Interested in financial products
Home Credit Personal Loan

Apply Home Credit Personal Loan

Processing Fee


Max Tenure

1 year

Best Rate


Currently not available! Check Eligibility for similar products

Sorry! We couldn't find any offer matching this category.

About Home Credit Personal Loan

Home Credit is an international NBFC established in 1997 in the Czech Republic and headquartered in the Netherlands. It operates in over 10 countries and focuses mainly on lending to individuals with little to no credit history. It has been operational in India since 2012 and has over 1 crore customers till date.

Home Credit personal loans come in handy to first time borrowers with no credit history. Loan amounts of up to Rs. 2.4 lakhs can be availed from Home Credit with just 2 documents. Credit Score is not mandatory to apply for Home Credit Personal Loans.

Key highlights of Home Credit Personal Loans

  • Easy application process in just 3 steps
  • 0% Processing Fees
  • Unsecured Collateral-free loans
  • No hidden charges. Get total transparency
  • Go paperless completely.
  • Quick processing and fast disbursal within 24 hours
  • Lowest EMIs starting from just Rs.1000
  • Get support at more than 300+ locations across India
  • Apply completely online on the website or the Home Credit App

Benefits and features of Home Credit Personal Loan

No Credit History required – This is one of the primary reasons that millions of customers seek Home Credit for their personal loan needs. Home Credit focuses on first time borrowers who have very little to no credit history at all. These applicants are mostly rejected by banks and other NBFCs, while Home Credit specifically caters to this segment. You can get a personal loan of up to Rs.2.4 lakhs.

Completely online loan processing – Home Credit personal loans are totally online. You can apply for them through their website or mobile app. The processing, approval and disbursal are all done online without the need for you to visit a physical branch.

Instant approval – There are no business hours’ restrictions to apply a personal loan with Home Credit. Since all the processes are carried out online, you can apply for the loan anytime, anywhere. The approvals are instant and so is the loan amount disbursal.

Minimal documentation – You don’t have to go through the hassle of heaps of paperwork with Home Credit. You just need your PAN Card and one address proof document for loan approval.

Flexible repayment options – You get repayment tenures of up to 48 months. You can pay your EMI on the website, mobile app or at authorized collection centres.

Get Top-up Personal Loans – If you have an existing personal loan and are in need of some additional funds, you can apply for a top-up loan. It will be processed based on your repayment history and current credit policies.

Value Added Services you can avail with your Home Credit Personal Loan

Along with all the above benefits, Home Credit gives a few other value added services to their valuable customers. These value adds are optional and customers are encouraged to leverage them to their benefit:

Payment Holiday

This facility makes it possible to delay the monthly instalment by one month. Customers shall be eligible for Payment Holiday following completion of the first 2 EMIs on or before the due date. Pay holiday services are available twice a year during the loan period and there should be an interval of at least 6 EMIs between the two holidays. The loan tenure will be extended by 1-month every time you exercise this facility.

Free Early Repayment 

You have the option to foreclose the loan at any point during the loan period without any extra charges. Just make sure that the following conditions are met before using this service:

  • There shouldn’t be any unpaid balance on your loan
  • The request should be made at least 6 days before the due date in the event that the EMIs are charged in Direct Debit mode.
  • Customers paying EMIs by other payment methods can submit a request at any time prior to the due date.
  • Pre-closing your Home Credit Personal Loan will not have any negative impact on your credit score.

Life Insurance

With your Home Credit Personal Loan, you become eligible for a life insurance worth 1.25 times the loan amount. This policy will help you cover the loan liability in case of any unexpected contingencies like death – due to accident, sickness or natural. In such unfortunate incidents, the loan outstanding shall be cleared using the policy amount and the remaining shall be credited to your nominee.

What is the eligibility criteria for a personal loan?

The criteria to apply for a Home Credit Personal Loan are very simple. You can apply for one if you fulfil the following conditions:

  • Should be between the age group of 19 to 69 years
  • Source of income could be salaried, self-employed or pensioner
  • Minimum monthly income should be Rs. 10,000
  • You need to submit just the 2 documents: 1 ID proof and 1 Address Proof
  • There should be a minimum gap of 90 Days between 2 consecutive Home Credit loan applications
  • You should have an active bank account that is enabled for Netbanking

Documents required to apply for Home Credit Personal Loan

As mentioned above, you only need 2 documents to get a personal loan from Home Credit.

Existing Home Credit Customers

ID Proofs:

  • PAN Card
  • If PAN Card is not available, then Form 60 with one of the three below documents
  • Passport
  • Voter ID Card
  • Driving License  

Address Proofs:

  • Voter ID Card
  • Driving License
  • Passport
  • Government House Allotment Letter
  • Property Tax Receipt

Acceptable documents for first time customers of Home Credit:

  • Voter ID Card
  • Driving License
  • Passport

How do I apply for a Home Credit Personal Loan?

Existing Home Credit Customer: 

Existing customers of Home Credit can view their pre-qualified loan deals on the mobile app. Sales representatives get in touch with eligible customers from time to time to inform them of the latest offers in personal loans. Once you have checked your eligibility, you can apply for the loan on the website or the mobile app itself.

New customers of Home Credit

New customers can conveniently use the mobile app to check their eligibility and apply for the loan. It is as simple as 3 clicks to apply for a Home Credit Personal Loan:

  • Download the Home Credit India mobile app. It is available on Google Play Store.
  • Click on ‘Register and Apply’ to create your account and apply for the loan. 
  • Follow the on-screen instructions to complete the application process.

Interest Rates & Charges associated with Home Credit Personal Loans


Charges & Fees

Loan Amount



Existing Home Credit Customers



New Home Credit Customers



Loan Tenure

Minimum Tenure

Maximum Tenure

Existing Home Credit Customers

9 months


New to Home Credit Customers

6 months


Processing Fees

0 – 5%

Interest Rate

24 – 49%

Part payment charges

Not allowed

Pre-closure charges



1. Am I allowed to choose the loan amount and tenure to suit my needs?

Yes, you can choose the loan amount and the repayment tenure as per your needs.

2. How can I get a top-up loan on my personal loan?

Yes, you can opt for a top-up on your existing personal loan from Home Credit. It shall be processed based on your repayment history and the company’s credit policies.

3. What are the Value Added Services offered along with Home Credit Personal Loan?

Home Credit offers the following value added services to its customers:

  • Payment Holiday
  • Free Early Repayment
  • Life Insurance

4. Is it mandatory to get the value added services while getting the personal loan?

No, the value added services are totally optional. The customer can choose to opt out of them during the loan application process.

5. What are some of the purposes I can use my personal loan for?

Home Credit Personal Loans can come in handy for the following purposes:

  • Online/Offline Education Courses
  • Home Renovation
  • Vacation Plans
  • Medical Expenses
  • Small Business Purposes
  • Wedding Expenses

Home Credit Personal Loan - Customer Reviews

4 / 5 (1641 Reviews)
10 Oct 2018

Very good

8 Oct 2018

Very well done

7 Oct 2018

Nice job

7 Oct 2018

Good service

19 Sep 2018

Very good credit mantri.very help ful.all ready i taken help...from creditmantri

×Thank you! Your comment will be reviewed and posted shortly.

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.