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Home Credit Personal Loan

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Easy Application Process

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Quick Disbursal Within Few Hours

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End-to-End Expert Assistance

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No Collateral/Hidden Charges

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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Why Choose Paisabazaar?
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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

About Home Credit Personal Loan

  • Applicants can avail Home Credit personal loans at attractive interest rates to meet various personal financial needs.
  • Applicants who apply through the Paisabazaar platform can experience a  seamless digital loan process and end-to-end expert assistance.
  • The applicant’s loan approval varies with his/her repayment capacity and creditworthiness.
  • Home Credit personal loans require minimal documentation, no collateral/security and are disbursed within a few hours.
  • These personal loans come with zero hidden charges and can be repaid over a flexible tenure.

Home Credit Personal Loan Highlights

Interest rates 1.6% per month onwards
Loan amount  Rs. 10,000 – Rs. 4.80 lakh
Tenure  9 months to 60 months
Minimum Income Rs 10,000
Processing fees Up to 5% of the loan amount + applicable charges
Foreclosure fee Nil

Note: Rates as of 9 December 2025.

Home Credit Personal Loan Interest Rate

Home Credit Personal Loan Interest Rate start from 1.6% per month.  The final personal loan interest rate offered would depend on various factors including the borrower’s occupation profile, age, income, etc. However, the lender has not disclosed the interest rate for Home Credit Flexible Loan.

Home Credit Personal Loan Fees and Charges

Processing fee

Personal Loan 0-5% of the loan amount + GST
Annualized Percentage Rate ( APR) Between 19.5% – 48%

Late Payment Charges (Home Credit Personal Loan)

Days Past Due 1 day 30 days 60 days 90 days 120 days 150 days 180 days
 Charges Rs 550 Rs  600 Rs 650 Rs 750 Rs 750 Rs 750 Rs 750
Total Late Payment Charges Rs 550 Rs 1150 Rs 1800 Rs 2550 Rs 2850 Rs 3300 Rs 4800

Note:

  1. Additional fees will be levied for Value Added Services (if opted).
  2. The annual interest rates and processing fees may vary based on the risk profile of the customers.

Late Payment Charges (Home Credit Flexible Personal Loan)

Days Past Due Outstanding Principal Amount
Less than or equal to ₹ 5,000 More than ₹ 5000 
Late Payment Charges Total Late Payment Charges Late Payment Charges Total Late Payment Charges
1 Day ₹ 200 ₹ 200 ₹ 550 ₹ 550
30 Days ₹ 300 ₹ 500 ₹ 600 ₹ 1150
60 Days ₹ 400 ₹ 900 ₹ 650 ₹ 1800
90 Days & Above ₹ 500 ₹ 1400 ₹ 750 ₹ 2550
120 Days ₹500 ₹1900 ₹750 ₹3300
150 Days ₹500 ₹2400 ₹750 ₹4050
180 Days ₹500 ₹2900 ₹750 ₹4800

Note: In case of non-payment, Late Payment Charges will be levied on the total outstanding principal amount of the loan.

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Types of Home Credit Personal Loans

Home Credit Flexible Personal Loan

  • Purpose: It is a credit line facility offered by Home Credit India wherein customers can withdraw any amount starting from Rs 10,000 to up to Rs 1,00,000, anytime for various purposes like travel, education, wedding, home renovation, etc.
  • Tenure: Up to 5 years (3 years flexible & 2 years fixed). If borrowers are unable to repay the loan within three years, they can convert Flexible Personal Loan into a term loan for upto 2 years.
  • Loan Amount: Up to Rs 1 lakh

Home Credit Personal Loan for Travel

  • Purpose: To meet the financial requirements for travel
  • Tenure: 6 months to 51 months

Home Credit Personal Loan for Medical Emergencies

  • Purpose: Medical Loan to bear emergency medical situations
  • Tenure: 6 months to 51 months

Home Credit Personal Loan for Marriage

  • Purpose: For meeting the financial requirements for a wedding
  • Tenure: 6 months to 51 months

Home Credit Personal Loan for Small Businesses

  • Purpose: To bear new business commencement expenses
  • Tenure: 6 months to 51 months

Home Credit Personal Loan for Home Renovation

  • Purpose: Collateral free loans for home renovation related expenses such the cost of contractors, interior designers, raw material purchase, etc.
  • Tenure: 6 months to 51 months

Home Credit Personal Loan for Education

  • Purpose: Unsecured loan for bearing education related expenses
  • Tenure: 6 months to 51 months

Home Credit Personal Loan for Self-employed

  • Purpose: To bear expenses for business expansion
  • Tenure: 6 months to 51 months

Value added services offered by Home Credit:

  • Payment holiday: This feature allows the borrowers to postpone their EMI in emergency situations. It does not have a negative impact on the borrower’s CIBIL score.
  • Free early repayment: Borrowers can close the loan account anytime without any extra cost.
  • Life cover: Borrowers can opt for life cover of up to 1.25 times the loan amount to help the repayment of the outstanding loan amount in case of their untimely death.

Eligibility Criteria for Home Credit Personal Loan

  • Indian citizen
  • Employment: Salaried and self-employed professionals or pensioners
  • Minimum income: Rs 10,000
  • Age: 19 to 68 years
  • Active bank account
  • Gap between two 2 Home Credit loan application should be 90 days

In addition to the above-mentioned eligibility criteria, Home Credit may also consider the credit score, occupation profile, employer’s profile, etc of its personal loan applicants, as used by many lenders for evaluating the personal loan eligibility of their applicants.

Documents Required for Home Credit Personal Loan

  • PAN Card
  • Form 60 if PAN card is not available (with one of the following documents — Passport, Voter ID and driving license — for ID proof)
  • Valid address proof:
    • Voter ID Card
    • Driving License
    • Passport Government House Allotment Letter
    • Property Tax Receipt

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

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Personal Loan Articles

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Reasons for Delay in Personal Loan Processing

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APR vs Interest Rate in Personal Loans: What’s the Difference?

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What our customers say

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

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Aridaman Singh ParhichaDec 11, 2025

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

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Priyam Sarkar MajumdarDec 10, 2025

I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

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Bilal ZaidiDec 9, 2025

Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

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Mohit YadavDec 3, 2025

Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

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Gautam BakshiDec 3, 2025

Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

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Shivani SuryaDec 3, 2025

Pre-approved offers with quick approval

I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

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Suraj VermaDec 3, 2025

Same day approval. wow.

The loan was approved the same day — super smooth and transparent process.

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Shiv KumarDec 3, 2025

Best Loan Terms on My Credit Score in the Market

Paisabazaar helped me get a loan even with a borderline credit score. Really impressed with how smooth everything was.

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SunnyDec 3, 2025
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