Updated 08/22/2019
Lending allows you to solve current financial problems, while in recent years the position of banks towards borrowers has become much more loyal, which allows you to take out consumer loans quickly and without unnecessary problems. When deciding how to apply for a loan and how to get money as conveniently as possible, many potential borrowers are increasingly choosing the option of working online, without visiting the offices of banking organizations. Home Credit Bank is a reliable and time-tested company, where you can apply for a loan quickly and with a minimum package of documents. Let's look at how to get a loan from Home Credit Bank, what documents are needed for this, and what the personal offer for regular customers affects.
How to get loans from Home Credit Bank for those who are already clients of this organization? The first thing you need to do for cash at Home Credit is to check if you have a personal offer from the company. You can check its availability or verify its absence using the “My Credit” service or using Internet banking.
If there is such an offer from HomeCredit Bank, you can receive it without visiting the office (by submitting an online application via the Internet)!
To do this, you must agree to the service in your personal account, after which a bank employee will call the specified phone number to clarify the details. To receive a cash loan, you will need your passport details, but the registration will take place remotely, using your personal account. You can get a loan using an instant transfer to a Home Credit bank debit card, bank debit or current account of another financial institution.
For new clients
A loan from Home Credit Bank can also be obtained by those people who were not previously its clients. In this case, the loan can also be approved via the Internet at the first stage, however, it will be possible to receive a cash loan only after visiting the office with the necessary package of papers. In addition, Home Credit Bank can issue a loan the old fashioned way: at the time the client directly contacts the company’s office with the necessary package of papers.
To submit an initial application for a consumer loan, you must fill out a small electronic form in which the person taking the loan must indicate personal data, passport data, information about work and the parameters of the proposed loan. After submitting the application, a preliminary decision will be made on it, after which a representative of the financial institution will contact the potential client.
Conditions for lending money
A cash loan from Home Credit Bank can be issued on the basis of several loan programs, which will differ in the proposed interest rates, documents required to obtain and maximum limits.
If we talk about the maximum and minimum possible parameters, then existing clients can receive a loan from 10,000 to 1,000,000 rubles (1 million rubles), while the most favorable rate will be only 7.9%(current information as of August 2019). Having taken the money, it must be returned within a period of one to 5 years. As for new clients, amounts from 30,000 to 500,000 rubles are available to them, and the rate will be slightly higher (the highest is 24.8%. For clients with a bad credit history, a small salary, existing loans, etc.). Since the maximum amount is lower than for regular customers, the repayment period is slightly different, ranging from one to five years.
What is important is that the service of early loan repayment, both full and partial, is available for all categories of borrowers. This allows you to count on the initial connection of the most comfortable monthly payment, which will make it possible to always pay your debt without delay. At the same time, if there are available funds, the borrower will be able to repay part of the principal debt or pay the bank in full without any penalties or restrictions.
Required documents
This question can also be answered differently for new and returning customers. The latter, in order to receive money under the offer, will need a passport and SNILS; pensioners must additionally prepare a personal pension certificate.
You can get a cash loan WITHOUT income certificates! At the moment, Home Credit Bank offers one of the most advantageous offers on the consumer lending market and operates in all major cities of Russia.
To receive the minimum amount, new clients will also need a passport and one of the required documents to choose from, which may include the same SNILS, as well as an international passport, driver’s or pension license. To obtain a loan for larger amounts, new clients and existing borrowers who do not have an offer from the bank will have to additionally provide documents confirming solvency - this package is discussed individually.
Requirements for the borrower
It is worth saying that, in comparison with other banks, Home is quite loyal to potential borrowers, without making too strict demands on them. Thus, a citizen of the Russian Federation who has a residence permit in any of the regions where the bank has representative offices or at least lives in the locality where he receives a loan can count on receiving financial assistance. Age also matters: only persons aged 22 to 70 years.
Another mandatory requirement is to have a permanent source of income. In most cases, it will not be necessary to officially confirm it, however, clients with a stable income and, moreover, officially employed people have a much better chance of having their application approved.
The main thing is not to try to deceive the bank regarding your financial situation. Despite the fact that employment certificates are not required here, it is easy to check the availability of income - you just need to check the data with the Pension Fund of Russia database, which will be available to the credit institution thanks to the consent to the processing of personal data and the provided SNILS number.
