Home Credit provides Rs. 10,000 to Rs. 5 lakh instant personal loans. Interest rate starts from 2% per month with 9 months to 51 months tenures.
Home Credit is an NBFC company that claims a 24-hour loan disbursement process and this is a fully online system. Also, you will get an overdraft loan facility.
Check out the Home Credit personal loan application online.
Home Credit Personal Loan Quick Recap
| Loan Amount | Up To 5 Lakh |
| Interest Rate | 2% per month |
| Tenure | 9 to 51 month |
| Age Required | 19 – 68 year |
| Income Required | Rs. 10,000 per month |
| Processing Fees | Up to 5% of the loan amount |
| Who Can Apply | Self-Employed / Salaried Person / Student |
Also Read: Paytm Business Loan
Benefits of Home Credit Loan
Easy Process: Home Credit is an instant loan process system. Just apply for a loan through the Home Credit app without going anywhere.
Online Approval: You can get a loan that is 100% online. Apply to the disbursement process is online and quick.
Higher Loan Amount: Apply for a personal loan up to Rs. 5 lakhs. Home Credit provides higher loan amounts with lower income proof.
Flexible Tenure: You can get up to 51 months of repayment tenure with Home Credit. Choose a long repayment duration as per your requirement.
Without Verification: This NBFC Company offers up to 5 lakh loans without any physical verification. It is a fully online process.
No Hidden Charges: You don’t have to pay other hidden charges. Just have to pay processing charges and GST Charges after loan approval.
Home Credit Loan Interest Rate, Fees & Charges
| The interest rate of a Personal Loan | 2% per month (24% to 56.5% p.a.) |
| Interest Rate of Flexible Personal Loan | 2.5% of the loan amount |
| Processing Fee | Up To 5% + GST |
| Foreclose Charge | Zero |
| Late Payment Fee | Applicable |
| Minimum Loan Tenure | 9 month |
| Maximum Loan Tenure | 51 month |
Home Credit Loan Eligibility Criteria
- Should be Indian Citizenship
- Age should be 19 to 68 years
- Salaried persons, Self Employed or pensioners can apply
Documents Required for Home Credit Loan
- Pan Card
- Aadhaar Card
- Active Bank Account
How to Apply for a Home Credit Loan
Step 1: Download the Home Credit app from the “Home Credit” button.
Step 2: Sign up through a mobile number that is linked to an Aadhaar Card.
Step 3: Submit basic KYC documents like an Aadhaar Card & Pan Card.
Step 4: Now, Home Credit will check your eligibility.
Step 5: If you meet the eligibility criteria, you will receive an offer for the loan.
Step 6: To receive the loan amount in your bank account, kindly provide your bank details.
Also Read: Upward Personal Loan
Home Credit Customer Care
Customer Care Number: +91-124-662-8888 (Call time: 9 AM – 6 PM All days)
Official Email ID: care@homecredit.co.in
Office Address:
Home Credit India Finance Private Limited
DLF Infinity Towers, Tower C, 3rd Floor, DLF Cyber City Phase II, Gurgaon-122002, India
FAQs on Home Credit Loan
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I have a Rs. 7,000 monthly salary. Can I apply for a Home Credit Loan?
Home Credit offers instant personal loans for Rs. 10,000 salaried customers. But you can apply for a home credit loan if you have a good CIBIL Score and a good Bank statement.
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I have a business. Can I eligible to apply?
You can apply for a loan through Home Credit. After the eligibility check, you will get the loan approval.
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What is the interest rate of a Home Credit Loan?
Home Credit offers a 2% to 2.5% interest rate per month.
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How much loan amount can I get through Home Credit?
Home Credit provides up to 5 lakh loans based on your eligibility. A good CIBIL score and bank statement are the most eligible criteria.
Required personal loan Rupees 300000/-
Contact on 24hrLoan Whatsapp Number.