Guide on Home Credit Cash Loan Late Payment Penalty Based on Amount of Loan
HOME CREDIT CASH LOAN LATE PAYMENT PENALTY 2026 – You can check here the fees and charges applied by Home Credit Philippines.
Many Filipinos are regular clients of Home Credit Philippines. The consumer finance product provider has greatly expanded its offers through the years, thus, it can attend to several situations such as cash needs, gadget purchases, buying of groceries, etc.
The Home Credit Philippines is operating in the country for several decades now since 2013. It hooked huge prominence fast through the Home Credit Product Loan offer that can finance the purchase of gadgets, furniture, appliance, etc.
For good payers of the Home Credit Product Loan, the consumer finance product provider usually extends an offer for a Home Credit Cash Loan.
The Home Credit Cash Loan is a multi-purpose cash that can finance a personal purchase, travel, expand your business, pay for a course enrollment, and whatever purpose it may serve you best. Under the offer, you can get your loan proceeds exactly on the same day of the loan application.
In fact, the loan application can be approved in less than five (5) minutes and there is a very short list of Home Credit Cash Loan requirements for application. If you already have an existing cash loan account with HC or you wish to apply for one, it is best to know its late payment fee as well as the other fees and charges that it may apply on certain situations.
Just like in other loans, there is a late payment fee in case you missed to pay for your Home Credit Cash Loan due on time. Meanwhile, the consumer finance product provider usually extends understanding on certain cases like sickness that could have led to the client being unable to send his/her payment. The fees and charges may be waived by the lender.
The borrowed amount is actually a factor with regards to the Home Credit Cash Loan late payment penalty. Here is a guide on the fees and charges implemented by the consumer finance product provider:
If your loan amount is less than P8,000.00, here are the late payment penalties:
- Collection Charge – P200.00
- past due for 30 days – P400.00
- past due for 60 days – P600.00
- Termination Fee – 40%
If your loan amount is P8,000.00 and above, here are the late payment penalties under the Home Credit Cash Loan:
- Collection Charge – P300.00
- past due for 30 days – P700.00
- past due for 60 days – P1,000.00
- Termination Fee – 40%
While the above-mentioned penalties are followed by the consumer finance product provider for several years now, the fees and charges set by Home Credit Philippines are subject for changes. In case the late payment penalty remains unpaid after 90 days since the due date, it will be recomputed based on the principal amount of the loan.
Are you interested to apply for the loan offer? You can actually apply for the Home Credit Cash Loan offer through the app.