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Home Credits Instant Cash Loan

Home Credit India offers instant access to cash in order to finance your immediate requirements. The documentation process is simple and you will be able to access in just a few hours post approval.

Home Credit India Loan Details:

Lender Interest Rate Processing Fee Max Tenure
Home Credit Up to 36% p.a.* Up to Rs.3,999** Up to 48 months***

*The interest rate will vary based on the purpose of the loan. The flat rate of interest for the purchase of mobiles, home appliances, and laptops is up to 36% p.a. However, the flat rate of interest in case the loan is taken for the purchase of two-wheelers is up to 19.99% p.a., and up to 42.12% p.a. in case it is availed as a cash loan.

**The processing fees vary depending upon the purpose of the loan. The processing fees for loans availed to purchase mobiles are up to Rs.799, up to Rs.1,179 for the purchase of home appliances, up to Rs.707 for the purchase of laptops, up to Rs.3,999 for the purchase of two-wheelers, and up to Rs.1,199 if it is taken as a cash loan.

***The maximum tenure of the loan will depend on the purpose of the loan. The tenure for a loan to purchase mobiles and tablets is 6-7 months, 6-12 months for the purchase of home appliances and laptops, 9-36 months for the purchase of two-wheelers, and 9-48 months in case it is availed as a cash loan.

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.

Eligibility Criteria for Home Credit Personal Loans

Here are the eligibility criteria for Home Credit personal loans:

  • Must be a citizen of India
  • Must be at least 19 years old
  • Must have a valid mobile number and email ID
  • Must have a PAN card and a valid address proof
  • Must have a personal bank account with the net banking facility
  • Must be a salaried individual or must earn business income or must draw pension

Documents Required for Home Credit Personal Loans

In order to apply for a personal loan from Home Credit, you just need a valid ID proof and address proof document along with income proof.

Features and Benefits of Home Credit Personal Loans

Here are the key features and benefits of Home Credit personal loans:

  • Loan amounts up to Rs.2 lakh
  • The application process and approval are done online
  • The documentation required is minimal
  • Instant loan approval
  • Loan amount is disbursed within a few hours post the submission of documents
  • Secure and transparent online process and systems

Frequently Asked Questions

1. What is the least amount of money I can borrow from Home Credit?

The minimum loan amount offered by Home Credit is Rs.25,000.

2. What are the documents that can be submitted as address proof?

You can submit any one of the following documents as your address proof:

  • Passport
  • Voter ID
  • Bank passbook
  • Driving license
  • Gas bill
  • Electricity bill
  • Bank statement
  • Landline bill
  • Mobile bill
3. How much interest do I have to pay on the loan?

The interest rate applicable to your loan will depend on a variety of factors like the tenure of the loan, the amount borrowed, your credit score, etc. Interest rates are different for different customers.

4. How can I repay my loan?

There are multiple modes of repayment, including the website of the company, the mobile app of the company, the Paytm app, and cash payments at authorized branches of ICICI Bank and Axis Bank.

5. Can I prepay or foreclose my loan?

Yes, you will be allowed to prepay/foreclose your loan after six months from the date on which it was disbursed.

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