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Top Tips to get approved with Home Credit




Home Credit has been quite a help in making one’s appliance and gadget purchases more affordable with monthly installments without the need for a credit card, but one can also attest the stringent process it takes to get approved despite the seemingly easy requirements. We provide some tips on how to get more chances of approval.

It’s a known fact that Home Credit is gaining popularity for a mass-market approach in helping people purchase their devices in more affordable ways. In fact, we have already featured several instances where they were partnering with smartphone brands in offering 0% interest installments. These tips are collated from several users off Facebook groups who ask about this process, as well from my own experience in conversing with Home Credit Sales Agents across stores in the metro when I tried to purchase phones myself.

You should not have overdue loans/payments elsewhere

As with other companies that offer loans, we highly recommend keeping your other loan accounts updated and in good standing condition. Home Credit also uses information stored at the SEC’s Credit Information Corporation. This enables Home Credit to weed out delinquent applicants and ensure that you have the capability to purchase a new appliance or gadget. Thus, it is with our utmost recommendation that you disclose with them any outstanding loans you have to prevent declines.

Pay for a higher cashout

Home Credit has always advised its customers to “pay the highest down payment you can provide,” and it does bear truth. A higher initial cashout does get you more chances of approval, not to mention the lighter monthly installments as you’ve already paid for most of the device’s cost upfront.

Present more requirements

Home Credit applicants may be required just two IDs to process the loan application, but you need to consider that they’re asking for two primary ones. In most cases, one primary ID is okay as long as it is supported by secondary requirements, which is stated in their website:

Home Credit Application
Primary ID -SSS
-UMID
-Driver’s License
-Valid Passport
-PRC
-Voter’s ID
Secondary ID -Bank account statement
-Brgy. Certificate/Clearance
-Certificate of Employment
-Credit/Saving Card
-Company ID
-Electric bill
-Mobile phone bill
-Water bill
-PAGIBIG/HDMF ID
-PhilHealth Card
-Phone bill
-Postal ID
-Remittance Slip
-Salary Slip
-TIN ID
-NBI Clearance

Declare your assets

Some people we’ve talked to these past few days also mentioned that declaring assets could help in getting you approved for a gadget loan. One told us that he declared he has a car, to which he was automatically approved without all the phone calls.

Pay your bills earlier, not on time

You may be wondering why we placed this, but if you plan to apply for a Home Credit loan again after your existing contract, you may want to pay your bills earlier than the due date to keep your good standing and have a hassle-free reapplication. There were several instances of people not being able to get a Home Credit installment loan again primarily because they have failed to pay their dues on time.

One case could be that third-party payment channels post the payments later than when you have paid, so keep in mind to pay early to avoid such hassle.

There we have it, folks. We hope these tips help you get approved with Home Credit in no time. Do help and share your own experiences and tips on the comments section below.



Get in touch with Carl at @lamielcarl on Twitter or visit his website for more updates!

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54 Responses

  1. Eli says:

    I hope you can also post same article for Postpaid Application on both telcos.

  2. Gelna Genosolango says:

    Hi. I currently have a ongoing loan at home credit. But, I want to check in advance if do you have go pro camera na pwede utanginn through home credit

    • Ez Real says:

      Hi, may I ask po how was the experience with home credit? Sabi ng iba ang harrass nila. How was it po?

  3. Kb says:

    Can I still apply for another loan even if I still have an existing loan in Home Credit?

  4. charlotte says:

    any feedback about home.credit cash loan malaki poba ang int?

    • Carl Lamiel says:

      Some brands offer 0% interest at specific monthly terms across all dealers with Home Credit.. Some retailers (MemoXpress, Automatic Centre) offer a lot of their products with Home Credit 0% interest installment all year round. If you do a bigger cashout (say, 50%), you’d get less interest since you’d have a lesser balance to pay.

    • Chivoy says:

      yup medyo malaki yung interest sa cash loan 4%

    • franco says:

      yes po mas malaki pa sa inutang mo ang magiging interest mo in 3 years .kaya kung ako sayo maam wag na .

    • Xeno says:

      Diminising po ang interest ng homecredit so meaning if the shorter the term the lower the interest

  5. anonymous says:

    its bogus and probably a scam dont waste your time

  6. Kiara says:

    Paano po kung hindi mo tlga mabayaran home credit mo meron pa interest per month hindi mo mabayaran 200 ang tubo.

