Guide on Home Credit Product Loans & their Features
HOME CREDIT PRODUCT LOANS – The international consumer finance provider has several loan offers that can finance different product purchases.
Nowadays, you do not have to wait for months or years to be able to save money to buy that mobile phone, computer, appliance, or another electronic gadget that you wish to purchase. You can have its purchase under an installment basis through the Home Credit loan offers.
The popular international consumer finance provider got several Home Credit Product Loans. Undeniably, these are its most popular offers which have greatly contributed not only to its prominence but its over-all successful operations in the Philippines.
The Home Credit Product Loans are the financial solutions that do not come by offer. As long as you pass the requirements, you have a chance of qualifying for it and getting your loan application approved.
Undet the Product Loans, you may apply for the financing of the purchase of any of the following:
- Mobile Phones
- Desktop Computers and Laptops
- TV and Appliances
- Furniture
- Gadgets & Electronic products
- Refrigerator
- Washer and Dryer
- Air Conditioner
- Gym Accessories
- Stationary Bicycles
With regards to the downpayment, the lender may require 20% to 40% of the selling price of the item for the downpayment. In some cases of good-paying clients, there might be a zero downpayment offer. The interest rate may range from 0% up to 5.99% per month.
Who are qualified to apply for the Home Credit Product Loans? Undeniably, the very short list of the eligibility requirements set by the consumer finance provider makes their products accessible to a lot of people.
To qualify for the Product Loans, here are the qualifications that the loan applicant must meet:
- a Filipino citizen
- at least 18 years old but not more than 68 years old at the time of the loan maturity
- with a reliable source of income such as employment, business, pension, and remittances
With regards to the documentary requirements in applying for the product loan offers, you only have to prepare at least one (1) primary ID which contains your current address. Here is a guide on the IDs accepted by the consumer finance provider:
Primary IDs]
- Unified Multi-Purpose ID (UMID)
- Driver’s License
- Philippine Identification Card
- Postal ID (New)
- Voter’s ID
- Professional Regulation (PRC) ID – Secondary ID with Address Required
Secondary IDs
- Postal ID (Old)
- NBI Clearance
- Barangay Certificate
- Phone Bill
- Water Bill
- Electricity Bill
- Mobile/Internet/Cable Bill
To apply for the Home Credit offers, you may either a visit a partner store of the consumer entity and be assisted by its sales agent or you may do it online through your My Home Credit app.
