Home Credit’s primary financial offering is its product loan, designed for purchasing high-value items such as laptops, smartphones, electronics, musical instruments, furniture, and household appliances. This loan enables customers to pay for their purchases through manageable monthly installments, even if they do not possess a credit card, making it an appealing Buy Now, Pay Later (BNPL) solution in the Philippines.
Key Features:
- Loan Amount: Up to ₱60,000 for eligible transactions.
- Interest Rate: Ranges from 0% to 5.99% per month.
- Repayment Terms: Flexible repayment periods of six to 24 months.
- Down Payment: Typically 20% to 40%, depending on the item’s price and installment offer.
- Processing Fee: A standard 3% of the loan amount.
- Requirements: Primary valid identification with address and date of birth; if unavailable, a secondary ID containing the necessary information.
- Store Availability: Accessible at any of Home Credit’s 14,500 partner stores.
- Brand Selection: Includes popular brands such as Apple, ASUS, Oppo, Samsung, Vivo, Xiaomi, and more.
- Partner Merchants: Recognizable names like Abenson, FC Home Center, Robinsons Appliances, Silicon Valley, SM Appliances, among others.
CashLoanPH Changed status to publish 02/04/2024