|Interest Rates||24% - 49% p.a.|
|Loan Amount||Rs. 25,000 - Rs. 2 Lakhs|
|Tenure||6 months - 36 months|
|Loan Processing Fee||0% - 2% of borrowed amount|
|Lowest EMI||Rs. 1,000 per lakh|
The benefits of Home Credit Personal Loan are:
The following eligibility criteria have to be complied with to qualify for the loan. The applicant:
The following documents are required for Home Credit Personal Loan:
Even before applying for the loan, it is essential to calculate the EMI to arrive at a loan amount you can conveniently serve. MyMoneyMantra has made this process simple and instant through its online EMI Calculator. You can just enter your loan amount, tenure, and interest rate to get the instant result.
You can Contact Home Credit Personal Loan Customer Care at the following numbers:
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No, it is not mandatory to have availed a loan earlier to apply for a loan at Home Credit.
The Home Credit representatives take only 10 minutes to eligibility and another 20 minutes for loan processing at the Home Credit Counter at the stores.
The home credit representatives will give the loan sanction summary and if not received for any reason you can contact Home Credit vide email, and a copy will be sent to you.
In the case you change your mind and do not want to avail the loan, you can cancel the loan within 15 days from the date of execution of the documents without any charges. You will only have to repay the outstanding balance in the loan account within 15 days.
Yes, foreclosure of the loan is permitted, but pre-closure charges will be charged.
With a good relationship with Home Credit for a period of 90 days, you will be allowed to avail another loan.
The loan due date is system generated and set for 30 days from the date of signing the documents and hence, it cannot be changed.
The EMI can be paid either by auto-debit, by alternate payment channels through net banking. You make sure that sufficient balance is maintained in the bank account if you choose to pay through auto-debit.