No one knows when and where we may need money immediately. The loan is also given by the bank only after looking at your credit score. But what to do when your credit score is low and other banks refuse to give you a loan for this reason. Most of the banks ask for income proof for loan, if you do not have income proof then it becomes very difficult for you to get loan. But you can take a loan even with a low credit score, but for this you may have to pay more interest. You will be able to easily avail a loan of up to 5 lakhs in Home Credit Personal Loan with a low credit score.
If you also need an instant loan, then you can apply for Home Credit Personal Loan. What are the eligibility conditions, interest rate and online apply process for Home Credit Personal Loan, all the information will be given to you in the article. so let’s know
Know what is home credit?
Many of you may be hearing about home credit for the first time. If you are hearing about Home Credit for the first time, then let us tell you that it is an NBFC i.e. Non Banking Financial Company. With its help, you can take personal loan, home loan, product loan etc. For your information, let us tell you that Home Credit is an institution in the Netherlands which was started in the year 1997. In India, this institution is working under the name of Home Credit India. home Credit NBFC is approved by RBI, which gives you the facility of instant loan without income proof, without any guarantee.
Key Highlights of Home Credit Personal Loan
| article name | How to apply for Home Credit Personal Loan online? Loan eligibility criteria, interest rates. |
| Home Credit company | is an International NBFC (Non Banking Financial Company), |
| Establishment of Home Credit | 1997 |
| Will get the benefit of Home Credit Personal Loan | All those people who have never taken a loan or have a low credit score. |
| Personal Loan in Home Credit | Instant loan up to Rs.5 lakh (with easy EMI options) |
| Home Credit Personal Loan Interest Rates | Starting from 2% p.m. (Interest rate mainly depends on loan amount, repayment tenure etc.) |
| Home Credit Official Website | homecredit.co.in |
| YEAR | 2023 |
Home Credit Personal Loan Interest Rate
| rates of interest | Starting at 2% / month Up to a maximum of 36% per annum (may be higher or lower depending on your credit history) |
| Home Credit Personal Loan Amount | Up to Rs 2.4 lakh for existing customers and for new customers 2 lakh rupees |
| loan tenure | 9 to 51 months for existing customers) 6 to 48 months for new customers |
| loan amount | 10 thousand to 5 lakh |
| loan eligibility age | 18 years to 69 years |
| processing fee | Up to 5% of the loan amount |
| personal loan usage | You can avail this personal loan to travel Can do in medical emergency or marriage, business etc. |
required documents for Home Credit Personal Loan (required documents)
If you are also thinking of taking a personal loan and your credit score is low due to which you are unable to get loan from other banks or you do not have any credit history, then you can take a personal loan from Home Credit. You will need the following documents –
| (personal loan customers) | certificate (documents) |
(Existing Home Credit customers) | PAN Card – If you do not have a PAN card, then submit Form 60 along with Passport, Voter ID or DL any one of these documents) Voter ID, DL, Passport, Property Tax Receipt (any one of these) as proof of address |
| (Home Credit New Customers) | PAN card (acceptable id) Passport, DL, Voter ID (any one) |
Note – Apart from the above mentioned documents, you may also be asked for other documents, depending on your loan application.
Eligibility for Home Credit Personal Loan
- Applicant must be an Indian citizen.
- The age of the applicant person applying for the loan should be between 18 to 68 years.
- Must have valid proof of present address.
- The income of the applicant should be 10 thousand rupees per month.
- The customer should have his own bank account in which net banking service is enabled.
Note – Apart from this, your application for loan will be accepted or not, for how much money you will get approval, the loan period and interest rate taken by you, all other factors like your salary, job, currently emi payment etc.
Services available on Home Credit
- health services
- free credit score check
- home loan
- health insurance
- two wheeler insurance
- buy digital gold
- personal loan
Fees and charges for Home Credit Personal Loan
| processing fee | 0 to 5% of the loan amount |
| APR (annual percentage rate) | starting at 24 percent |
| for closure fee | No fee |
| Monthly Customer Care Fee | No fee |
| Penalty on late EMI payment | Rs 350 on payment after one day from the due date 800 rupees on payment after one month from the due date 1350 on payment after 2 months of due date Rs.2100 if paid after 3 months (90 days) from the due date 2850 on payment after 120 days of due date Rs 3600 on payment after 150 days of due date 4350 on payment after 180 days from the due date |
HOW TO APPLY Home Credit Personal Loan Online
If you are also not able to take loan from any bank due to low credit score, then you can take Personal Loan from Home Credit. To avail a personal loan, you have to follow the steps given below –
- To apply online for Personal Loan, first of all visit the official website of Home Credit at homecredit.co.in.
- As soon as you reach the website, you will find the product option in the menubar on its home page.
You have to click on the option of the product, you get many options in its drop down, you have to click on personal loan / personal loan to take a personal loan –
As soon as you click on Personal Loan, a new page will open in front of you which will be as follows –
- Now you have to enter your mobile number here and click on the apply button.
- Your loan application request will go to the Home Credit website as soon as you click on the apply option.
- You will be asked for necessary documents and information for further processing.
- After all the process is done, you will be given the personal loan facility only if you are found eligible for the loan.
Important links
| Description | Related Links |
| home credit -personal loan mobile application download | CLICK NOW |
| Home Credit Official Website | CLICK NOW |
| To take Home Credit Personal Loan | CLICK NOW |
| Apply for instant personal loan up to Rs.5 lakh on home credit | CLICK NOW |
| To see the documents required and eligibility for personal loan | CLICK NOW |
Home Credit Personal Loan FAQs
Q.1 What is the minimum and maximum loan amount offered by Home Credit India to its customers?
Home credit india offers 10,000 minimum loan amount and 5 lakh maximum loan amount to existing home credit customers. The same new customers are given 25 thousand minimum loan amount and 2 lakh maximum loan amount.
Q.2 What is the tenure for availing Home Credit Personal Loan?
Existing customers are offered a minimum tenure of 9 months and a maximum tenure of 51 months by Home Credit India. For new customers, a minimum period of 6 months and a maximum period of 48 months has been given to avail the personal loan.
Q.3 Am I eligible to take a Personal Loan from Home Credit?
Yes, you will be considered eligible for a Personal Loan only if you fulfill the eligibility criteria required for Home Credit Personal Loan. Your age should be between 16 to 68, you should be a citizen of India, you should have a bank account and you should be salaried, self-employed or pensioner.
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