Home Credit India offers its services both online and offline. Loans are made available to those with low or nonexistent credit scores as part of an effort to broaden access to credit and expand financial services for underrepresented populations. The loan application procedure is quick and involves little in the way of paperwork. Making EMI payments on a home loan is similarly convenient and can be done quickly and easily online.
A statement for a home loan is a summarisation of the home loan account that is issued by the lending institution. It includes specifics on the amount of interest and the principal amount of the house loan that needs to be paid over the allotted period for the specified fiscal year.
Home Credit Loan statement: Steps to check for a personal loan account with Home Credit
- Home Credit India’s app is available on the Google Play Store.
- Launch the app and tap the “Register” button to sign up.
- To continue, just fill in your first name and cell phone number and hit the “Send OTP” button.
- Type in the 6-digit OTP to confirm your mobile phone number.
- Set your 4-digit PIN for app login authentication once your mobile number has been verified and you have completed the online registration procedure.
Home Credit Loan: Steps to monitor the status of a Home Credit Personal Loan application
You can monitor the progress of your application for a personal loan at Home Credit using one of the two options below.
Online via the Home Credit mobile app
- Download the mobile application for Home Credit India.
- Register with your cell phone number and the obtained OTP.
- To access the drop-down menu on the home screen, go to the upper left corner.
- To check the progress of your loan application, click “My Loans.
Offline via Home Credit customer service
Alternatively, you can contact Home Credit customer service in the following ways to determine the status of your personal loan application.
- To follow the progress of a personal loan application, dial 0124-662-8888 and provide the application number.
- The Home Credit India mobile app allows users to inquire online about the progress of their loan application. Please note that live chat with Home Credit customer service is only available between 9:00 AM and 7:00 PM.
- Additionally, you can email care@homecredit.co.in to inquire about the progress of your loan application. Home Credit answers to emails within 48 hours of receipt.
Information required to verify application status for a Home Credit personal loan
In most cases, the following information is necessary to verify a personal loan application with Home Credit:
- Reference number from a loan application,
- Your phone number that’s on file, and
- Registered mail address.
Steps to verify your Personal Loan status with Home Credit online immediately the following disbursement
Checking the status of your current personal loan with Home Credit can be done in the following ways:
- Enter the 4-digit PIN that you created when you signed up for the Home Credit mobile app.
- The Home Credit app’s Home screen is where you’ll go to get information about any current loans you have.
- Alternatively, you can see the details of your current personal loan by selecting “My Loans” from the drop-down menu located in the upper left corner of the homepage.
Home Credit Loan statement: Why is it necessary?
You can find the following information on a home credit loan statement:
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Statement period
The statement period of a home loan gives information about the length of a house loan for which the transactions are presented in statements. This is usually found in the top right-hand corner of the statement.
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Activity relating to transactions
It provides details regarding any costs or penalties that can apply throughout the term of the loan if any of these apply.
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Total amount owed
It indicates the amount of money that is still owed on the home loan.
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Unpaid principal balance
On the home loan statement, the portion of the home loan amount that is still due will also be noted.
Home Credit Loan Statement: What is a provisional certificate?
A provisional certificate for a home loan is provided by banks and other financial organisations. This certificate is produced at the beginning of each fiscal year and details the amount that must be paid toward the home loan for that particular year.
Home Credit Loan Statement: How to check Home Credit loan statement?
- To check on the progress of your personal loan application, call 0124-662-8888 and provide your loan application number.
- To inquire about the progress of the loan application, you can use the Home Credit India mobile app to chat online.
Please be aware that the hours in which you may engage in a live chat with a customer service representative from Home Credit are limited from 9:00 AM to 7:00 PM.
Home Credit Loan statement: Online steps to get Home Loan Provisional Interest Certificate
It is simple to get online either a housing loan statement or a provisional interest certificate for a home loan.
Step 1: Visit the website of a lending institution.
Step 2: Enter your home loan account number, date of birth, loan amount, and EMI amount to access your account.
Step 3: Simply choose the Home Loan Statement option.
Step 4: Using the lender’s mobile app. For example, with the Home Credit app, you can obtain a home loan certificate that can be used for your income tax return.
Home Credit Loan Statement: Offline steps to get a Home Loan Statement
Follow these procedures to obtain a statement for your home loan even when you’re not online:
Step 1: Go to the bank branch that is the closest to you.
Step 2: Make a request for a home loan statement to the executive of the bank.
Step 3: To get a statement, you will be needed to provide personal information such as your date of birth, PAN, and loan account number.
Home Credit Loan Statement: Why is it advisable to have a Home Loan statement?
The following are examples of activities that can be done with a housing loan certificate:
- You can claim tax deductions on the principal amount of the house loan up to a maximum of 1,50,000 rupees under Section 80C of the Income Tax Act.
- According to Income Tax Act’s Section 24, you can claim a tax deduction of up to 2,00,000 for the interest that you have paid on your house loan.
- In addition, the government does not place an upper limit on the deductions that can be made for properties that are rented out.
- Under “House Property,” one can make deduction claims for a maximum of 2 lac rupees.
- Deductions on taxes can also be claimed for the amount of money that was spent on stamp duty and registration fees associated with a house loan.
- To monitor home loan activity regularly. With the statement, you can learn about impending EMIs, the balance of the loan, etc.
- Because a home loan statement serves as evidence that the loan was repaid, it makes it easier to obtain financing in the future.
FAQs
What kinds of loans does Home Credit India provide?
Home Credit India offers several loan types. Home Loans, Personal Loans, Home Appliance Loans, Two-Wheeler Loans, and others are among the loans they provide.
How can I contact the Home Credit customer service department if I have any questions?
You may reach the Home Credit customer service department by dialling 18601216660. Additionally, you may contact them at care@homecredit.co.in.
Is it possible to change the date of my EMI?
The EMI due date cannot be modified throughout the life of the loan since it is system-generated.
How do I cancel my Home Credit loan?
Within 15 days of signing the agreement, you can cancel the home credit loan without incurring any penalties.
What are the EMI payment methods for a home loan?
There are several Home Credit EMI Payment Methods. You may choose from a variety of payment options, including a Debit Card, Credit Card, UPI, and others.
