Home Credit Loan Accrued Interest – Can I Pay For It In Staggered Basis?

Guide on Home Credit Loan Accrued Interest Payment & Deadline

HOME CREDIT LOAN ACCRUED INTEREST – Here is a guide on whether or not you may pay for the accrued interest to Home Credit Philippines.

A lot of households are dealing with the COVID-19 crisis now. Many people including those who are breadwinners of their families lost their source of income amid the crisis.

The entire country is under community quarantine measures for several months now. It is part of the efforts to curb the spread of the disease. This pandemic brought a lot of changes and a lot of people only go out for the essentials now.

Due to the pandemic, several businesses were not able to thrive to its demands and eventually closed. A lot of people lost their jobs amid the crisis.

Home Credit Loan Accrued Interest

To help the people and the different sectors of the government, Republic Act No. 11494 or also called as the Bayanihan 2 was passed. It includes loan moratoriums and as well as grace period on credit card bills.

One of the companies that issued guidelines on grace period for loans and credit card bills is Home Credit Philippines. Qualified clients may avail the one-time 60 day grace period.

Do you want to know who are eligible to avail the said loan grace period offer? You may visit – Home Credit Loan Moratorium: Who May Avail the 60-Day Grace Period.

Should you wish to avail the loan grace period, you must be aware that there will a Home Credit loan accrued interest. Meanwhile, late payment fees are waived.

According to the lending firm, a client may pay for the Home Credit loan accrued interest in staggered basis. The deadline set is December 31, 2020.

You might like to know how the interest is computed. You may visit – Home Credit Loan Grace Period Accrued Interest – How It Is Computed.

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.

READ ALSO: How To Avail Home Credit Loan Grace Period Offer

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