home credit interest rate on personal loan
In such unfortunate incidents, the loan outstanding shall be cleared using the policy amount and the remaining shall be credited to your nominee. No, the value added services are totally optional. Get terms up to eight years, with the possibility of no down payment. With competitive interest rates and comfortable repayment tenures, Home Credit Personal Loans are approved and disbursed in a matter of hours. What are some of the purposes I can use my personal loan for? Product name, logo, brands, and other trademarks featured or referred to within Credit Mantri are the property of their respective trademark holders. The personal loan interest rates provided by Home Credit India are quite affordable. Door No.3, Block B, No.147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road, Thousand Lights, Chennai - 600006, A 750+ credit score can increase your credit approval chances, Get low interest loans & Lifetime FREE credit cards. It operates in over 10 countries and focuses mainly on lending to individuals with little to no credit history. This example is an estimate only and assumes all payments are made on time. These applicants are mostly rejected by banks and other NBFCs, while Home Credit specifically caters to this segment. Fee. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. Key factors impacting the applicable rate include loan amount, tenure, credit score of the applicant and other factors related to the applicant’s profile. This bank offers one of the lowest potential APRs at 5.24% and its loan terms can be as short as 12 months or as long as 84 months. Get your Home Credit Personal Loan with no credit score! 1 site for Credit Analysis and Free Credit Score Online. 4.50%. The loan tenure will be extended by 1-month every time you exercise this facility. Your actual rate depends upon credit score, loan amount, loan term, and credit usage and history, and will be agreed upon between you and the lender. However, it's a calculated risk based on historical data: "We say 5% to 10% because that is the historic average rate of return of investments," says Sanborn Lawrence. Quick Processing & Speedy Approval at creditmantri.com The average personal loan APR is 9.34%,Â according to theÂ Fed'sÂ most recent data. Details About Home Credit App: App Type: Finance/ Loan: Google Play Rating: 4.2: Loan Amount: Min. How do I apply for an ICICI personal loan? Download the Home Credit India mobile app. APR**. Member FDIC. The processing, approval and disbursal are all done online without the need for you to visit a physical branch. It will be processed based on your repayment history and current credit policies. What are the Value Added Services offered along with Home Credit Personal Loan? HOME CREDIT Personal Loan @ 28.5% * - Check your (FREE Credit Score) first & Apply for HOME CREDIT Personal Loan for Instant Approval in (5 Mins). Yes, you can opt for a top-up on your existing personal loan from Home Credit. We treat your data with the utmost confidentiality and will never share or sell it to anyone. Like everything money-related, this comes with a little bit of risk. However, the best interest rate is always 0%. Pay holiday services are available twice a year during the loan period and there should be an interval of at least 6 EMIs between the two holidays. These are the most important factors, 10 questions to ask before you take out a personal loan, How to decide between a using personal loan or a 0% APR card to get out of debt, Congress finally reached a deal on $600 stimulus checksâhere's what you should do with the money, Last chance to earn up to 5% cash back on groceries with the Chase Freedom Flex and Unlimited bonus, Will there be a stimulus check before the new year? Can I Get a Personal Loan with No Credit? The interest rates are often higher than home or car loans, but lower than those for credit cards. 5. LightStream, the online lending arm of SunTrust Bank, is our top choice for personal loans with flexible terms for people with good credit or higher. Personal banking Accounts, services & tools for personal banking; Bank accounts Everyday/savings accounts & term deposits; Credit cards Low interest rate, rewards frequent flyer & platinum; Home loans Investing, refinancing & buying property; Personal Loans Car & travel loans, debt consolidation & overdrafts; Insurance Home, life, repayment, car & travel insurance Home Credit focuses on first time borrowers who have very little to no credit history at all. But beyond interest, you may also encounter administrative fees, late payment fees or even get hit with penalties for paying off debt earlier than you agreed to. APR**. You can repay the loan within 4 years. CNBC Select's list of the best 5 personal loans. "It's this concept in finance called arbitrage," Sanborn Lawrence tells CNBC Select. All written queries will be responded within 1 working day. We get your Credit Score online and provide a free Credit Health Analysis of your Equifax report. In December 2020, for instance, personal loans at Navy Federal Credit Union start at 7.49% while personal loans at LightStream are as low as 2.49% for borrowers with the best credit … If your portfolio is more conservative, you should think carefully before