Category Archives: Home credit

Home Credit India appoints Harshita Khanna as Chief People Officer

Home Credit India (HCIN), a local arm of the international consumer credit provider with operations in Europe and Asia, today announced the appointment of Harshita Khanna as Chief People Officer, responsible for leading the sector human resources for its activities in India. In this role, Harshita will be responsible for driving people-centered organizational development priorities […]

Get a chance to earn up to P 1 million in a Million Promotion Home Loan

Be the first Home Credit Philippines millionaire on loan in a Million Draw Promotion! For the first time ever, Home Credit Philippines, the nation’s leading consumer finance company with a nationwide store presence and rapidly growing mobile presence, will be offering a grand cash prize of P 1 million. to one (1) lucky Home Credit […]

Provident Financial to close its mortgage division | Yorkshire

Bradford-based Provident Financial is on the verge of shutting down its mortgage business and has started consulting with around 2,100 employees regarding the plans. The announcement came as the listed company reported a statutory loss before tax of £ 113.5million for the year ended December 31, 2020, compared to a profit of £ 119million in […]

Vi Partners with Bajaj Finance, Home Credit and IDFC Bank to Offer EMI on Samsung, Oppo and Vivo Phones

| Update: Wednesday, May 5, 2021, 9:26 a.m. [IST] Vi (Vodafone-Idea) announced the launch of a new offer with its prepaid plans in the country. The company has partnered with Bajaj Finance, Home Credit and IDFC Bank to offer EMI options on Oppo, Vivo and Samsung smartphones. Notably, the new offering comes with annual plans. […]

CSR: Home Credit partners with SEWA Bharat to restore livelihoods of nano-entrepreneurs

NEW DELHI: Mortgage India, an Indian branch of the international consumer credit provider with operations in Europe and Asia and committed to fostering financial inclusion, in partnership with SEWA Bharat started a livelihood project for nano-entrepreneurs. Nano-entrepreneurs refer to individuals who start their business with very less capital. In line with Home Credit’s movement to […]

Accueil Crédit partners with SEWA Bharat to restore the livelihoods of nano-entrepreneurs

Home Credit India, an Indian branch of the international consumer credit provider with operations in Europe and Asia and committed to fostering financial inclusion, in partnership with SEWA Bharat, has launched a Nano-Entrepreneur Livelihood Project. Nano-entrepreneurs refer to individuals who start their business with very less capital. In line with Home Credit’s movement to foster […]

Celebrate Holi, the festival of color and joy, with Home Credit’s easy financing options

ANI | Update: March 23, 2021 3:44 PM STI New Delhi [India], March 23 (ANI / BusinessWire India): It’s that time of year when everyone is getting ready to celebrate Holi, one of India’s liveliest festivals. Home Credit’s innovative products and offers for its customers encourage them to celebrate the festival with great fanfare and […]

bne IntelliNews – Mortgage loans plunge to € 584 million in losses in 2020

Home Credit Group, the consumer lender owned by Czech billionaire Petr Kellner, attributed a loss of € 584 million for 2020 to the coronavirus pandemic (COVID-19), but said it was profitable in 2 hours and that it should be again this year. Home Credit recorded a net profit of € 35m in 2H20 against a […]

Home Credit lender returns to profit, hits restart after COVID hit

Band Jason Hovet PRAGUE, March 17 (Reuters) – Czech firm Home Credit, one of China’s oldest consumer lenders and active in Eastern Europe and Asia, is looking to turn the page and return to profit after the coronavirus pandemic hammered loans and led to heavy losses in 2020. The group announced a loss of 584 […]

UPDATE 2-Provident Seeks To Save The Mortgage Business With Bulk Complaint Resolution

* Provident says mortgage business is under investigation * Company presents £ 50million complaint resolution plan * Stocks dip 25% (add company info, update stock movement) March 15 (Reuters) – Provident Financial on Monday presented a £ 50million ($ 69.7million) plan to address an increase in complaints and claims against its home loan business during […]

Provident Financial says mortgage business is under regulatory investigation

Malcolm Le May, CEO of Provident Financial The Bradford-based company said an ongoing review has made it clear that the company needs to address the problem of the growing volume of customer complaints. The group said the operating environment for home collected credit had changed significantly in the second half of 2020. Provident decided that […]

Provident Financial reveals surveillance investigation into mortgage division

Monday, March 15, 2021 7:49 a.m. Door-to-door lender Provident Financial today revealed that it is the subject of a Financial Conduct Authority (FCA) investigation into its mortgage lending business. The survey will focus on “considering affordability and sustainability of loans to clients” within the division between February 2020 and February 2021. Provident said he was […]

Home Credit strengthens its insurance portfolio

Home Credit India, a local arm of the international consumer credit provider with operations in Europe and Asia and committed to fostering financial inclusion in India, today announced the launch of two-wheeler insurance in the under a strategic partnership with Bajaj Allianz General Insurance Company Limited, one of the leading private general insurance companies in […]

Why Leeds International Personal Finance’s mortgage lender collapsed

Gérard Ryan, CEO of International Personal Finance. The Leeds-based company reported a statutory pre-tax loss of £ 40.7million for the period, in stark contrast to the £ 114million profit it made the previous year. Turnover has grown from £ 889.1million in 2019 to £ 661.3million last year. The IPF said the Covid-19 pandemic posed “significant […]

