned the loan within a day for the amount of 1L. The rate of interest is high of 15%. The tenure period of 3 years. The processing fee amount was deducted of 3K from the loan amount. Since at that time need of an amount so chosen this loan.
I got a personal loan offer from HOME CREDIT hence applied direct from them on 6 months back. The duration of tenure is 51 months for the loan amount of 2.10L. I got the amount after 10 days. The rate of interest is 14% but I am not aware about fee amount deducted. EMI need to pay of 8,621 rupees. pre closure is applicable.
I have taken personal loan directly through Home credit India Finance Private Ltd.The rate of interest and processing fee was good .The loan amount got sanctioned on proper time frame. I have submitted documents through agent and this loan is still active .I will be closing this loan within 6 months .The loan process was clearly shared by the agent it was taken for my personal use .
From HOME CREDIT, i have taken a personal loan 3 years back and it got closed. The rate of interest was nominal, the emi paid around Rs. 3k and the loan amount was Rs. 70,000. I got this loan offer through online and every thing was done very smooth.