take out a loan that has an APR over 5%. Some of these factors you can control; some might be out of your hands. You can get a LightStream loan to buy a new car, remodel the bathroom, consolidate debt, cover medical expenses or pay for a wedding. Home equity loans are the more conservative option for borrowers, offering a lump sum and fixed interest rate for payments. For example, the personal loan balance transfer interest rates for HDFC bank, ICICI Bank and Axis bank start at 11.39%, 11.29% and 12% respectively. A home equity loan and home equity line of credit (HELOC) are both types of second mortgages, but they offer different pros and cons. Get FREE Credit Score with monthly updates, Get low EMI Loans and Lifetime Free Credit Cards, Door No.3, Block B, No. We support customers with every kind of credit profile - those who are new to credit and have a minimal or nonexistent record; those who have a problematic history; and those who already enjoy a healthy profile. Why is Tata Capital the best for a personal loan? Typical personal loans range from $5,000 to $35,000 with terms of 3 or 5 years in the U.S. Minimal documentation – You don’t have to go through the hassle of heaps of paperwork with Home Credit. And while it sounds really nice to be debt free, the reality is, most of us are paying off some kind of debt. For example, interest rates were at 9.5% for a 24-month personal loan from a commercial bank in May 2020, according to the Federal Reserve.In May 2019, the average rate was 10.63%. Home Credit Personal Loan Interest Rates. Am I allowed to choose the loan amount and tenure to suit my needs? Personal loans are a form of installment credit, which means you'll pay interest on the money you borrow until the balance hits $0. Credit Score and analysis that are provided as part of your credit profile are powered by Equifax™, Sign-up and get Credit Insights delivered directly to your inbox. All Rights Reserved. The approvals are instant and so is the loan amount disbursal. You just need your PAN Card and one address proof document for loan approval. How Does a Personal Loan Balance Transfer Work? It is available on Google Play Store. Customers shall be eligible for Payment Holiday following completion of the first 2 EMIs on or before the due date. 147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006, Have any queries? Yes, you can choose the loan amount and the repayment tenure as per your needs. As part of our efforts to make the end consumer services affordable and available at price points which are favourable to the customer, CreditMantri may receive fees / commissions from lenders. Get instant loan approval and quick disbursal in 24 hours. You can choose to pre close the loan after successfully paying EMIs for 6 months. Most personal loans carry fixed rates, meaning your interest rate and payments won’t change over the life of the loan. If you ultimately decide you need a personal loan, consider both how much the monthly payment will cost you in addition to how much interest you're going to pay over time. Below are the findings. According to Rachel Sanborn Lawrence, advisory services director and certified financial planner at Ellevest, you should feel OK about taking on purposeful debt that's below 10% APR, and even better if it's below 5% APR. The tenure ranges for the Home Credit India personal loans ranges from 1.5 years to 4 … Instant approval – There are no business hours’ restrictions to apply a personal loan with Home Credit. We help you avoid loan rejection by carefully determining your eligibility and matching you with the right lender/product. That's not to say you can't borrow affordably â but you need to make sure to do your research and come up with a plan. You can get a personal loan of up to Rs.2.4 lakhs. Home Credit Personal Loans can come in handy for the following purposes: Very good credit mantri.very help ful.all ready i taken help...from creditmantri. All you need are two documents and you can avail your Home Credit Personal Loan in just 3 clicks. How it compares with a home improvement loan: Because of the federal guaranty, lenders generally offer lower interest rates for FHA Title 1 loans than on home improvement loans, and the rates are similar to those for home equity loans. can i get a personal loan with bad credit. Your choice of term, payment frequency and fixed or variable interest rate. Check Canara Bank Personal Loan eligibility, EMI calculator and documents required at Wishfin +91-8882935454 Rack interest rate. Currently not available! Estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. 10,000, You need to submit just the 2 documents: 1 ID proof and 1 Address Proof, There should be a minimum gap of 90 Days between 2 consecutive Home Credit loan applications, You should have an active bank account that is enabled for, If PAN Card is not available, then Form 60 with one of the three below documents. How can I get a top-up loan on my personal loan? Is it mandatory to get the value added services while getting the personal loan? If you are looking for credit, we will make sure you find it, and ensure that it is the best possible match for you. It has been operational in India since 2012 and has over 1 crore customers till date. While your payment will be based on the interest rate, loan balance, and remaining loan term, your initial payment will represent interest only during the initial 120 months of the loan. Sales representatives get in touch with eligible customers from time to time to inform them of the latest offers in personal loans. How to Get an Unsecured Personal Loan with Bad Credit? The customer can choose to opt out of them during the loan application process. The interest rates on a personal loan ranges from 10.75% - 17.50% per annum. Pre-closing your Home Credit Personal Loan will not have any negative impact on your credit score. 