  7. Andrea says:

    You should also include that you’re only allowed to apply for the loan if you’re born in the Philippines. Doesn’t matter if you have legal documents proving that you’re a Filipino citizen

  8. Lou says:

    Hi! I’m planning get apple watch series3 sana sa home credit kaso hindi ko alam paano and saan pwede mag avail. Also same lang ba ang computation ng agent sa computation sa website ng homecredit?

  9. Hazel says:

    Hi. Ask ko lang po kung pwede agad mag apply ulit after ko matapos current loan ko? Thanks

    • Troy says:

      yes. mas madali ang second application mo kasi may record ka na sa home credit

    • jerwyn says:

      yes pede naman agad.. but you will do the same process.. it doesn’t mean na purkit nakatapos ka sa last loan mo e madali ka na nang makakapagloan ulit.. you will do the same process katulad ng una mong ginawa.

  10. Bernard Bayan says:

    pwde ba magpadala dto sa abroad sa homecredit..plsss respond

  11. mark mendoza says:

    i already applied but i got declined by home credit.. i already give 2 government ID`s and 1 company id.. pls help me.. i got dissappointed

  12. Merlin Dinoy says:

    hello..gud afternoon..tanong ko lang po sana if pwede ba makakuha ulit ng unit pag binayaran na ng full yung loans na advance sa due date yung bayad na lahat?thanks

  13. johnpaul rojales says:

    Earlier I tried to apply in home credit

  14. gee says:

    hi. pwede po bu ung alumni id gawing primary id?

  15. Selle says:

    Hi, tapos na po ung 9 months Cp loan ko, then 7th months plng nag offer na sakin ng 85k then I only grab 10k, and now tapos na yung Gadgets loan ko, may existing cash loan pa ko. Could I probably received another Cash loan? If I also do pay the Full Early Repayment? Thanks

  16. Michael Biado says:

    Hi mam/sir
    Good ask ko lang sana kung maipagpapatuloy kupa yung na udlot kung payment kasi nawalà po yung mga papilis na reference ko sana sa payments ko, maraming salamat po

  17. Hello.,, aq mung nakaraang araw nag apply aq sa vivo ng installment pinag antay aq ng mahigit 1oras Pero ang ending D na approved yung loan qng cp..,Dati na kaming nangutang ng hulugan sa vivo ng phone dalawang beses na sa Manila 3months ang hulog inaproved nman..,Pero dito sa antique 9months na hulugan q D inaproved anung klaseng vivo installment yan..,

  18. Luke says:

    matatapos na loan payments ko sa cp ko and nag offer sila saken ng cash loan, up to 26K. approved sana ako nung pumunta ako sa memoexpress tapos kukunin ko na lang sa metrobank yung pera after 3 business days, kaso nga lang nung nagcompute na si kuya, P1,968 babayaran ko every month for 24 months so papatak sa P47,232 yung total na babayaran kong total for 2 years. nanlumo ako when i did the math kaya di ako pumirma kasi di ko naman sobrang kailangan ng pera that time. halos doble yung tubo nila sa 26K na uutangin ko, ang lakas makaloko haha.

    • Joey says:

      Ndi nmn naka lock in un maam/sir.. Kaya anytime pwede ka mag full payment o nasasayu. Basta una itatawag mo sa customer service nila.

  19. Shirley says:

    Hi, I would like to share my home credit experience since 2017. Nung una, I had this cellphone loan then natapos ko siya, after 2 months of fully paying it nag cellphone loan ulit ako then approved naman. The third time na kukuha ulit ako ng phone, biglang na denied ako. I had never had any delays paying the second phone loan. I admit I had one late payment in my first loan. Pero nakakapagtaka lang po kasi na approve ako nung second time eh. Then with my 3rd loan sana, the phone I was about to get costed around 27k, tapos ang down payment ko pa naman sana ay 18k but I got denied. I want to ask po sana kung bakit ako na deny? I was pretty hopeful I would get the phone without any hassle since I was their avid customer. ( And also I’m planning to try one more time soon but I feel discouraged after the rejection. Another question I wanna ask po if I can still apply after being rejected?
    Your answers are very helpful. Thank you po ^^

    • Verneth says:

      Why im not able to apply to a new gadget but im already done with my 1st loan? I know some payments being late but I make sure i completed my loan… Do I need to be penalized for some delays which really happens specially if emergency?