Flexible and loyal attitude towards borrowers are the main advantages of Home Credit Bank. The process of borrowing money is also attractive, as it is simplified as much as possible for existing clients: having a personal offer allows you to get a loan without leaving your home.
A cash loan from Home Credit Bank is a great opportunity to get personal funds over which the bank does not control. Home Credit Bank offers favorable lending conditions not only to regular but also to new clients. We will tell you what requirements the borrower must meet and what actions must be taken to get a cash loan in just 1 day!
Individuals who meet 5 basic requirements are entitled to apply for a loan from Home Credit Bank in cash:
- Russian Federation citizenship. Only Russians can apply for a loan. There are no programs for foreigners and stateless persons.
- Permanent registration. In the constituent entity of Russia in which the branch of the credit institution is located.
- Age. From 22 to 70 years. There are no special programs with preferential conditions for pensioners.
- Official employment. The work experience at the last place of work must be more than 3 months.
- Excellent credit history (CI). No delays, unpaid loans or litigation.
Do you meet these criteria? Then you can proceed further - choose a loan program that provides payment in cash, and prepare documents to receive it.
Interest rate and conditions
Home Credit Bank offers favorable conditions for issuing cash loans for all categories of borrowers. You can ask questions related to determining the interest rate and other conditions through technical support online using the official website or by personally contacting a branch of a credit institution.
For new clients
If you do not have a valid Home Credit salary card, you are not included in the category of corporate clients of the bank and do not have a good credit history (CI) with Home Credit Bank, then you will be offered the following lending conditions:
Standard conditions do not depend on the borrower’s age, income level, ownership of real estate and other factors. They are determined by the Home Credit Bank program and are not subject to change.
For regular customers
For those who have previously taken out a consumer or cash loan from Home Credit Bank and repaid it on time without delays, more favorable conditions are offered:
Note! Holders of Home Credit Bank salary cards and corporate clients can apply for an interest rate of 12.5% and other loyal parameters.
Receipt procedure
The ease and speed of obtaining a cash loan is the difference between Home Credit Bank and many commercial credit organizations. How to get a loan? Take 5 simple steps to obtain and repay a loan from Home Credit Bank.
Step No. 1 – filling out the application form
Home Credit Bank offers borrowers 2 methods - online through the official website or Internet banking, or by visiting a branch of a credit institution in person.
Information to be specified:
- full name,
- Date of Birth,
- passport details (as indicated in your passport),
- phone number.
Note! An SMS message with a verification code will be sent to the entered number. Its indication is necessary in the future to receive a loan.
Provide only reliable information - the bank’s decision to issue an instant cash loan depends on this. Additionally, when filling out an application in electronic (click the button) or written (check the box) form, the individual consents to the processing of personal data.
Step No. 2 – collection and provision of documents
One of the advantages of obtaining a cash loan from Home Credit Bank is a minimum of documents. You need a Russian passport and SNILS (optional). Borrowers who have reached retirement age and do not continue to work must additionally present a pension certificate (or a certificate confirming the establishment of a pension).
Step #3 – making a decision
After submitting a preliminary application for consideration and submitting a set of documents, you must wait for the bank’s decision.
It will depend on the following factors:
- solvency,
- age,
- compliance of the borrower with the bank's requirements, etc.
It takes no more than 2 hours to review an application for each loan program. The decision is sent to the borrower at the specified phone number or reported to the bank branch.
Step No. 4 – receiving money
If your application for a cash loan is approved, a contact center specialist will contact you shortly (from 15 to 40 minutes after receiving the decision). The manager will clarify some personal data and may ask several questions related to the borrower’s solvency.
The money is transferred to the borrower’s account on the day the application is submitted and approved! You can withdraw them in full or in part in cash at any Home Credit Bank branch. Information about your account status is always available in your credit account; in addition, you can view your balance in Internet banking.
Step No. 5 – repaying the loan
For the convenience of borrowers, Home Credit Bank offers various debt repayment options. Among the most common are depositing cash through a cash register at any Home Credit branch, through the “My Credit” service or online banking.
You can pay a loan with a fee using a credit or debit card issued by a third-party bank, or through the cash desks of other banks. Payments are accepted by FSUE Russian Post. Additionally, the client can use electronic payment systems (QIWI wallet, etc.).
