Home Credit Personal Loan

Disclaimer: Home Credit is not a Paisabazaar partner for personal loan and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Home Credit for personal loans. No offers/services from Home Credit are being provided by Paisabazaar for personal loans. For further information about Home Credit for personal loans, users are required to reach out directly to Home Credit.

Note: Rates as of 23 June 2025.

Apply For Personal Loan From Paisabazaar

*Applicable for selected customers

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

Late Payment Charges (Home Credit Personal Loan)

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)

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

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.

Apply for Personal Loan with Quick Disbursal Click Here

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

Home Credit Personal Loan EMI Calculator

Apply for Personal Loan with Quick Disbursal Click Here