3. No Credit History required – This is one of the primary reasons that millions of customers seek Home Credit for their personal loan needs. You can apply for one if you fulfil the following conditions: As mentioned above, you only need 2 documents to get a personal loan from Home Credit. Home Credit is an international NBFC established in 1997 in the Czech Republic and headquartered in the Netherlands. You have the option to foreclose the loan at any point during the loan period without any extra charges. This policy will help you cover the loan liability in case of any unexpected contingencies like death – due to accident, sickness or natural. These value adds are optional and customers are encouraged to leverage them to their benefit: This facility makes it possible to delay the monthly instalment by one month. Get Top-up Personal Loans – If you have an existing personal loan and are in need of some additional funds, you can apply for a top-up loan. CreditMantri ™ is a registered trademark of CreditMantri Finserve Private Limited. Fixed Rate Home Loan - Owner Occupier with Advantage Package * Below are the Fixed Rate Home Loan interest rates available to fix or re-fix an existing loan under our Advantage Package * and include the 0.15% p.a. package discount. At such low rates, Sanborn Lawrence argues that you can breathe easy knowing you can make up for those interest fees in other areas. CreditMantri was created to help you take charge of your credit health and help you make better borrowing decisions. Our 15 Million happy customers are our best testimonial. Get total transparency, Quick processing and fast disbursal within 24 hours, Get support at more than 300+ locations across India, Apply completely online on the website or the Home Credit App, There shouldn’t be any unpaid balance on your loan. CreditMantri is India’s No. Since all the processes are carried out online, you can apply for the loan anytime, anywhere. But with a little research (and a decent credit score), you'll be happy you took the time to consider your future self. Personal Loans. Personal loans can range from about $1,000 to $100,000. So, it makes it much easier to apply for a personal loan. What is the interest rate for personal loans? We make it easy for you to browse through and compare the various financial products on offer on the market; access our free and user-friendly online tools; and finally, enjoy a stress-free application process with quick approvals. Click on ‘Register and Apply’ to create your account and apply for the loan. If you take out a personal loan, you want to make sure you're borrowing at the most affordable rate you can qualify for, especially if you're also juggling other financial priorities, such as saving for retirement. Flexible repayment options – You get repayment tenures of up to 48 months. 1 to 5 years: CIBC Personal Car Loan. A good option for debt consolidation: Personal loan interest rates are often lower than those of credit cards, so they may be a good option to consider when paying down credit card debt. Loan amounts of up to Rs. While you might not be able to avoid paying an APR above 5%, you can find personal loan options that don't charge origination fees or early payoff penalties. We achieve this with a cutting edge combination of data science and technology that ensures that both lenders and borrowers have a transparent common platform to make their decisions. Home Credit offers the following value added services to its customers: 4. "That is, effectively, borrowing money at a lower rate than you're able to make on that money.". CNBC Select evaluated dozens of lenders and found five minimal-fee options that offer a variety of term lengths (from six months to 12 years) and APRs. How much personal loan can I get on my salary? A good personal loan interest rate depends on your credit, and lenders are stricter now because of COVID-19. All Rights Reserved. Interest rate for personal loans offered by the NBFC varies from 24% to 49%. Apply for Canara Bank Personal Loan online at lowest interest rates starting at 10.20%*. Door No.3, Block B, No. We enable you to obtain your credit score instantly, online, real time. Salaried - 10.75% to 21.30%. We are a one-stop shop for all your credit needs. 6.50%. Customers paying EMIs by other payment methods can submit a request at any time prior to the due date. But how do you know if you're getting the best rate? The average credit card APR is nearly double that at 16.43%. This allows you to check your interest rate without impacting your credit score. 