Guide on How To Apply for Home Credit Cash Loan 2024 In-Person & the Requirements
HOME CREDIT CASH LOAN 2025 – You may apply for the multi-purpose loan offer of Home Credit Philippines in person and get instant funds.
One of the lending entities that have grown to popularity in the Philippines is Home Credit. Undeniably, a huge part of the Filipino populace are clients and former clients of the lending entity that started operating in the country in 2013.
Home Credit has several offers. It has the Home Credit Product Loans which are the most popular offers of the lending entity. Many people have achieved their dream gadget or appliance because of the financing offer of the state entity.
Through the years, the state entity has continuously grown its loan offers. It now has the Home Credit Cash Loan that is usually extended to good payers of the lending entity. The borrowing amounts allowed under the loan depends on the offer of Home Credit.
How much is the interest rate under the Home Credit Cash Loan offer? The monthly interest rate starts at 2.32% add-on rate. The loan term can be extended to up to 60 months. The loan application process may take within an hour and you may get approved in as fast as one minute.
Who are qualified to apply for the loan offer? There are specific sets of qualifications, documentary requirements, and application process set under the Home Credit Cash Loan offer. You can apply in-person which will be detailed below.
Qualifications. To be eligible to apply for the cash loan offer, here are the qualifications that a client must meet:
- a Filipino citizen
- 18 years old and above but not more than 68 years old
- with valid proof of identity
- with a stable source of income from any of the following:
- employment
- business
- monthly pension
- regular remittance
Requirements for Submission. With regards to the documents that are needed in applying for the Home Credit Cash Loan offer, here are the requirements set:
- duly-accomplished and signed Home Credit Cash Loan Online Application Form
- one (1) valid Primary ID or two (2) secondary IDs
Primary ID
- Unified Multi-Purpose ID (UMID)
- Philippine Identification Card
- Driver’s License
- Postal ID (New)
- Professional Regulation (PRC) ID – Secondary ID with Address Required
- Voter’s ID
Secondary ID
- Postal ID (Old)
- Barangay Certificate
- NBI Clearance
- Phone Bill
- Electricity Bill
- Water Bill
- Mobile/Internet/Cable Bill
Home Credit Cash Loan Application In-Person. In applying for the loan offer, there are several options. One of which is to apply for the cash loan in person. To do it, you just have to prepare your documentary requirements and go to a partner store of the lending entity and look for a Home Credit agent that can assist you.
The Home Credit sales agent may ask you to provide some information for the online application. Once approved, you may get the money on the same day that you applied for the loan depending on the disbursement channel that you have chosen.
Releasing of Loan Proceeds. There are disbursement options under the Home Credit loan offer. You may choose from any of the following:
Bank Transfer
- Bank of China
- China Bank Savings, Inc.
- China Banking Corporation
- BDO Unibank Inc
- Land Bank of the Philippines
- Bank of the Philippine Islands
- Development Bank of the Philippines
- Union Bank of the Philippines
- Security Bank Corporation
- Asia United Bank Corporation
- East West Banking Corporation
- Robinsons Bank Corporation
- Philippines Veterans Bank
Cash Pick-Up
- Cebuana Lhuillier
- USSC
- LBC
- Bayad Center
- Metrobank
Repayment. In repaying for the loan, a client is allowed to pay for the loan for up to five (5) years or 60 months. You can choose the payment to be through any of the following:
- Auto Debit Arrangement
- Bank of the Philippine Islands (BPI)
- Metrobank
- UnionBank
- Rizal Commercial Banking Corporation (RCBC)
- BDO Unibank
- Security Bank
- Philippine National Bank (PNB)
- EastWest Bank
- Pay through the Mobile App
- Pay through the Website
- Pay Over-the-Counter
- 7/11
- Palawan Express
- USSC
- Asia United Bank (AUB)
- Cebuana Lhuillier
- Touchpay
- MLhuillier
- Bayad Center
- RCBC Over-the-Counter
- BDO Over-the-Counter
- Digipay