Features of obtaining a cash loan at Home Credit Bank
The Russian bank Home Credit offers a quick cash loan, and no collateral or guarantors are required. There is no fee for issuing a loan or servicing the account to which funds are transferred.
Cash loan from Home Credit Bank: review of programs and conditions
Home Credit Bank is the largest financial institution operating in Russia and offering a wide range of banking products: various debit and credit cards, deposit accounts and loans to cover the various needs of the population. Among other things, Home Credit Bank offers cash loans.
How can you get a cash loan from Home Credit Bank: 2 ways
- Personally visit a financial institution and talk with its managers about conditions and requirements.
- Complete the application online by filling out a special form on the official Home Credit Bank website.
The first option is preferable for borrowers who, after studying the terms of the loan product on the website, still have questions or doubts. Communication with a specialist will help you sort out all the unclear points and make a final decision.
Important: up-to-date information on the location of all Home Credit Bank branches and their work schedules can be found on the official platform of the institution.
The online method is more convenient as it does not require much time from you.
Applying for an online loan at Home Bank Credit
The algorithm of actions when applying online will be as follows:
- Fill out the form. Enter only reliable information. Please pay close attention to your contact information. They are needed so that employees of the financial institution can contact you as soon as possible.
- You communicate with a specialist who will soon contact you at the phone number specified in the application form. You will be informed of the solution.
- If the answer is yes, once again study all the pros and cons of the selected loan product and clarify the details.
- Collect all the necessary documents and go to the Home Credit Bank office.
- You sign a contract and start using the borrowed money.
Getting a loan from Home Credit Bank is quick. Please note that the percentage of approved applications is relatively low.
Basic conditions
Lending from Home Credit Bank when taking out a cash loan is carried out on the following conditions:
- credit limit – 999,000.00 rubles;
- minimum loan amount – 10,000.00 rubles;
- minimum term – 1 year, maximum – 7 years;
- currency – Russian ruble;
- insurance is issued at the request of the client.
All of the above conditions are relevant for citizens who, at the time of submitting the application, are already clients of Home Credit Bank. If this is your first time contacting a financial institution, there will be several differences in terms and conditions:
- minimum loan amount - 30,000.00 rubles;
- maximum loan amount - 500,000.00 rubles;
- The maximum loan term is 5 years.
As you can see, the conditions for newcomers and those who have managed to prove themselves are slightly different.
Advantages
The described loan product has a number of advantages that set it apart from similar offers from other banks. This:
- speed of decision making;
- low requirements for borrowers;
- reasonable interest rates;
- loyal attitude towards clients;
- high degree of trust in borrowers;
- possibility of refinancing and early repayment.
Any loan is a burden. Home Credit Bank does everything to make it easy for its clients and bring benefits to both parties.
Loan rates in rubles
As noted above, the loan is issued in national currency. Home Credit Bank offers it on favorable terms, with an interest rate starting from 14.9%.
Loan interest rates for bank clients
Among the advantages is a loyal attitude towards regular customers, the interest rate for them is only 12.5%. It is 2% lower than for citizens who first applied to a financial institution.
Get a loan from Home Bank without collateral or guarantors
A review of conditions and advantages will be incomplete without mentioning two more important preferences of the bank for everyone who decides to take a cash loan from it. This:
- no collateral is required;
- no guarantor is needed;
This is a very bold and attractive offer from Home Credit Bank, which opens access to credit products to citizens who are not inclined to bother themselves with looking for guarantors and pledging family valuables.
Calculation of the payment schedule for the “Cash” loan
On the Home Credit Bank website, anyone can independently calculate a debt repayment scheme. To do this, on the page dedicated to the cash loan, click on the “loan calculator”. Next you configure:
- loan term (number of months);
- desired amount (in rubles);
- monthly payment.
As a result, the amount of overpayment for the entire period will be shown at the bottom of the screen.
When concluding a contract, managers of a financial institution draw up a repayment schedule that takes into account the wishes of the borrower. Among other things, he can choose payment dates convenient for himself.
Early repayment
Home Credit Bank allows early loan repayment. If you come to this decision, follow the following algorithm:
- go to the financial institution or contact its employees by phone in order to find out how much you need to return;
- notify the bank of the decision;
- transfer the money, taking into account that it will take a certain time to close the loan.
Approximately the same scheme should be followed if you intend to repay only part of the debt.
