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HOME CREDIT LOAN – How To Apply For Loan To Buy Gadget / Appliance

Guide on How To Apply for Home Credit Loan To Buy A Gadget / Appliance

HOME CREDIT LOAN – Here is a guide on how to apply for a loan to Home Credit Philippines to buy a gadget, an appliance, a furniture, or some goods.

Nowadays, obtaining your target gadget, appliance, or furniture without paying for it in full on a one-time payment is possible. It is because of lending firms that are offering loans to individuals who wanted to buy a certain thing and pay for it in installment.

One of these firms with the said offer is Home Credit Philippines. It has a lot of partner stores nationwide thus you really have a lot of products to choose from. In fact, it has several agents deployed in most shopping malls around the country.

Under the Home Credit Loan, you may buy and bring home your target gadget, appliance, or furniture and pay for it in low monthly amortizations. The payment mode also promotes convenience – you can apply for an automatic account debit to avoid the penalties due to missed payments.

How much you can borrow under this loan offer?

Under the loan for gadgets, appliances, and furniture, there is no limit. You just have to prepare 30% of the selling price of the target thing for the down payment. The rest will be paid by the lending firm and you will pay for it installment to the firm including the insurance of the gadget, appliance, or furniture.

Downpayment example:

  • Selling Price: Php 5,900.00
  • Downpayment: Php 1,770.00

Who are eligible for the said loan offer?

  • a Filipino citizen with two(2) valid identification cards (IDs)
  • age between 18 years old to 68 years old
  • has a stable income (employed, self-employed, businessman, pensioner, regular remittance receiver)

How To Apply for Home Credit Loan?

Step 1 – Prepare two(2) valid IDs

Prepare two(2) valid IDs with at least one(1) of them bearing your address. It must have a photo and valid on the day of the application for the loan. You may present an SSS ID, PRC ID, LTO Driver’s License, a passport, a TIN ID, a Voter’s ID, or UMID.

Those were considered as primary IDs based on the official website of Home Credit Philippines. You may also support them with secondary identification IDs and documents such as the following:

  • Bank account statement
  • Brgy. Certificate/Clearance
  • Certificate of Employment
  • NBI Clearance
  • Company ID
  • Electric bill
  • Mobile phone bill
  • Water bill
  • PhilHealth Card
  • Phone bill
  • Postal ID
  • Remittance Slip
  • Salary Slip

Step 2 – Visit a partner store of Home Credit

With your IDs, proceed to a Home Credit partner store where your target gadget, appliance, or furniture is sold. Inform the Home Credit agent regarding your purpose. Choose a loan term.

Step 3 – Undergoing the application process

Provide the details asked by the Home Credit agent. After submitting your application, wait for the result of your application. The approval may take as fast as one(1) minute.

Step 4 – Pay for the down payment

Usually, pay for the down payment of the gadget, appliance, or furniture you wanted to purchase. You may check on the features of the thing you’ll buy. The agent will also discuss the loan payment information.

Step 5 – Enjoy your new gadget, appliance, or furniture

Bring your new gadget, appliance, or furniture home. You can start enjoying their excellent features.

The payment for your loan will start the following month. Be updated to receive more excellent offers from Home Credit Philippines and maintain a good credit record.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

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