There are a lot of finance companies available in india like bajaj finserv, capital first, zoper etc, but they all have same policy, it is that if customer already has approved load on vehical, personal or homeloan will eligble to take loan by these companies, but what if customer do not taken any loan and want to purchase phone on easy emi.
Here comes a name that is homecredit, this has a big setup in all over india, and only need 3 documents to give loan only in minimum 5 minutes.
Process to apply loan:
Go on any store which gives loan by homecredit.
Choose product which want and ask the homecredit representative for process.
Give your original govt. Ids like aadhar, pancard, driving license, voter id and also a cancelled cheque for ecs.
Give all right information about youself and employer.
If you are eligible and homecredit will cross check from your friends and close family members.
Sign the documents and deposit the down payment and take your wishing product your home.
Down payment to be given:
On ACs and other home appliances you have to give at least 40% or mop,
On bikes and vehical they down payment is same.
On mobile phones you have to give at least 30% on samsung and other brands like vivo, oppo and gionee there should be 35% .
Charges and rate of interest
As simple the homecredit give loans it sometimes take higher rate of interest of 30% to 35% mean you, on approved brand by homecredit there is no rate of interest like samsung, oppo, vivo, gionee, panasonic, mircomax etc. but there is process fee on these brand that is 399 if you take loan for 6 months and 599 for 7 months.
If you want to know morr about this please log on to https://homecredit.co.in
Thank you.