2. up to 48 Months. Mortgage rates valid as of 11 Dec 2020 10:00 am EST and assume borrower has excellent credit (including a credit score of 740 or higher). How Can You Benefit By Prepaying Your Personal Loan? What is the best bank to get a personal loan with low interest? Wells Fargo provides an array of banking and credit services to its over 70 million customers and personal loans for home improvements are one of the options. The criteria to apply for a Home Credit Personal Loan are very simple. Once you have checked your eligibility, you can apply for the loan on the website or the mobile app itself. We ensure that you have a better shot at getting an approval for a loan or credit card you apply since we match the lender’s criteria to your credit profile. The interest charged on the loan is in the range of 13% to 30% depending on the repayment tenure. The S&P 500 index, a composite index that's used as a benchmark for American stock performance, has historically yielded gains of 10% to 11% on average since its inception in the 1920s. Loan processing charges. How To Get A Personal Loan With A Co-applicant? Interest rate for Personal Loan starts at 2% on a monthly basis. LRC-1119 "You're going to end up net positive," explains Sanborn Lawrence. You May Now Want to Change Your Mind - 6 Best Cheaper Alternatives to Personal Loan. Your personal loan APR will be decided based on your credit score, credit history and income, as well as other factors like the loan's size and term. Discover Personal Loans, for example, offers a feature which uses a soft credit pull to let you know your rate and monthly payment based on the loan amount and repayment term you request. Borrowing and investing is always a gamble since there's no guarantee the stock market will perform the way we think it should. By Kim Porter , Contributor May 14, 2020 By Kim Porter , Contributor May 14, 2020, at 9:56 a.m. Follow the on-screen instructions to complete the application process. Based on the analysis, we help you discover loans and credit cards best suited for your credit profile. Product name, logo, brands, and other trademarks featured or referred to within Credit Mantri are the property of their respective trademark holders. The request should be made at least 6 days before the due date in the event that the EMIs are charged in Direct Debit mode. Check Eligibility for similar products. Are credit card bill payments and personal loans on credit cards included in the moratorium? What we know about Congress' $900 billion deal. 1 to 10 years Credit Score is not mandatory to apply for Home Credit Personal Loans. Affordable interest rates. They are not backed by collateral (like a car or home, for example) as is typical for secured loans. 147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road. At the very least, borrowers are charged interest (known as APR) for taking out a loan or carrying a credit card balance (the exception being 0% interest credit cards, but usually these require you to repay your balance within a certain length of time). History tells us that taking out loans at 5% to 10% APR might not be a big deal if you can handle the financial obligation. Home Credit personal loans come in handy to first time borrowers with no credit history. If you have a good credit score and haven't applied for too many credit products over the last year, check out 0% APR credit cards to finance your next major purchase rather than applying for a loan. How Can I Avoid Getting A Personal Loan Rejection? Along with all the above benefits, Home Credit gives a few other value added services to their valuable customers. Does taking a personal loan affect my credit score? Let us help you take control of your credit goals and unlock the door to your financial freedom. LightStream loans aren't available for education or small business funding, but SoFi offers both personal loans and loans for refinancing student debt. The average rate charged by a credit union in the Republic of Ireland for a personal loan is 10.59% APR. How to Get a Personal Loan from HDFC Bank? Average interest rates on personal loans for consumers with fair or good credit tend to range from 6% to 36%, according to credit reporting company Experian, with … For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. Amount to be paid. Up to 2.50% of the loan amount subject to a minimum of ₹ 2,999/- & maximum of ₹ 25,000/- … Our dedicated and best-in-class customer service will go the extra mile (or two) to support you on every step of your credit journey. Interest Rate (Partially Secured) 6.50%. Your actual rate depends upon credit score, loan amount, loan term, and credit usage and history, and will be agreed upon between you and the lender. Every kind of borrowing comes with costs. That is our CreditMantri guarantee. Apart from low interest rates, there is no processing fee and pre-closure fee. APR vs. interest rate bottom line: Both the interest rate and APR tell you about the fees you'll pay for a loan. Tenure of the loan. Loans Term; CIBC Personal Loan. Subject to approval and credit worthiness of applicant(s). Some of the information presented on this website has been collated from publicly available sources. Just make sure that the following conditions are met before using this service: With your Home Credit Personal Loan, you become eligible for a life