Home Credit Loans Under 60-Day Grace Period in Compliance w/ Bayanihan 2

Clients of Home Credit Loans May Avail 60-Day Grace Period

HOME CREDIT LOANS – In compliance with Bayanihan 2, the Home Credit Philippines offers a 60-day grace period on loan accounts.

A lot of people are currently struggling financially due to the impacts of the COVID-19 pandemic. For others, there were times when the companies they’re working for temporarily stopped its operation amid the quarantine measures. They got debts for having no salary.

Unfortunately, there are also those who really lost their jobs amid the COVID-19 crisis. It is mainly because several companies had to close after incurring only expenses with no income for months.

Many of the people who lost their jobs amid the crisis have loans to pay. It is another thing to think about aside from the daily challenge of putting food on the table.

The national government passed and approved the Bayanihan to Recover As One Act or BARO. It aims to helps the people and the different government agencies cope with the demands of the pandemic.

One of the ways to help the people is through loan moratorium. As mentioned earlier, a lot of people who lost their jobs have loans to pay. Meanwhile, the moratorium is for all qualified loan clients.

The Home Credit loans are among those covered by the 60-day grace period. Those due dates covered by the moratorium are those that fall between September 15, 2020 to December 31, 2020.

Home Credit has set qualifications on loans that may avail the 60-day grace period. To check if you are eligible to avail it, you may visit – Home Credit Loan Moratorium: Who May Avail the 60-Day Grace Period.

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