Home Credit Loan Moratorium: Who May Avail the 60-Day Grace Period

Guide on Home Credit Loan Moratorium Qualifications Set

HOME CREDIT LOAN MORATORIUM – Here is a guide on who may avail the 60-day loan grace period offer of Home Credit Philippines.

Many people lost their jobs amid the COVID-19 pandemic. This national crisis has greatly affected even the biggest companies down to the regular households of Filipino families.

Amid the crisis, a lot of people lost their source of income. Many businesses were not able to cope with the demands of the pandemic. They incurred only expenses for months with no or at least very little income.

To help the people and the different sectors of the government, Bayanihan 2 was passed and it gained the approval of President Rodrigo Roa Duterte. It includes moratoriums on loans.

Home Credit Philippines is one of the companies that were quick to make announcements on its compliance with Bayanihan 2. The 60-day grace period on existing loans cover due dates between September 15 to December 31.

Who are eligible to avail the Home Credit loan moratorium?

• Clients who have updated loan accounts with no overdues as of September 15, 2020.
• Clients who have installment dues within September 15 to December 31, 2020.
• Clients with credit card purchases before September 15, 2020.

According to Home Credit, the loan terms of those who will avail the moratorium will be extended for two (2) months. Those who are planning to continue paying their loan dues to avoid adjustments on the terms may continue to do so.

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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