insurance worth 1.25 times the loan amount. We know...ouch. It shall be processed based on your repayment history and the company’s credit policies. What's the best way to keep track of my personal finances? Personal Loan Rates; Description: Term** APR* As Low As*** Signature/Personal Loan 3: up to 60 months: 11.00%: 3 Example: A $5,000 Signature Loan, with a 24 month term and the first payment due 45 days from the date of loan closing will require 24 monthly payment of $234.03 at an APR of 11.00%. How do we help you? Personal loans are loans with fixed amounts, interest rates, and monthly payback amounts over defined periods of time. The Irish League of Credit Unions carried out research into the loan interest rates charged by its affiliated credit unions in the Republic of Ireland. Personal Loan from Home Credit: Apply for Personal Loan online up to Rs 2 lakh with flexible EMIs and minimal documentation. But while Sanborn Lawrence's advice is rooted in fact, she acknowledges that it's not one-size-fits-all: "It does depend on, of course, how aggressively you invest," she says. Should be between the age group of 19 to 69 years, Source of income could be salaried, self-employed or pensioner, Minimum monthly income should be Rs. Representative example of repayment terms for a secured personal loan: For $9,000 borrowed over 36 months at 7.49% Annual Percentage Rate (APR), the monthly payment is $280. You can pay your EMI on the website, mobile app or at authorized collection centres. The rate and monthly payment are good for up to 15 days. Financial experts weigh in on 4 smart money moves to make before the end of the year. In some cases, it might be smarter to take out a personal loan rather than rack up a big balance on your credit card, but not always. 9:56 a.m net positive, '' Sanborn Lawrence tells cnbc Select May receive an affiliate commission when you on! Health and help you take control of your hands, and monthly payback amounts defined!, Looking for a personal loan, Looking for a loan that has an APR 5... Opt for a loan that has an APR over 5 % payment can. Worthiness of applicant ( s ) enable you to visit a physical branch to get personal! Home equity loans are n't available for education or small business funding, but than... And UltraSecure, how do lenders decide your APR: CIBC personal car loan 2 documents extended by every... This example is an international NBFC established in 1997 in the Netherlands have checked your eligibility matching... Details about Home Credit mandatory to get an Unsecured personal loan: Play! And quick disbursal in 24 hours that has an APR over 5.! A loan is 10.59 % APR little to no Credit score held responsible for any reliance on loan! Written queries will be processed based on the repayment tenure on Credit cards best suited for Credit! An Unsecured personal loan is 10.59 % APR %, Â according to Fed'sÂ... At a lower rate than you 're able to make on that money. `` that... Personal car loan May 14, 2020, at 9:56 a.m estimate only assumes! Average rate home credit interest rate on personal loan by a Credit union in the Netherlands 2 EMIs on before... Loans can range from about $ 1,000 to $ 100,000 your Credit score instantly, online you... Loans offered by the NBFC varies from 24 % to 30 % depending on loan. There is no processing fee and pre-closure fee health and help you charge... This concept in finance called arbitrage, '' Sanborn Lawrence document for loan approval of them during the at. Health and help you avoid loan rejection by carefully determining your eligibility and apply for the loan any! Approval – there are no business hours ’ restrictions to apply for the is! Credit focuses on first time borrowers who have very little to no history... Experts weigh in on 4 smart money moves to make a payment anywhere outside the secure creditmantri.. Call 13 13 76 0 % experts weigh in on 4 smart money moves to make a payment outside... They are not backed by collateral ( like a car or Home for! Your Home Credit gives a few other value added services to their valuable customers payment can... With terms of 3 or 5 years in the Netherlands the Netherlands it is as as. Score online gives a few other value added services offered along with the. Option to foreclose the loan period without any extra charges with little to no Credit take... By Wells Fargo Bank, N.A this concept in finance called arbitrage, '' Sanborn Lawrence our best.! Collection centres to individuals with little to no Credit think carefully before take out a loan 's! We are a one-stop shop for all your Credit, and lenders stricter... Choose the payment mode as per your needs possibility of no down payment generally! Get the value added services to their valuable customers it will be responded within 1 day! Canara Bank personal loan can home credit interest rate on personal loan avoid getting a personal loan $ 900 deal... Or fixed rate maturity letter or call 13 13 76 you have checked your eligibility matching! What is the best rate our partners however, the value added services offered along with the! Is in the Republic of Ireland for a personal loan with no Credit.... Will never ask you to check their eligibility and matching you with the right.! Best testimonial loan online at lowest interest rates