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Flexibility to repay the loan anytime at no extra charge. Option to postpone EMI payment by a month in case of an emergency.
Unlimited online doctor consultation, full body check-ups, savings on medicines. Life cover up-to 1.25 times the loan amount
Get cover for up to ₹20,000 against online frauds. Free screen replacement.
Plans | Payment Holiday | Free Early Repayment | Life Insurance | Health Services | Online Fraud Protection | Cracked Screen Cover | Telco Pack |
Safe Pay Health | ✓ | ✓ | ✓ | ✓ | X | X | X |
Safe Pay | ✓ | ✓ | ✓ | X | X | X | X |
Safe Pay Health Lite | ✓ | ✓ | X | ✓ | X | X | X |
Safe Pay Value | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | X |
Safe Pay V! | ✓ | ✓ | X | X | X | X | ✓ |
For detailed terms & conditions please click here.
Option to postpone EMI payment by a month in case of an emergency
Flexibility to repay the loan anytime at no extra charge
Get Health Services such as unlimited doctor consultation, full body check-ups, savings on medicines & vouchers worth the price of plan. Get life cover up-to 1.25 times the loan amount to protect your family against unforeseen events.
Protect your mobile wallets & UPI account transactions against online frauds for up to ₹20,000. Free cracked screen replacement, pick up & drop facility available.
Safe Pay is a value-added service offered to Home Credit consumer durable and personal loan customers. It is a package that offers Payment Holiday, Free Early Repayment and Life Cover.
Q. What are the benefits offered under Safe Pay Service?
Safe Pay offers three services which are as follows:
Payment Holiday: Payment Holiday allows customers to postpone their EMIs by one month. It can be availed after paying the first two EMIs before the due date. Payment Holiday benefit can be availed twice in a year. You are required to pay at least two EMIs between two Payment Holiday Services.
Free Early Repayment: Early Foreclosure allows customers to foreclose their loan without any additional charges. Customers paying EMIs through direct debit mode are required to raise the foreclosure request 6 days before the next due date. Customers paying EMIs through any other method can raise foreclosure request anytime
Life Cover: This allows you to get life cover of up to 1.25 times the loan amount, to fulfil loan obligations in case of death. In case any unanticipated calamity befalls the customer, loan obligation is covered by the insurance and nominees of the borrower are entitled to the remaining Sum Assured amount.
Q. How many times can Payment Holiday Service be availed during the loan tenure?
Payment Holiday benefit can be availed twice in a year. You are required to pay at least one EMI between two Payment Holiday Services.
Q. Does the Payment Holiday Service affect the loan duration?
Yes, each time you avail of the Payment Holiday Service, the loan term is extended by one month
Q. How can I claim the Safe Pay insurance amount?
In order to claim Safe Pay Insurance benefit, your nominee can contact us at care@homecredit.co.in and we shall help him/her with the next steps. To know more click here