Documentation
Any type of bank loan is provided upon presentation of a package of documents requested by the financial institution. In this case you will need:
- passport;
- additional document, one from the list:
- Pensioner's ID.
- SNILS.
- Driver's license.
- military ID for males;
- a certificate of monthly income received is usually provided from the place of employment.
Insurance
Unlike most cases of lending, when taking out the described loan, the client chooses whether to insure or not to insure. Nobody obliges him to spend additional money on insurance.
Requirements for the borrower
Make sure you meet the bank's criteria before applying. This:
- minimum age 22 years;
- maximum age – 64 years;
- regular profit generation;
- Russian citizenship;
- availability of permanent telephone connection.
If you meet the above requirements, you are likely to receive a quick cash loan.
Timeframe for making a decision
What makes Home Credit Bank stand out from its competitors is its quick processing of applications. When issuing small and medium amounts, it takes about 90 minutes to make a decision. When it comes to large loans, applications are processed from 2 to 3 days.
Methods of payment and receipt of funds
Since we are talking about an annuity loan, parts of the debt will need to be repaid every 30 days in equal amounts according to the schedule. There are several ways to deposit funds.
In the article:
Life situations sometimes do not allow borrowers to fulfill their obligations to the bank. Loss of a job, loss of ability to work, decline in health and other difficulties can significantly undermine the client’s authority before the bank if he does not make required payments. The Bank treats these developments with understanding. Therefore, among its programs there is a Home Credit debt amnesty.
Loan debt amnesty - what is it?
You should not have any illusions or dream that after submitting a certificate to the bank, the borrower will be finally and unconditionally released from all obligations under the loan agreement. There is always an intermediate option - and in each specific case the bank considers the borrower’s situation individually.
The Loan Debt Amnesty campaign started in 2014. It works in such a way that the bank offers the borrower a one-time repayment of 20% of the total debt. After this, the bank does not demand that the debt be returned to it.
Time will tell whether the promotion will be valid in 2018. As a rule, the bank, based on specified criteria (the details of this list are unknown), selects a number of debtors and makes them this unique offer. Therefore, if you have an overdue loan, do not ignore the bank’s calls, maybe it wants you to take part in the Debt Amnesty 2018 campaign.
To be fair, it should be noted that not all banks practice complete write-off of borrowers’ debts and for most of them such an action is not acceptable. Many of them offer clients who find themselves in difficult financial situations debt installment plans, revision of the current terms of the loan agreement, or credit holidays.
Conditions of the credit amnesty
It would seem that this is the solution to the problem. But not everything is as rosy as the debtor would like. Negative consequences still arise for the borrower who was affected by the Home Credit Debt Amnesty campaign. Reviews about this procedure are easy to find on the Internet.
It is worth remembering that debt does not disappear. Yes, the borrower is no longer required to repay it. But formally, the debt continues to be registered with the client. In simpler terms, it is written off to the bank’s archives.
The operating principle of the amnesty action is as follows:
- The borrower is asked to repay at least 20% of the outstanding debt;
- Such an offer can come from both the bank and the borrower;
- It can only be used if the overdue debt is more than twelve months old.
The borrower will not be given any documents confirming the absence of debt, the closure of the loan, or the absence of financial claims from the bank. This means that in all programs that will be available to employees of financial institutions (not just Home Credit Bank), this borrower will be owed a debt of 80% of the remaining debt.
A client who decides to participate in the debt amnesty campaign from Home Credit will not be able to obtain a loan. Moreover, we are talking about absolutely any form of it, from a credit card to a mortgage loan. No financial institution will take on the risk or responsibility of issuing a sum of money to a person who has committed such a delay.
Conclusion
Banking processes in Russia are such that complete updating of information in the credit history bureau occurs no more than once every ten years. This means that from the moment the amnesty agreement is concluded, at least one decade must pass before the client is given the opportunity to receive a loan from a bank. However, the debt amnesty campaign at Home Credit Bank finds its participants, which is confirmed by reviews on the Internet. This will happen in 2018 if the bank makes such an offer to its borrowers. Among them are those borrowers who cannot take advantage of the bankruptcy law, and certainly cannot continue to pay the loan, even under the terms of restructuring (many banks offer this scheme today).
Statistics show that every year banks write off significant amounts from their debtors. However, household loan debts are still at a high level.
