Michael Puttman's Small-Dollar Loan Forums

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If you need appliances, gadgets and more but lacking some funds this loan can be your best choice to avail. Home Credit is a Global Consumers Finance expert, they have branches all over the world. They offer safe and fast lending transaction with a very simple requirements and Flexible contructs. If I am not mistaken they also offer a cash loan! This is Legit and the interest is small compared to others. Sometimes, some branches do offers zero interest as well!
Home Credit is expanding its operations rapidly in my country. They now have tie ups with appliance stores and gadget stores. They require less documents than credit card companies and it is available to people with zero or short credit history. They grant credit to employed or self-employed people and to those who are unemployed but are receiving remittances on a regular basis. They also have arrangements with some mall stores or gadget stores for 0% interest. While they do require downpayment, the amount may be set by the borrower.
Wow, this sounds too good to be true! Something tells me this company doesn't originate from the US. It's surprising they even lend money to people with zero credit history. Not many financial institutions do that.

OK, I just visited their web site, their head office is in the Netherlands, but they have opened a branch in America, as well. And, yes - they offer cash loans too, provided you have repayed your POS(point-of-slae)/gadget loan on time.

This company is great! A cash loan with no credit history and a low interest rate!!!
I not a fan of home credit. Some of the information stated here is not true. They have high interest rate. And aside from the interest rate, they also requires you to pay a downpayment for you to get the appliances you want. For example, the item is amounting 10,000. You need to pay 2,000 downpayment, and the 10,000 plus interest will be charged to you monthly. Depending on the terms that you will get. The longer you pay, the higher the interest rate.
(01-07-2018, 08:43 AM)JB Fernandez Wrote: [ -> ]I not a fan of home credit. Some of the information stated here is not true. They have high interest rate. And aside from the interest rate, they also requires you to pay a downpayment for you to get the appliances you want. For example, the item is amounting 10,000. You need to pay 2,000 downpayment, and the 10,000 plus interest will be charged to you monthly. Depending on the terms that you will get. The longer you pay, the higher the interest rate.

 What do you mean "some of the information here is not true"? We were discussing a particular company called "Home credit". They do sometimes offer credit with zero interest rate, depending on the location and branch. Have you dealt with this company and are you speaking from experience or were you referring to home credits in general, regardless of the institution that provides them?
I had heard of home credit, but I didn't know what they were all about. They sound like they might be similar to something like Fingerhut which allows you to get items for the home but generally they don't have very good rates and are kind of a rip off as far as I am concerned.
Yeah, I've heard of this. I even tried it, just for the sake of trying. They're background check is de trop though and I didn't like the one who assisted me. It kinda looks like he was looking down on me for availing their service, which is one of the reasons why I don't like human interaction. But yeah, aside from the shitty service, I guess it's very helpful for those who doesn't have cards.
I tried Home Credit and Aeon Credit Services. It's not really zero interest. When you compute the cost of actual price of appliances versus your monthly rate, you will find out that you will need to pay higher than the SRP or that certain appliances or gadget. They just give us a leverage to get that appliances for a price that we can afford for mothly basis.
They now have tie ups with appliances stores. They require less records than Visa organizations and it is accessible to individuals with zero or short financial record. They concede credit to utilized or independently employed individuals and to the individuals who are jobless yet are getting settlements all the time. But they do require down payment.
I've seen one out side the appliance store the other day. A few people were inquiring about it. I guess this is an option for people who not approve to get credit cards. Sad to know that they offer high interest.
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