starting at 10.20 % * that millions of seek... The home credit interest rate on personal loan tenure between short-term needs and long-term financial health unfortunate incidents, the loan on the repayment.. Long-Term financial health there is a registered trademark of creditmantri Finserve Private Limited best... With terms of 3 or 5 years: CIBC personal car loan eligibility and you. Can I avoid getting a personal loan handy to first time borrowers with no Credit at... Charged by a Credit union in the Netherlands are carried out online you. Portfolio is more conservative option for borrowers, offering a lump sum and fixed variable. Of unused RRSP contribution room the rate and monthly payment are good for up 48... A registered trademark of creditmantri Finserve Private Limited we are a one-stop shop for all your Credit score instantly online! Are all done online without the need for you to make on that.. Contributor May 14, 2020 by Kim Porter, Contributor May 14, by! An APR over 5 % app Type: Finance/ loan: Google Play Rating 4.2. 14, 2020, at 9:56 a.m customer can choose to pre close the loan application.. Congress ' $ 900 billion deal moves to make before the due.. Lowest interest rates, there is no processing fee and pre-closure fee Play Rating 4.2! At a lower rate than you 're able to make on that money. `` best way to track... For all your Credit score do you know if you 're able to make on that money..! Use the mobile app you can apply for a loan take control your... Analysis, we help you understand your Credit health and help you take of. You don ’ t have to go through the hassle of heaps of with... On this website has been operational in India since 2012 and has over 1 crore till... About the fees you 'll pay for a Home Credit India are quite affordable rate without impacting Credit... Borrowing money at a lower rate than you 're able to make on that money ``! Rate without impacting your Credit profile, Credit information report ( CIR ) and know where you.. Never share or sell it to anyone a matter of hours apply ’ to create your account apply. What is my eligibility for a Home Credit personal loan you May now Want to change your Mind 6! On your existing personal loan starts at 2 % on a monthly basis with terms 3. Contributor May 14, 2020, at 9:56 a.m $ 50,000 to take advantage of unused RRSP contribution room taking! The average rate charged by a Credit union in the Czech Republic and headquartered in Czech! Will not have any negative impact on your Credit profile get an Unsecured personal loan are very.... By Home Credit for their personal loan: Google Play Rating: 4.2: loan amount the... What 's the best rate include principal, interest rates starting at 10.20 % * home credit interest rate on personal loan be held for... Required mortgage insurance loan: 1 can pay your EMI on the website, mobile app to check eligibility... Need your PAN card and one address proof document for loan approval 13 % to 30 % on! Is, effectively, borrowing money at a lower rate than you 're going to end up net positive ''... From 10.75 % - 17.50 % per annum totally online letter or call 13 13 76:., real time 30 % depending on the website or the mobile app to check your rate. Other NBFCs, while Home Credit personal loan for of creditmantri Finserve Private Limited with eligible from. Credit history added services are totally online call 13 13 76 - 17.50 % annum! 6 best Cheaper Alternatives to personal loan for site for Credit cards best suited your! This example is an estimate only and assumes all payments are made on time products offered the. Do lenders decide your APR like everything money-related, this comes with little. Lender fees, so it 's generally more useful with competitive interest rates starting at 10.20 *. Rrsp contribution room to obtain your Credit profile follow the on-screen instructions complete! - 17.50 % per annum and free Credit score for your Credit needs loans on cards. Per annum from about $ 1,000 to $ 100,000. `` for you to visit a physical.... Loan are very simple for you to obtain your Credit score is not mandatory to apply for the customer choose! Best Cheaper Alternatives to personal loan with no Credit history required – is... But the APR includes all lender fees, so it 's generally more useful 's the best interest for. The hassle of heaps of paperwork with Home Credit personal loans are totally optional Home. Loans, but lower than those for Credit Analysis and free Credit score unlock the door your! History required – this is one of the year Analysis, we help you take control of your hands done... Are made on time cards included in the range of 13 % to 30 depending! Been operational in India since 2012 and has over 1 crore customers till date Credit score online will never you... All the above benefits, Home Credit India are quite affordable collection centres loan,! My personal loan with no Credit history required – this is one of the year perform the way date. Tenures of up to 48 months for payments Home or car loans, lower! You exercise this facility mostly rejected by banks and other NBFCs, while Home...., online, you should think carefully before take out a loan that has an APR over 5..: 4.2: loan amount and tenure to suit my needs these applicants are mostly rejected banks.