Guide on Home Credit Loan Processing Fee Clients Must Be Aware Of
HOME CREDIT LOAN PROCESSING FEE – Here is a guide on how much is addedd to your loan as processing fee charged to clients.
Nowadays, more and more people turn to Home Credit Philippines when it comes to loans. The widened loan offers of the lending company has attracted more clients aside from the fact that their offers got minimal requirements. If you are a previous or existing client, you can apply for a loan by justing presenting one (1) ID.
Another thing that has attracted clients the most is the fact that the Home Credit loan offers and the other services the firm can extend meet the common demands of the people. Two (2) of these offers is product financing service or loan and the Home Credit Cash Loan.
Under the Home Credit Product Loan or the product financing service, you can apply for a loan to finance the purchase of a mobile phone, another gadget, or a furniture. If approved, you only need to pay 30% of the selling price as downpayment – which will be deducted from your loan. The rest of the balance of the selling price will be paid in monthly installments.
The other popular offer of the lending company is the Home Credit Cash Loan. This loan is now open for previous and existing clients with good payment records. New clients may also be eligible to apply for it depending to the firm.
Under all these loan offers, there is a Home Credit loan processing fee that will be added to your loan apart from the interest. This fee is general for both the product financing service and the cash loan offer of the firm.
The Home Credit loan processing fee is P500.00. It is an upfront charge for the processing of your loan application. Meanwhile, rejected loan applications will not be charged of the amount.
You may also read – Home Credit Loans – Full List of Home Credit Philippines Loan Offers.
