Loan Extra Care

Partial Early Repayment is one of the services of Loan Extra Care that allows you to pay more than the fixed monthly dues and thereby shorten the loan period. The minimum amount of the early repayment is at least a total of two (2) monthly installments, aside from your current dues. For example, if your monthly installment is ₱2,000, your minimum early repayment amount is ₱4,000.

Important reminders:

You won’t be able to avail the Gift Payment promo once you use the Partial Early Repayment benefit.You should settle any overdue payment or penalty before activation of request. If amount paid is less than the recomputed amount, then it will only be considered as an advance payment. If payment is made after the given due date, then it will only be considered as an advance payment.

Full Early Repayment allows you to pay your remaining balance in full. You only need to settle the remaining financed amount in full, which includes the Home Credit Protect fee and your current month installment’s interest fee. Upcoming interest charges from your original loan term will be waived.

Important reminders:

1. You won’t be able to avail the Gift Payment promo once you use the Full Early Repayment benefit.
2. You should settle any overdue payment or penalty before activation of request.
3. If amount paid is less than the recomputed amount, then it will only be considered as an advance payment.
4. If payment is made after the given due date, then it will only be considered as an advance payment and the loan account will not be closed.
5. You can avail the Full or Partial Early Repayment through any Home Credit payment channel.

Here is a sample computation if you avail a cash loan for 24 months, and requested for Full Early Payment with nine (9) remaining months to pay 

With this benefit, you can postpone your scheduled due date by 1 month, so you have additional time to pay your monthly installment. You can avail this when you:

• have fully paid at least two (2) monthly installments
• have no late payments
• have at least three (3) remaining installments

For the Payment Holiday, you can apply twice every 12 months during the entire duration of the loan. The first activation is allowed after you repay at least two (2) monthly installments. While the second activation is allowed after you pay at least three (3) monthly installments from the date of the last activation.

Here is a sample illustration of the payment schedule after applying for the first and second activation of the Payment Holiday benefit.

Loan Term: 9 months and availed 2 Payment Holiday Service 

Loan Extra Care allows you to change your loan's due date when needed. For example, when you face:

1. Change of salary dates
2. Schedule of remittance
3. Need for better monthly budget management
4. Any other reason that may affect your timely payment

You can apply for a change of due date twice every 12 months during the entire duration of your loan. The first activation will only be allowed once you repay at least the first installment.

For the second due date change, you must pay at least three (3) monthly installments from the time you last used this service.

You can check the illustration below on how you can activate your new due dates:

Important note:

The new due date should not be more than 30 days from the original due date and must fall into the interval between 1st and 28th of the month.

You can request activation through our Home Credit Customer Service landline or email.

Home Credit Customer Service Landline: (02) 7753 5711 / (02) 8424 6111
Email: info@homecredit.ph

1. Provide your personal and loan information:
   • Loan Account Number
   • Full Name
   • Date of Birth
   • Last 4 digits of your Mobile Number
   • Email Address
2. The Home Credit Customer Service Representative will verify if the request is valid for any of the Loan Extra Care services.

Ready to pick the best Loan Extra Care service for you? A Home Credit Customer Service representative will assist you with how to activate your preferred service.

Important notice:

You can only avail 1 Loan Extra Care service at a time.