Regulated NBFCAll Eligible Borrowersunsecured

Home Credit Instant Personal Loan

होम क्रेडिट इंस्टेंट पर्सनल लोन

Home Credit personal loan up to ₹5 Lakhs accessible for first-time and new-to-credit borrowers.

Max Loan Amount

₹10,000 to ₹5,00,000 (New-to-Credit friendly)

Interest Rate

15.00% - 36.00% p.a. (risk-grade fixed)

Tenure

6 to 48 months

Processing Fee

Up to 3.50% to 5.00% of loan amount + GST

✦ What It Is: Product Architecture & Regulatory Scope

Unsecured personal loan from Home Credit India designed for first-time borrowers and emerging consumers, providing accessible credit with minimal documentation even for individuals with limited credit history.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• High interest rates starting from 15% and reaching up to 36% p.a. • High processing fees up to 5% + GST deducted upfront from disbursement. • Foreclosure penalty of 4% to 5% + GST applies.

✦ Key Benefits & Features

• New-to-credit friendly: Accessible to first-time loan applicants with thin credit files • Disbursal within 24 hours directly to bank account • Simple 2-document onboarding (PAN and address proof) • Flexible tenures from 6 to 48 months.

✦ Prepayment, Part-Payment & Foreclosure Rules

Prepayment allowed after 6 months with 4% to 5% fee + GST.

✦ Eligibility Requirements

Salaried or self-employed individuals with verifiable regular income. Min Age: 19, Max Age: 65. Min Net Monthly Income: ₹10,000. CIBIL score: 600+ or New-to-Credit.

Min Age19 Years

Max Age65 Years

Min Monthly Income₹10,000

Min CIBIL Score600+

✦ Documents Required

• Identity Proof: PAN Card • Address Proof: Aadhaar Card, Voter ID • Bank Proof: Last 3 months bank statement.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Existing Home Credit durable loan customers apply via Home Credit App with 1-click pre-approved offer.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit homecredit.co.in or download Home Credit App. Submit mobile number, PAN, and bank details.

Pathway C

Branch Walk-In Application

1. Visit any Home Credit retail partner counter or branch with PAN and bank statement.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Home Credit India Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on Home Credit Instant Personal Loan

Can first-time borrowers without CIBIL score apply?

Yes, Home Credit specializes in evaluating new-to-credit applicants using proprietary demographic scoring.

What is the minimum age to apply?

Applicants as young as 19 years old with verified income can apply.

What is the maximum loan limit?

Up to ₹5 Lakhs depending on your income profile.