Home Credit India Announces 0% Interest Loans Offer for Home Appliances

Gurugram/New Delhi, June 26, 2018: Home Credit India Finance Pvt. Ltd., one of India's fastest growing non-banking finance company, has announced an exciting offer of 0% interest loans on home appliances.

Under this offer, customers will be able to finance purchase of various home appliances with loans at attractive and flexible equated monthly installment options. Home Credit has partnered with brands like Sony, Intex and Intec to offer 0% EMI loans on LED TVs, air conditioners, washing machines, camera lenses, home theatre systems, and photo/video cameras of these brands. With a nominal processing fee and repayment period options of 6/8/10/12 and 15 months respectively, customers can apply for these home appliances loans ranging from Rs 1,000 to Rs 100,000. With a strong focus on financial inclusion, Home Credit provides loans to customers who either have credit history or decide to build it through their first loan from the company.

For home appliances of all other brands, Home Credit is offering loans at 1% rate of interest per month. Beside above mentioned products, under this offer customers can also finance purchase of refrigerators, coolers, clothes drying machines, dishwashers, LCD/flat/plasma TVs, inverters, kitchen chimneys, microwave ovens, and air fryers, freezers, vacuum cleaners, washing machines, and water purifiers/RO systems. The loan offers are running in nearly 6,000 point-of-sales (PoS) across India.

To locate a PoS in any city, customers can visit Home Credit India website (https://www.homecredit.co.in/locate-us) or you can contact us here.

Speaking on home appliances loans, Mr. Artem Popov, Chief Sales Officer, Home Credit India said, "Our financing products are aimed at enabling customers to enjoy a better lifestyle by making home appliances affordable. With easy repayment options and minimum documentation, applying for our home appliances loans is seamless, simple and hassle-free. Customers can now buy their latest and favourite brand of ACs, refrigerators and other home appliances from the nearest Home Credit store."

The demand for products such as ACs, coolers, and refrigerators increases significantly during April – June, which is traditionally the peak summer season. With the much-awaited FIFA World Cup 2018 kicking off, sales of home appliances, especially television sets, refrigerators, and ACs is also expected to rise substantially.

With household penetration of refrigerators still low in India, especially in rural areas, the opportunity for home appliance makers is huge. Driven by rising disposable incomes, growing consumer base, easy availability of credit, and government's focus on electrification in rural areas, the demand for refrigerators is expected to increase steadily.

Since its launch in India in 2012, Home Credit India has been consistently expanding operations. The company had nearly 2 million customers in 2016, driven by pan-India expansion across major markets, a range of diversified and innovative products backed by superior customer experience. In 2017 alone Home Credit added another 3.5 million customers, further consolidating its position as a leading consumer finance provider.


About Home Credit India

Home Credit India Finance Pvt. Ltd. is a leading consumer finance provider that is committed to drive credit penetration and financial inclusion by offering financial solutions that are simple, transparent and accessible to all. One of India's leading non-banking financial companies (NBFCs), Home Credit India has its operations in over 120 cities across 21 states in the country. The company has a strong network of more than 24,000 points-of-sale (PoS) from where it serves over 6 million customers. The company's employee base stands at nearly 17,000. Home Credit India has been recognized by Aon Hewitt as a Regional AON Best Employer 2017 for employer excellence. For more information, visit www.homecredit.co.in


About Home Credit Group:

Home Credit India is part of Home Credit Group, an international consumer finance provider with operations in 10 countries where there is high potential to grow. Founded in 1997, we focus on responsible lending primarily to people with little or no credit history. Our services are simple, easy and fast. We operate in highly attractive markets with significant barriers to entry. We are a leading provider of consumer finance in selected countries. It is our experience and knowledge across the different markets, which sustainably puts us ahead of our competitors. We drive and broaden financial inclusion for the unbanked population by providing a positive and safe borrowing experience – the first for many of our customers. We promote higher living standards and meet borrowers' financial needs. Our 140,100 employees have so far served over 101 million customers through a vast distribution network comprising over 400,000 points of sale, loan offices, branches and post offices. For more information, visit www.homecredit.net


For more information, contact:
Sankalp Saini
Sankalp.saini75434@homecredit.co.in