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As a popular consumer lending brand in Vietnam, Home Credit is a preferred choice for many customers seeking installment loans to purchase electronics, phones, motorcycles, and more.
While Home Credit is widely known, many customers still have doubts when borrowing from them, wondering, 'What is the loan interest rate at Home Credit? Is it truly 0% per month as advertised?'
To help readers understand Home Credit loan interest rates accurately, Mytour has compiled an article: 'What are the monthly loan interest rates at Home Credit?'. The article will analyze in detail the interest rates, fees associated with loans at Home Credit, helping readers calculate income and consider choosing an installment plan suitable for their financial situation.
What are the monthly and yearly loan interest rates at Home Credit?
What are the loan interest rates at Home Credit?
1. Loan packages at Home Credit
Currently, Home Credit offers 5 main types of loan packages, catering to different consumer borrowing needs. These include:
- Electronics installment loans
- Motorcycle installment loans
- Cash installment loans
- Home Credit credit cards
- Installment loan products for education, healthcare, etc.
2. Loan interest rates at Home Credit
* Loan interest rates at Home Credit
Not only standing out with features like quick loan approval, simple procedures, extensive network, but the loan interest rates at Home Credit are also very favorable (starting from only 1.66% per month).
Depending on the loan package, customer quality, and promotional programs for borrowers at the time of application, Home Credit's loan interest rates may vary. Typically, interest rates at Home Credit range from 40% to 45% per annum, applying to both installment loans for motorcycles and electronics.
If you can demonstrate your financial capability (having savings deposits at banks, previous borrowing history, timely debt repayment), Home Credit will consider reducing the loan interest rate for you.
* Fees, interest rates for late payment at Home Credit
In addition to loan interest rates, before borrowing from Home Credit, you also need to consider fees and overdue interest rates at Home Credit.
For debts with Home Credit, you must settle the debt before the due date. In any case of violation, you will be charged penalties as follows:
Details of penalties, interest rates for late payment at Home Credit
* Fees, interest rates for early repayment at Home Credit
If you wish to partially repay the loan early, you do not have to pay an early repayment fee. However, if you want to repay the entire loan early, you must fully settle the first 4 installment payments and pay the early repayment fee as specified in the credit agreement.
For details regarding this early repayment fee, please contact the Home Credit loan hotline (02838999666) for direct assistance.
With all the information provided above, do you now have a clear understanding of the installment loan interest rates at Home Credit? To be more proactive in using installment loan products at Home Credit, Mytour advises you to carefully study the interest rates, fees to be paid, and choose the most suitable loan packages according to your financial conditions. Additionally, you can explore other bank interest rates to make informed decisions. Best of luck!
