Guide on Home Credit Product Loan Late Payment Fees
HOME CREDIT PRODUCT LOAN – Here is a guide on the late payment fees implemented by HC under this loan depending on the days since the due.
When it comes to lending firms in the Philippines, one of the most popular companies now is Home Credit Philippines. It has greatly hooked a lot of people because of its excellent features – offers that meet the public demand, minimal loan requirements, and fast loan approval.
Offers that meet the public demand. The loan offers and services of Home Credit are very appealing to the needs of most people. Many individuals now are into making purchases under loan offers so they don’t have to pay under a one-time full payment scheme. With Home Credit, you can get your target gadget like mobile phones and appliances or even furnitures by paying only a downpayment of 30% of the selling price of the item. The rest will be paid in monthly installments under the Home Credit Product Loan offer.
Another loan offer of Home Credit is Home Credit Cash Loan. You can borrow an amount for the expansion of your business, to fund your schooling for another course, to meet your travel expenses, etc.
Minimal Loan Requirements. For new clients, Home Credit only requires at least two (2) valid IDs and a proof of income. The applicant must be able to prove the stability of the income through documents like payslips.
Fast Loan Processing. With Home Credit, you can get your item or money on the same day that you applied for a loan. The loan application, approval, and the release of the item or cash can even all happened in just two (2) hours.
How about if your Home Credit Product Loan payment was late? You need to prepare for late payment fees and it is important to be aware of them prior to your loan application. This is one way to prevent wasting money on late payment fees.
Home Credit Product Loan Late Payment Fees
- Collection Charge – P200.00
- 30 days since loan due – P400.00
- 60 days since loan due – P600.00
- Termination Fee – P28%
Home Credit has set different rates as late payment fees under its cash loan offer. To check on it, you may visit – Home Credit Cash Loan Late Payment Penalty: Here’s List of Fees Based on Loan Amount.