  20. Flory Ann Joy Molina says:

    i already applied but i got declined by home credit.. i already give 2 government ID`s.. i got dissappointed

  21. Toto says:

    Currently sa situation ko.. Kumuha ako ng phone punta ako abroad tas nag papadala ako sa kpatid ko.. Hindi pla binayaran ng kapatid ko ang account kya nag lobo na sa 10k.. Na dapat 6k lang ano kya maganda gawin.. Halos ma doble na bayaran ko… Kalimutan ko nlang ang home credit.. Pwede ba yun? Or kung. Balik ko nlang yung gadget bili nlang bago kasi ang bayaran ko di na worthit price ng items doble na

  22. marlon says:

    I was applying at Home credit for a gadget for my child worth 7k ONLY, but according to the agent that assisted me, our application will be decline due to the fact that our Municipality was already block listed… the Home credit generalized our place to be block listed… in fact, we can afford to pay for spot cash but tried to avail of home credit which is getting popular with there vision for “helping out people purchase and avail there dreamed appliances or gadgets thru financing”. I was so very disappointed but did not react violently but tried to reach out your company to review your policy of approving and declining customers.

  23. Rebecca Lazaro says:

    Full payment na po ako Jun p. Nag apply na uli ako for cash loan. Pag pina follow up ko. Reply nila d match yung cel no. Ko. Ei nagpalit po ako no. Kasi na snatch yung gadgets na ni loan ko. Ei gusto ko po Sana cash loan. Paano po. Yon???

  24. Judy says:

    Hi po. Kapag po self-employed or my business, ano po kailangang requirements para doon?

  25. Ethan Lau says:

    Any advice for someone like me who’s new to this and planning to engage?

  26. ulysses pepito says:

    hellow good day sir/maam.. may ask lang po ako… pede po ba masagot yung tanong ko? na decline kc ako sa loan ko, and i dont know po kung bakit.. wala namn po akong any records .

  27. Joseph says:

    Pwede po ba gamitin ang Philhealth and NBI Clearance/Police Clearance pang process? wala kasi akong primary e kundi secondary like phihealth… makakapag process po kaya ako?

  28. ron says:

    ok naman ang declaire ko pero hindi ako napprove

  29. Wilson Pabellano Naynes says:

    pag may postpaid plan ba ako sa GLOBE Or SMART Telecoms then di ko na bayaran blacklisted na din ba ako sa HOme Credit Thanks…i mean di na ba ako pwede mag apply ng Gadget Loan…..

  30. Ian torbeles says:

    Hi ask ko Lang Po Kung pwede ba gumamit NG ibang Tao I’d kahit na relatives or family mo ??

  31. Bel jemar bosque says:

    If only yung mga agents magsabi na mag down na half sa price sa item na uutangin para malaki ang chances ma approve. Tsk. Ayun ni reject kasi sobrang honest ko .. Di ko na matiis na mapasaakin na un … Binili ko nalang.. Tsk. .

  32. Bel jemar bosque says:

    Basta try and try lang until makalusot… If inde talaga , bibilhin nalang.. Huhuhuhu baka di talaga para sakin.. Peace!

  33. RHEA says:

    Can i apply cellphone loan at home credit without primary ids? but i have secondary ids..;)

  34. karma says:

    ??? Home credit. Grabeh nyo naman la ba kayong mauutangan na load.. Pls reply asap. Ayan do not do unto others…. Blah blah.. Unto you.. LOLS

  35. precious says:

    What are your basis to approve or decline an application?

  36. anonymous says:

    hi. wala naman kaming loans this past few years and we offer higher downpayment. but sad to say we were denied three times. ano po pweding gawin?

  37. Ron Orte says:

    Pag ang nilo-loan ko ditto sa home credit ay mga accessories ng PC such as drawing tablet wirht 8-10K ay na aaprove ako. Pero pag Phone na ang kukunin ko kahit below 10K lagging decline. kaya naisip ko barber din tong Home Credit.

  38. khy says:

    can i apply home credit without primary ids? but i have secondary ids

  39. TJ says:

    Thank you for this! I made a video of my experience with Home Credit Gadget Loan as a Self-Employed individual.

    https://youtu.be/LHUVgWbBKQ8

  40. John says:

    Anu ung id number na hinahanap

  41. GINA MERCADO says:

    hi want a home credit credit card where to apply ty

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