Guide on How Much You Must Prepare for Home Credit Loan Downpayment
HOME CREDIT LOAN DOWNPAYMENT – Here is a guide on how much you must prepare for the cash-out under the Home Credit Philippines’ product loan.
One of the lending companies that rapidly rose to popularity in the Philippines is Home Credit. Many are surely aware of its offers to the public – assistance from making ends meet to reaching personal goals.
Home Credit has deployed several agents in almost all malls in the country. That is undeniably one of the factors that contributed a lot to its prominence aside from its excellent offers. These people are on the job to help clients in applying for loans.
With regards to the loan offers, the very first Home Credit loan offered is for the purchase of a product. It may be a gadget, an appliance, or a furniture. You can apply for the loan, pay for the downpayment, and bring home the product.
Based on the official website of the lending firm, the Home Credit Loan Downpayment depends on the price of the product you want to have. But the firm has posted a limit and as well as the origination fee under the promo it offers to the public now.
Home Credit Loan Downpayment
- Downpayment – at least 20% of the price of the product
- Origination Fee – 3% of the financed amount
In applying for a loan, there are eligibility and documentary requirements (two valid IDs) set by Home Credit. To be eligible, you must be:
- a Filipino citizen
- at least 18 years of age but not more than 68 years old
- having a stable source of income
Do you want a guide on how to apply for the product loan offer? You may visit – HOME CREDIT LOAN – How To Apply For Loan To Buy Gadget / Appliance.
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READ ALSO: HOME CREDIT CASH LOAN – How To Apply For Cash Loan To Home Credit Philippines