Guide in Availing Home Credit Loan Grace Period Under Bayanihan 2
HOME CREDIT LOAN – Here is a guide on whether or not availing the Home Credit grace period will affect your qualification for a gift payment.
The national government passed the Republic Act No. 11494 or the Bayanihan To Recover As One Act amid the COVID-19 crisis in the Philippines. Also known as the Bayanihan 2, it gained the approval of President Rodrigo Roa Duterte.
The new law aims to help the different agencies of the government and the ordinary Filipinos cope with the demands of the pandemic. Undeniably, many businesses closed amid the pandemic and a lot of employees lost their jobs amid the crisis.
Under the Bayanihan 2, there are loan moratoriums or grace period. Several banks and lending companies were quick to express their compliance of the new law.
Home Credit Philippines is one of those that released guidelines regarding the 60-day grace period on loans and credit card bills. It is one of the most popular lending companies in the country and many people have existing loans with the firm.
Undeniably, one of the things many people like about Home Credit is its minimal requirement in applying for a loan. It offers product financing services and cash loan.
Amid the COVID-19 pandemic, qualified clients may avail a 60-day grace period on Home Credit loan. This offer covers due dates between September 15 to December 31, 2020.
According to the lending firm, availing the grace period for a Home Credit loan will not affect the client’s qualification for a gift payment. As long as your account is updated with no delayed payment outside the grace period coverage, you may be granted with a gift payment.
Do you want to avail the said offer? You may visit – How To Avail Home Credit Loan Grace Period Offer.
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