Home Credit Cash Loan Reviews (2024): Calculator, Requirements, and In-Depth Analysis

Are you inquisitive about Home Credit cash loan reviews, eager to explore its interest rates, or curious about how to calculate the cost of your loan? Perhaps you are seeking the latest requirements for eligibility. You’ve landed in the right place! At CashExpress PH, our mission is to provide you with an extensive review, insightful information on the interest rate calculator, and the most recent requirements, empowering you to make informed financial decisions.

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Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in April 2024 

Rank Lender Name & Application Link Loan Amount Loan Term Interest Rate Repayment ID Required Age Range Special Feature

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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 70 Receive money in 15 mins

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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only National ID required 20 – 70 Receive money in 15 mins

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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval

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₱1,000 – ₱50,000 1 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 65 Receive money in 10 mins
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₱1,000 – ₱25,000 1 – 180 days 0.1% Monthly or End of term Only ID Card required All accepted Approve Bad credit
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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval
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₱1,000 – ₱25,000 3 – 6 months 0% for 7 days Monthly or End of term Only ID Card required 21 – 70 Receive money in 4 mins
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₱500 – ₱25,000 60 – 180 days 1.2% per month Monthly or End of term Only ID Card required 18 – 65 Receive money in 5 mins
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₱1,000 – ₱20,000 7 – 30 days 0% for first loan End of term Only ID Card required 21 – 70 Receive money in 5 mins
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₱500 – ₱20,000 7 – 180 days 0% for first loan End of term Only ID Card required 22 – 65 Easy loan approval

Summary of Home Credit Cash Loan

Criteria Details
Reviews Home Credit cash loan
Loan Amount ₱3,000 – ₱150,000
Age 18 – 60 years old
Term 6 – 60 months
Interest Rate From 1.83% per month
Requirements Two legal IDs
Pros Quick loan approval
Cons Risk of debt trap
Evaluation Good
Complaints None
Legit Yes
Phone Number (+632) 8708-7087
Home Credit App [Download APK]

What is Home Credit Cash Loan?

Home Credit cash loan is a financial service offered by Home Credit, a global consumer finance company. This service allows individuals to borrow money for various purposes, such as personal expenses, emergencies, or purchases, with a simplified application process and minimal documentation requirements.

Pros and Cons of Home Credit Loan Cash App


Home Credit’s cash loan provides various benefits for first-time users:

  • Accessibility: Simplifies financing for individuals with limited credit history.
  • Quick Approval: Faster approval compared to traditional bank loans.
  • Flexible Repayment: Allows borrowers to choose their repayment schedule.
  • Unsecured Loans: Most loans are unsecured, eliminating the need for collateral.
  • Cash Withdrawals: Permits cash withdrawals with associated transaction fees.


However, there are drawbacks to consider:

  • Higher Interest Rates: Loans typically have higher interest rates than conventional bank loans.
  • Loan Limits: Home Credit may impose limits on the total loan amount.
  • Debt Trap Risk: Easy access to credit may lead to a “debt trap.”
  • Additional Fees: Potential for extra charges beyond the interest rate.

Home Credit Cash Loan Interest 2024

The interest rate for Home Credit cash loan in the Philippines in 2024 starts at 1.83% per month. The actual rate depends on your credit score, income, and other factors. To estimate your monthly installment, Home Credit provides a user-friendly loan calculator on their website.

Example of Home Credit Cash Loan Calculator

Home Credit is renowned for offering consumer-durable loans in the Philippines. Let’s take an example of a cash loan of PHP 40,000 to be repaid in 24 months with an interest rate of 34.99% p.a.:

Monthly Payment=40,000×0.0292×(1+0.0292)24(1+0.0292)24−1

The monthly payment comes out to be approximately PHP 2,280. Keep in mind that additional charges such as processing fees may apply.

Home Credit Cash Loan Maximum Amount

While a cash loan can be as much as ₱150,000, the exact amount depends on your income and credit background. Once you apply, the specific amount you qualify for will be determined.

To determine eligibility and potential loan amount, you can use the Home Credit cash loan application or visit the nearest store.

Home Credit Cash Loan Requirements

To qualify for a Home Credit cash loan in the Philippines, certain conditions must be met:

  • Filipino Citizen: You must be a Filipino native.
  • Age Range: Between 20 and 68 years old.
  • Legal IDs: Provide two legal IDs, with at least one displaying your address.
  • Bank Account: Present proof of your bank account for fund disbursement.
  • No Outstanding Debts: Ensure you don’t owe any money to Home Credit or other banks/credit companies.
  • Positive Credit Background: While not mandatory, a positive credit background can enhance your eligibility.

How to Apply for Home Credit Cash Loan?

