Home Credit Cash Loan Early Repayment Options — A GUIDE

List of Home Credit Cash Loan Early Repayment Options for Borrowers

HOME CREDIT CASH LOAN – Here are two (2) options for the borrowers on early repayment of the borrowed amount.

Have you heard about the multi-purpose loan offer of Home Credit Philippines? It has aided countless Filipinos in their financial needs. One of its best features is that it can provide instant money unlike most banks wherein the processing period alone takes several days.

The Home Credit Product Loan remains the most popular loan offer of the consumer finance product provider but the Home Credit Cash Loan is also benefiting countless HC account-holders now. You may apply for it to finance personal purchases, get your car repaired, finance the home improvements, etc.

Under the Home Credit money loan offer, the loanable amounts may vary but the lending entity has set a range on the borrowing amounts it allows. It is a fast cash loan offer and you can get your money on the same day that you applied and got an approved loan application.

The loan is payable for up to 48 months thus, there is really an option for light monthly installments. To qualify for the loan offer, you just have to be a Filipino citizen between 18 to 68 years old with a valid ID.

Primary IDs

• Unified Multi-Purpose ID (UMID)
• Driver’s License
• Philippine Identification Card
• Postal ID (New)
• Voter’s ID
• Professional Regulation (PRC) ID – Secondary ID with Address Required

Secondary IDs

• Postal ID (Old)
• NBI Clearance
• Barangay Certificate
• Phone Bill
• Water Bill
• Electricity Bill
• Mobile/Internet/Cable Bill

With regards to the Home Credit Cash Loan repayment options in case you wish to repay your loan early, there are two (2) options provided for borrowers — “Partial Early Repayment” and “Full Early Repayment”.

The repayment is allowed within 15 days since the signing of the loan application. Here are the two (2) repayment options under the Home Credit Cash Loan:

Partial Early Repayment

• must be done within 15 days since you have signed your loan contract
• advance payment would cover at least 2 months’ worth of monthly installments
• interest and insurance will be waived for the months covered by the early repayment

Full Early Repayment

• must be done within the first 15 days after signing
• repay the full loan amount without any fees and interest
• call the Home Credit Customer Service Hotline at (02) 7753 5711.