Guide on the Minimum & Maximum Amounts You Can Borrow Under the Home Credit Cash Loan
HOME CREDIT CASH LOAN – Here is a guide on the minimum and maximum amounts that you can borrow under this offer.
Undeniably, aside from loans offered by banks in the Philippines, several lending companies have become the turn-tos of many people for some cash assistance. One of these lending firms is Home Credit Philippines which rose to fame in just a short time.
Most people are surely aware about Home Credit. Initially, they offer loan in the form of gadgets, appliances, and other purchases. You may apply for a loan and pay only for the down payment which is usually 30% of the price of the target item and bring it home. The rest will be paid through monthly installments.
That was the only offer before but, now, you may apply for Home Credit Cash Loan. The minimum amount you can borrow under it is big enough and the maximum loanable amount could be something that best suits your personal goal.
The cash loan offer of the prominent lending firm is open for individuals who have and do not have previous accounts with them. Provided, in the case of the former, the applicant must have a good credit standing. They usually send offers to good payers.
With regards to how much you can borrow under the Home Credit Cash Loan, the firm has posted details about on its official website. Here are the minimum and maximum loanable amounts. The latter would depend on the capacity of the applicant as per the approval of the firm.
- Minimum Loanable Amount – Php 10,000.00
- Maximum Loanable Amount – Php 50,000.00
Usually, the processing for the loan offer takes only half an hour. You just have to prepare two(2) valid identification cards (IDs) with at least one(1) of them issued by the government and one bearing your address.
With regards to the money, Home Credit will send to the borrower based on his or her preferred mode – through a bank account or a remittance center.
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