Home Credit Personal Loan

Home credit loans allow you to borrow money quickly and easily when you need it. You can get a loan of up to Rs. 5 lakh at affordable interest rates, starting from 1.6% per month, depending on how long you take to repay. The loan can be repaid within 3 years.

Home Credit Personal Loan
Instant Loan Up To 2 Lakhs
100% Paperless Approval
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Loan Amount
Up to ₹5L
Interest Rate
24.00% - 34.00%
Tenure
4 Years
Processing Fee
2.50% - 5.00%
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Fees & Eligibility
Fees & Charges
  • Pre-closure fee = ₹ 0. Allowed only after 6 months
Eligibility Criteria
  • Age limit - 19 years to 58 years
  • Salaried individuals with minimum net monthly income of ₹ 15,000 and above
Documents
  • KYC - PAN, current address and ID proof
  • Bank statement of salary account via netbanking (mandatory)
Features
What you'll love
  • Loan up to ₹ 2 lakhs with instant online approval
  • No processing fee or pre-payment charges
  • Disbursal within a day
  • No guarantor/collaterals required
  • Conditional pre-closure allowed after 6 months
Loan Benefits
- Apply online anytime, anywhere.
- Simple, user-friendly application platform.
- Submit digital documents only, no paper required.
- No collateral or guarantor needed.
- Available to both new and existing customers.
  • Digital loan applications: Apply for loans online from anywhere, anytime, without standing in queues.
  • Loan amount: Borrow up to Rs. 5 lakh with a short repayment period.
  • Instant loan approval: Fast approval due to the online application process.
  • Easy and hassle-free application: Simple, user-friendly platform for quick loan applications.
  • Quick fund disbursal: Funds transferred to your bank account almost immediately after approval.
  • Paperless transactions: Submit digital copies of documents instead of physical paperwork.
  • Multiple repayment options: Pay through NEFT, RTGS, or online wallets like PayTM, PayU, etc.
  • Flexible repayment schedule: Choose a repayment plan that fits your budget.
  • No collateral required: Unsecured loan with no need for collateral or a guarantor.
  • Loan available to all borrowers: Open to both new and existing customers.
Proof of identity
Proof of identity such as Passport, Voters ID, Driving license, Aadhaar card, etc.
Proof of address
Voter ID Card, Aadhaar Card, Passport, or Driving Licence
Other documents
- Passport-size photographs
- Bank account details of the borrower
- The minimum income of the applicant must be Rs.10,000 per month.

How to Apply for a Home Credit Personal Loan?

If you have decided to apply for this loan based on your credit requirements, follow the steps below to get the funds you need:

  • Go to the official website of Home Credit at Home Credit Official Website.
  • Enter your name and mobile number, then click on 'Apply Now'.
  • A new window for the loan application will open.
  • Click on the 'Want to Apply' button on the page.
  • A small form will appear asking for your name, email ID, and mobile number.
  • Fill in the correct details and click on 'Continue'.
  • Once Home Credit receives the request form, a representative will contact you with a personalized quote.
  • Select the right plan and proceed with your loan application.
  • Once your loan is approved, the funds will be disbursed to your bank account quickly.