Home Credit Personal Loan

Features and Benefits of Home Credit Personal Loan 

The features of Home Credit personal loan are mentioned below: 

1. Fully Digital Process: Online application with no physical visits or long queues required. 

1. Instant Approval: Fast online processing ensures quick loan approval. 

1. Hassle-Free Application: Simple, user-friendly platform for a smooth application experience. 

1. Quick Disbursal: Funds are credited to your bank account within hours of approval. 

1. Paperless Process: No need for physical documents—just upload digital copies online. 

1. Flexible Repayment Options: Choose your repayment tenure as per convenience to avoid defaults. 

1. Multiple Payment Channels: Repay via NEFT, RTGS, or wallets like PayTM, PayU, PayNimo, etc. 

1. Flexible Usage: Use loan amount (up to Rs.4.80 lakh) for any purpose—travel, education, medical, home renovation, business, etc. 

1. Custom Repayment: Tenure options from 9 to 60 months for flexible and convenient repayment. 

1. Minimal Documents: Just two documents, PAN (mandatory) and address proof (Aadhaar, Voter ID, Passport, or Driving Licence). 

1. No Collateral Required: No need to pledge assets as it is a 100% unsecured loan. 

1. 100% Online Process: Apply via app in 3 simple steps with fast processing and disbursal. 

1. No Hidden Charges: Transparent process with clear terms and no hidden fees. 

Home Credit Personal Loan Eligibility

While this scheme does not mandate that the individual applying for this scheme should be an existing customer, there are certain requirements that should be met in order to be eligible for a Home Credit Cash Loan. Learn about the factors that will be considered if you choose to apply for this loan, by checking out the list mentioned below:

1. Must be an Indian citizen aged 18 to 60 years 

1. Should have valid ID and current address proof 

1. Can be employed, self-employed, or a pensioner 

1. Must hold an active bank account 

1. A 90-day gap is required between two Home Credit loan applications 

1. Monthly household income should be over Rs.25,000 (household = husband, wife, and unmarried children) 

1. Must be an existing Home Credit customer (e.g., previously availed Ujjwal EMI Card, Consumer Durable Loan, or Personal Loan) 

List of documents required for exsisting Home Credit customers to apply for personal loan: 

ID Proof (Mandatory): 

1. PAN Card 

Address Proof (Submit anyone): 

1. Aadhaar Card 

1. Voter ID Card 

1. Driving Licence 

1. Passport 

1. Government House Allotment Letter 

1. Property Tax Receipt 

Fees and Charges on Home Credit Personal Loan

The fees and charges applicable on Home Credit personal loan are mentioned in the table below: 

Late Payment Fee by Days Past Due 

How to Apply for a Home Credit Personal Loan?

If you have decided to apply for this loan based on your specific credit requirements and also need to be an existing Home Credit customer.

Existing customers can download the Home Credit app from Google Play store and 

Apply for the loan. The customer care representatives will get in touch with the eligible customers.  

Documents Required to Apply for Home Credit Cash Loan

The following is the list of documents required to apply for the Home Credit personal loan: 

Only two documents needed in total 

1. PAN Card is mandatory for all loans (except two-wheeler loans) 

1. If PAN is not available (for two-wheeler loans only), Form No. 60 must be submitted as per Income Tax Rules 

Submit any one of the following documents (along with PAN or Form 60): 

1. Voter ID 

1. Passport (must not expire within 3 months) 

1. Driving Licence (must not expire within 3 months) 

1. Masked Aadhaar 

Note: Additional income proof or documents may be required in certain cases.

Home Credit Personal Loan Customer Care

The contact details of Home Credit customer care executives are listed in the table below: 

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