Guide on How To Apply for Home Credit Cash Loan 2024 via App & the Requirements
HOW TO APPLY FOR HOME CREDIT CASH LOAN? It can be done through the My Home Credit app via the offer of the consumer finance product provider.
Are you looking for a financial solution and Home Credit has an offer for you? You may apply for it through the My Home Credit app for a more convenient way of applying for the offer. It will save you money, time, and energy.
Through the My Home Credit app, you don’t anymore have to prepare an amount for fare to go to a partner store and be assisted in applying for the loan offer. Everything is in your hands for the application process.
Before applying for the loan offer, please be aware that the interest rate under the offer is based on the loan amount and the loan term that you have chosen. The monthly interest starts at 2.32% add-on rate.
There are both qualifications and documentary requirements in applying for the Home Credit Cash Loan offer. Here is a guide for you:
Qualifications. Who are qualified to apply for the loan offer? Here are the eligibility requirements set by the international consumer finance product provider for qualification to the loan offer:
- a Filipino citizen
- at least 18 years old but not more than 68 years old
- with valid proof of identity
- with a stable source of income from any of the following:
- employment
- business
- monthly pension
- regular remittance
Documentary Requirements. In applying for the loan offer, there are only a few documents that you will need. This sets an edge for Home Credit Cash Loan compared with most bank loan offers. Here are the documents that you need to prepare:
- duly-accomplished and signed Home Credit Cash Loan Online Application Form
- one (1) valid Primary ID or two (2) secondary IDs
Primary ID
- Unified Multi-Purpose ID (UMID)
- Philippine Identification Card
- Driver’s License
- Postal ID (New)
- Professional Regulation (PRC) ID – Secondary ID with Address Required
- Voter’s ID
Secondary ID
- Postal ID (Old)
- Barangay Certificate
- NBI Clearance
- Phone Bill
- Electricity Bill
- Water Bill
- Mobile/Internet/Cable Bill
How To Apply for Home Credit Cash Loan 2024 via App. To apply for the loan offer via your My Home Credit app account, simply log in to your account using your password. It is important to have a stable internet connection for a smooth application process.
Once you have already logged in to your My Home Credit app account, check on the offers for you and click the cash loan offer. You will be asked to update your information. Afterwards, you can submit it to Home Credit and just wait for the result of the loan application.
The loan can be approved in as fast as one (1) minute. You will be asked to sign your loan application through the One-Time Password (OTP) which will be sent through your mobile number.
Releasing. For approved loan applications, the loan proceeds may be released through a bank transfer or a cash pick-up. Here are the options provided by the international consumer finance product provider:
Bank Transfer
- Bank of China
- China Bank Savings, Inc.
- China Banking Corporation
- BDO Unibank Inc
- Land Bank of the Philippines
- Bank of the Philippine Islands
- Development Bank of the Philippines
- Union Bank of the Philippines
- Security Bank Corporation
- Asia United Bank Corporation
- East West Banking Corporation
- Robinsons Bank Corporation
- Philippines Veterans Bank
Cash Pick-Up
- Cebuana Lhuillier
- USSC
- LBC
- Bayad Center
- Metrobank
Repayment. With regards to the repayment of the loan, there are four (4) options and you can choose the one that best suits you to avoid late payments:
- Auto Debit Arrangement
- Bank of the Philippine Islands (BPI)
- Metrobank
- UnionBank
- Rizal Commercial Banking Corporation (RCBC)
- BDO Unibank
- Security Bank
- Philippine National Bank (PNB)
- EastWest Bank
- Pay through the Mobile App
- Pay through the Website
- Pay Over-the-Counter
- 7/11
- Palawan Express
- USSC
- Asia United Bank (AUB)
- Cebuana Lhuillier
- Touchpay
- MLhuillier
- Bayad Center
- RCBC Over-the-Counter
- BDO Over-the-Counter
- Digipay
In case of a disapproved loan application, you can still re-apply once you received another Home Credit Cash Loan offer.