Home Credit Loan Grace Period – Will There Be An Accrued Interest?

Guide in Availing the Home Credit Loan Grace Period Amid the COVID-19 Pandemic

HOME CREDIT LOAN GRACE PERIOD – Here is a guide on whether or not there is an accrued interest when you avail the Home Credit loan moratorium.

To help ease the burden of the people and to assist the different sectors of the government in coping with the COVID-19 pandemic, the Bayanihan To Recover as One Act (BARO) was passed.

The Bayanihan 2 got the approval of President Rodrigo Roa Duterte. On the level of the individuals, there is a loan moratorium which is truly helpful for those who have loans to pay amid the COVID-19 crisis.

Several banks and lending companies were quick to issue announcements in compliance with their existing loan accounts. One of these is the Home Credit Philippines.

Home Credit is implementing the 60-day grace period qualified loans. It covers due dates that fall between September 15, 2020 until December 31, 2020.

The lending firm has set eligibility requirements for the availment of the moratorium. To check on who are eligible for the said 60-day moratorium offer, feel free to visit – Home Credit Loan Moratorium: Who May Avail the 60-Day Grace Period.

Clients who wanted to continue paying for their loan amortizations may do so. You won’t be charged by an accrued interest and your loan term will stick to the original term during the application.

For those who wanted to avail the Home Credit loan grace period, there will be an accrued interest during the 60-day moratorium. Also, your loan term will be adjusted with an extension of two months.

Do you want to avail the said offer? You may visit – How To Avail Home Credit Loan Grace Period Offer.

Thank you for visiting our website. We hope we have helped you with regards to this Home Credit matter. You may keep coming back for more informative guides.

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