Home Credit Personal Loan

Home credit loans let you borrow money quickly whenever you need it. You can borrow up to Rs. 5 lakh at low interest rates starting from 1.6% per month. You can repay the loan over a period of up to 4 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
19.20%
Tenure
4 Years
Processing Fee
2.50% - 5.00%
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Fees & Eligibility
Fees & Charges
  • The pre-closure fee is ₹0 and is applicable only after a minimum period of 6 months.
Eligibility Criteria
  • Applicants should be between 19 and 58 years of age and have a regular monthly income of at least ₹15,000 after all deductions.
Documents
  • KYC documentation: PAN card, current address proof, and a valid ID proof.
  • Submission of your salary account bank statement through net banking is mandatory.
Features
What you'll love
  • Loan up to ₹2 lakhs with quick online approval
  • No processing fees or prepayment charges
  • Disbursal typically within one day
  • No guarantor or collateral required
  • Pre-closure allowed after six months, subject to conditions
Loan Benefits
- Apply online at your convenience, from any location.
- Experience a straightforward and intuitive application process.
- Submit all required documents digitally, with no paperwork involved.
- No collateral or guarantor is necessary.
- Accessible to both new and existing customers.
Proof of identity
Acceptable proof of identity includes, but is not limited to, a valid Passport, Voter ID, Driving Licence, Aadhaar Card, or any other government-issued identification document.
Proof of address
Voter ID Card, Aadhaar Card, Passport, or Driving Licence
Other documents
- Recent passport-sized photographs
- Borrower’s valid bank account details
- Applicants must have a minimum monthly income of ₹10,000 to qualify for the loan.
  • Quick Approval & Disbursal: Get your loan approved and funds transferred to your account fast.
  • Apply Online Anytime: Submit your loan application digitally without visiting a branch.
  • Flexible Repayment: Choose a repayment plan and method (NEFT, RTGS, PayTM, PayU) that suits your budget.
  • Loan Amount: Borrow up to Rs. 5 lakh with a short repayment tenure.
  • No Collateral Needed: Unsecured loan with no guarantor required.
  • Paperless & Easy: Submit documents digitally for a smooth, hassle-free process.
  • Accessible to All: Available for both new and existing customers.

How can you apply for a personal loan from Home Credit?

If you’ve chosen this loan to meet your credit needs, just follow the steps below to get the money.

  • Visit the official Home Credit website by going to Home Credit's official page.
  • First, enter your name and mobile number, then click 'Apply Now'.
  • A new page for the loan application will open.
  • On that page, click the 'Want to Apply' button.
  • A small form will pop up asking for your name, email, and mobile number.
  • Fill in the correct information and click 'Continue'.
  • After you submit the form, someone from Home Credit will get in touch with a custom loan offer.
  • Choose the plan that suits you best and continue with the application.
  • As soon as it's approved, the money will be quickly added to your bank account.
Frequently Asked Questions

Can I apply for a top-up on my existing loan?

Yes, if your repayment history is good, you can request a top-up loan through the Home Credit App.

Can I choose my loan amount and repayment period?

Yes, you can select the loan amount and tenure based on your eligibility with Home Credit India.

How can I check my loan status?

You can track your application and approval status in the Home Credit App. Once approved and auto-debit is set, the loan is usually disbursed within five working days.

Are there any extra charges?

A processing fee of 5% may apply on your loan amount.

What happens if I miss a payment?

Late payment charges are applied to the outstanding loan if your EMI is not paid on time.

Do I have to take value-added services with the loan?

No, these services like Safe Pay, Safe Pay Health Lite, and Health Assure are optional and can be chosen based on your needs.