Applying for a Home Credit cash loan is a straightforward process:

Step #1: Launch the My Home Credit App

  • Launch the app and sign in. If not installed, download it from the Google Play Store.

Step #2: Navigate to Cash Loan

  • On the homepage, select the “Cash Loan” option.

Step #3: Choose Your Loan Option

  • Select a loan amount and period that suits your needs.
  • Click “Continue” after reviewing the information.

Step #4: Enter a Loan Application

  • Fill out the Home Credit application, providing necessary details and acceptable identification.
  • Double-check all information for accuracy.
  • Hit the “Submit” button.

Step #5: Loan Approval

  • Check the application progress one to two minutes after submission.
  • If successful, the “Sign the Contract” button will appear.
  • Click the button to finalize the payday loan agreement.

Step #6: Home Credit Cash Loan Disbursement

  • After completing the agreement, Home Credit will send instructions via text on collecting your loan funds.

Home Credit Cash Loan Reviews

Sharing a personal review, using Home Credit cash loan has been a positive experience. The application process is user-friendly, providing quick access to cash, often within minutes. The flexibility in repayment options has been beneficial in managing finances effectively. Additionally, the transparency about fees and interest rates is appreciated. Knowing that Home Credit reports payment history to credit companies, contributing to credit score improvement, adds long-term value for future financial needs such as housing or other loans.

Home Credit Cash Loan Payment

Accessing cash loans through Home Credit is convenient for Filipinos. However, it’s crucial to note that failure to repay on time can impact your credit score and more. Repayment options include:

Over the Counter

  • Authorized payment partners accept payments in person.
  • Visit a designated store, enter “Biller Name” as “Home Credit,” provide necessary information, and drop the form with the teller.
  • Check the receipt for successful payment, which should reflect in the My Home Credit app within 24 hours.

Online Payment

  • Home Credit provides online payment options.
  • Visit the official website, navigate to “Pay Loans,” and select “Pay Online.”
  • Choose from the available online payment options (Maya, Shopee, CIMB, BPI Online, etc.).
  • Follow the prompts to pay your bill online.

Compare Home Credit Cash Loan App to Others

Criteria Home Credit Cash Loan App CIMB Personal Loan Pag IBIG
Interest Rate Starting at 1.83% add-on rate Starting at 1.12% per month 10.5% per annum
Loan Amount PHP 3,000 to PHP 150,000 PHP 30,000 to PHP 1,000,000 PHP 20,000 to PHP 2,000,000
Loan Term 6 – 60 months 12 – 60 months 24 – 60 months
Processing Time Within 24 hours Within 10 minutes Within 20 working days

Home Credit Cash Loan Customer Service

If your Home Credit cash loan application is rejected or you need assistance, reach out through various channels:

  • Phone Number: (02) 7753 5711 (Globe) or (02) 8424 6611 (PLDT), (+632) 8708-7087
  • Email: info@homecredit.ph
  • Address: 11th Floor, Vertis North Corporate Center Tower 1, North Ave, Quezon City, 1105 Metro Manila, Philippines

FAQs – Cash Loan for Home Credit

Explore frequently asked questions about Home Credit cash loan:

Is Home Credit Cash Loan Legit?

Yes, Home Credit cash loan is legitimate. As a licensed and regulated financial company, Home Credit Philippines offers this type of loan. Apply online or at affiliated stores by filling out the registration form for potential approval in just one minute.

Can I Loan Cash in Home Credit?

Absolutely! You can loan cash in Home Credit with a minimum amount of PHP 3,000 and a maximum amount determined by the offer. The interest rate starts at 1.83% per month, and the loan term ranges from 6 to 60 months.

Where to Claim Home Credit Cash Loan?

To claim your loan, visit a Home Credit branch or kiosk near you. Alternatively, apply online through their website or mobile app. Ensure you provide the required documents and information during the loan application process. Approval and disbursement processes may vary based on location and loan type.

How to Cancel Home Credit Cash Loan?

If you wish to cancel your cash loan, contact Home Credit’s customer service or visit their branch. Be prepared to provide reasons for cancellation, return any disbursed funds, and settle any applicable fees or interest up to that point. Review your loan agreement for specific terms and conditions related to cancellation.


Home Credit cash loans provide a convenient and flexible solution for obtaining quick cash when needed. The competitive interest rates and relatively simple requirements make it an attractive option for many individuals. However, it is crucial to carefully evaluate your needs and budget before applying for any loan.

If you are considering a Home Credit cash loan, utilize the interest rate calculator available on their website to estimate your monthly repayments. Additionally, ensure that you can comfortably afford the monthly installments before proceeding with your application. Remember, making informed financial decisions is key to a healthy and sustainable financial future.

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