Today I am reviewing Home credit India.
I bought a phone 8-9 months back and got it financed via home credit finance.The home credit person told me wrong information about my phone finance. He took a downpayment of more that 5000 rupees and divided the full amount into 10 EMI’s. He also told that I only have to pay 6 EMIs. After that my EMIs will be stopped. I agreed him and paid 6 EMIs in 6 months. But after that when I asked for the closure of loan I was told then that I had to pay complete 10 EMIs. I could not understand the procedure. I felt like I was been cheated. That was a very bad experience as mobile of price 15000/- cost me 20000/-
As compare to othe financial companies the interest rates are also very high. And the staff people fool customers and gain personal benefits. The company is worst in its kind.
I prefer capital first or bajaj finance inspite of home credit.