One may need immediate cash to get a new phone, book a dream vacation, purchase some consumer goods for the house, or anything else. In such cases, opting for a personal loan may be advantageous. Home Credit personal loan by Home Credit comes with a reasonable interest rate if your urgent requirement may be met with less than INR 2,40,000. Home Credit India Finance Pvt. Ltd., a non-banking finance company, offers customised personal loans.
Eligibility for Home Credit Personal Loan
Before opting for personal loans, you should be well informed. There is a list of requirements that the bank requires you to fulfil:
- Indian citizens who qualify may apply for this personal loan.
- This loan is available to salaried, self-employed, and pensioner applicants.
- The applicant’s age should be at least 19 years old and up to 68 years old at the most.
- The applicant must possess documentation of their current residence, a PAN, and a bank account with a connected internet banking facility.
- A minimum of 10,000 must be earned each month.
Documents required for Home Credit personal loan
You need to submit a certain set of papers along with the application for a personal loan from Home Credit. These include:
- Form 60 or PAN Card
- Driving licence, Aadhaar card, job card, or a voter’s ID
- Passport with an expiration date that is not within three months of the application, as stated in the letter from the National Population Register
How to apply for a Home Credit Personal Loan?
Once you meet the eligibility crietrial for Home Credit personal loan, you only need one smartphone and follow the instructions below. Here’s how to apply for the loan.
- Download the Home Credit Application from the application store on your phone.
- Provide information such as your name, age, state, PAN, Aadhaar, monthly income, etc. and proceed to register the application.
- Based on your ability to repay, choose the loan amount and term. You simply need to bring the necessary paperwork with you when you visit one of the KYC Centres nearby after making your decision.
- The money will be put into your account within a day of your KYC being finished.
- The “PAY EMI” button is located at the top of Home Credit’s official website, which you may access by clicking there. Once you click on it, you will have to provide the necessary loan information, including the monthly instalment. Pick the payment option that you want to use.
- You can choose the cash deposit method if you choose to use the conventional offline payment method over any of the other online payment options. Approach any of the authorised channel partners for Home Credit, including Axis Bank and ICICI Bank, to do so. Fill out the deposit slip with the loan information, and you may use this slip to deposit the money to pay the EMI.
Why select a personal loan with Home Credit?
- Quick, easy, and instant approval: Due to its quick, easy, and hassle-free loan approval procedure, Home Credit is a good alternative if you require an amount up to 2,40,000. Your loan application will receive instant digital approval.
- Simple application process: To apply for a personal loan, you only need to supply some basic information and supporting documentation, such as your PAN and proof of residency.
- Fast loan disbursal: The loan money will be sent into your verified account within a day if all the information you supplied is validated.
- Without collateral or unnecessary fees: To grant you the loan amount, Home Credit India Finance Pvt. Ltd. does not require any form of security or collateral. Additionally, there are no hidden fees, and the entire loan procedure is quite clear.