Various types of Home Credit loan payment methods

If you need money right away, a personal loan from Home Credit is the best option because it is simple to apply for. A personal loan’s proceeds may be used to pay for a sudden medical expense, a wedding, a trip, house renovations, etc. You may apply for a Home Credit Personal Loan online from the convenience of your home or place of business. If you fulfil the eligibility requirements and provide the necessary supporting documentation, Home Credit will get you an instant online approval for a loan sum of up to Rs. 2.4 lakh.

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Features of Home Credit loans

Digital loan applications: This financing plan only accepts digital loan applications. You may be sure that you won’t have to wait in a long line to receive the necessary dollars as a result. You may apply for this plan at any time of day, right from the comfort of your own home.

Loan amount: Customers who apply for a credit advance under this programme may withdraw up to Rs. 5 lakh in loans that may be paid back quickly.

Instant loan acceptance: A person who asks for a cash loan through Home Credit will nearly immediately get their loan request accepted. This is because applying for a loan is done entirely online, which speeds up the processing and approval of the loan more than any other approach.

Hassle-free application procedure: The firm guarantees that the loan application process for these loans is not only simple but also hassle-free by providing a user-friendly platform to apply for the loans.

Fast fund disbursal: With online loan applications and immediate loan approval, the borrower’s bank account can receive the loan amount immediately. In order to address an urgent financial issue, a person who has filed for a loan under this plan will be able to receive fast cash.

Paperless transactions: Home Credit Cash Loans customers do not need to provide any physical papers for the verification procedure because the application process is conducted online. Instead, customers may simply provide digital copies of each of the necessary papers when applying for a loan online.
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Home Credit loan payment: Paying Personal Loan EMI through the website

Visit the Home Credit website’s page for loan EMI payments.
Enter and verify the loan contract’s information.
You will then be sent to a website with information on your personal loan EMI payment due dates and your possible payment alternatives.
To make the payment, select a debit card or any other net banking option.
An OTP will be sent to the registered mobile number you provided. Enter the OTP or input the transaction password, as appropriate.
You will receive email or SMS confirmation after the payment has been made.

Home Credit loan payment: Through the Credit Mobile App

The Home Credit India app is available for all Android users to download from the Google Play Store and can be used to pay back the outstanding loan balance.

To pay your Home Credit EMI, simply follow to the procedures below:

Go to Home Credit or look it up on the Home Credit mobile application.
Enter your registered mobile phone or your loan account number.
Select “Pay”
Any payment method is acceptable for this transaction.
A confirmation message will shortly arrive on your phone.

Home Credit loan payment: At approved branches

For Axis Bank, ICICI Bank, and India Post, you may also deposit cash to settle your Home Credit personal loan’s EMI dues.

You can visit the specialised bank branches through which you can help you pay Home Credit loans.

Home Credit loan payment: Through net banking

You can also pay Home Credit loan EMI using bank NEFT/RTGS.

Home Credit loan payment: Through a mobile wallet

You may quickly pay the Home Credit India EMI balance due by transferring the necessary funds using PayTM or PayU. Using the Home Credit India app, you may access the statement for your Home Credit Personal Loan whenever and wherever you are.

To pay your Home Credit EMI, simply adhere to the procedures below:

Go to Home Credit or perform a search for it in your mobile wallet applications.
Enter your registered mobile phone or your loan account number.
Select “Pay”
Any payment method is acceptable for this transaction.
There you go! A confirmation message will shortly arrive on your phone.

Home Credit Loan Statement: How to get one?

You can log in to the Home Credit India app anytime, from anywhere to view your loan statement.

Interest Rate on Personal Loans With Home Credit

The monthly interest rate for a personal loan from Home Credit is 2.00%. However, Home Credit’s personal loan interest rates vary depending on a number of variables, including but not limited to the borrower’s age, credit score, loan amount, repayment history, and other considerations.

Home Credit loan payment: Late payment fees

You will be responsible for the following late payment fees if you don’t make the EMI payment by the due date:

Delay (in days)	Late Payment Fees
1 day after due date	Rs. 350
30 days after due date	Rs. 800
60 days after due date	Rs. 1350
90 days after due date	Rs. 2100

Home Credit contact information for payment-related problems

Contact the Home Credit customer service staff if you have any problems or questions about paying your EMI. Callers may do so at (+91)124-662-8888. Emails can be sent to care@homecredit.co.in. Online forms for complaints are also available.

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