5 reasons to fall in love with the My Home Credit app

It’s that exciting time of year again as January quickly turns into February, and our Christmas decorations are (finally) put back in the closet to make way for, you guessed it, the Midsummer Day decorations. Valentine. Yes V-Day isn’t really a day, it’s something we hopeless romantics celebrate throughout the month. And if you’re in […]

Make Your Valentine’s Day Celebration Extraordinary With Home Credit’s Easy Financing Options – ANI

New Delhi [India], February 10 (ANI / BusinessWire India): This Valentine’s Day shows a little love and makes your loved ones feel special, because now is the time for hope, comfort, good health and well-being . Offer them a diverse range of innovative Home Credit products and offers, as it offers simple, easy and fast […]

Mortgage Mobikwik launches mortgage money

MobiKwik, India’s largest digital lending platform, today announced a strategic partnership with Home Credit India, a local arm of international consumer credit provider Home Credit Group with operations in 9 countries in Europe and Europe. ‘Asia to launch’ Home Credit Money ‘. Wallet based on mobile applications, Home Credit Money provides an integrated end-to-end digital […]

Mobikwik real estate loan launches real estate loan money

MobiKwik, India’s largest digital credit platform, today announced a strategic partnership with Home Credit India, a local arm of international consumer credit provider Home Credit Group with operations spanning 9 countries across Europe and Asia to launch “Home Credit Money”. A mobile app-based wallet, Home Credit Money offers an integrated, end-to-end digital experience for its […]

Home Credit & MobiKwik launch “Home Credit Money” in India

Home Credit & MobiKwik launch “Home Credit Money” in India By Edil Corneille MobiKwik, India’s digital credit platform, has announced a strategic partnership with Home Credit India, a local arm of international consumer credit provider Home Credit Group with operations in 9 countries in Europe and Asia, to launch “Home Credit Money”. Wallet based on […]

MobiKwik Partners With Home Credit India To Offer Interest Free Loan Up To Rs 10,000 In Their Portfolio

The MobiKwik digital payment platform has announced a strategic partnership with Home Credit India, a local arm of the international consumer credit provider Home Credit Group to launch “Home Credit Money”. The Gurugram-based company explains in a blog post that the mortgage money allows users to take an instant interest-free loan ranging from Rs 1,500 […]

Realme Phones As Low As P343 Per Month Via Home Credit

Are you shopping for a new smartphone for yourself or a loved one this holiday season? True me Philippines and Home Credit may be something that stings your attention. The the country’s leading telephone provider, in conjunction with consumer credit provider Home Credit, is offering an ongoing promotion where customers can get 0% financing on […]

Home Credit Launches EMI Program to Buy LG, Samsung, Sony and Xiaomi Products in New Year

Home Credit India, a local arm of the international consumer credit provider with operations in Europe and Asia, has launched a bunch of innovative finance products and offerings for its clients, all together, in the New Year . The company has partnered with leading consumer durables brands to provide attractive and user-friendly financing programs. Offers […]

Home credit card users can now buy, load and pay bills with the My Home Credit app

Over the past three years, Home Credit, the country’s leading consumer finance company with a nationwide store presence and a rapidly growing mobile presence, has worked to bring financial services closer to its customers via the My Home Credit app. With its latest Home Credit Pay eLoads and eBills feature, home credit card users can […]

68% of Borrowers Don’t Know Their CIBIL Score, Home Credit Survey Reveals | AFN News

Previous story: Center For Civil Society hosted a conference on fake news and disinformation Next story: Xu Chong, CFO and Executive Director of Babytree: Focus on M&C and Broaden Horizons for More Opportunities 68% of borrowers do not know their CIBIL score, reveals a survey on real estate credit Posted on December 3, 2020 New […]

Real estate credit: the one-stop shop accessible for your financial needs

In these tough times, people need someone they can count on and easily turn to for their new financial needs. With the aim of providing fast, convenient and affordable financing to Filipinos, along with its innovations and extensive network of partner stores and merchants, Home Credit has easily established itself as a valued, reliable and […]

Real estate credit: the one-stop shop accessible for your financial needs

In these tough times, people need someone they can count on and easily turn to for their new financial needs. With the aim of providing fast, convenient and affordable financing to Filipinos, along with its innovations and extensive network of partner stores and merchants, Home Credit has easily established itself as a valued, reliable and […]

How Home Credit Automates Its Loan Disbursement Process, IT News, ET CIO

From self-driving cars to robots that pick and pack in retail warehouses to virtual assistants like Alexa and Siri, automation is everywhere. The auto loan industry is no different. Automation also has a positive impact for lenders and borrowers. Home Credit, a local branch of the international consumer credit provider, uses a blend of lending […]

UPDATE 1-UK Provident home credit collections return to pre-virus levels, 2020 on track

(Add details of statement, CEO quote, background) Nov. 4 (Reuters) – Door lender Provident Financial Plc said on Wednesday that the collection performance of its mortgage business was now in line with pre-pandemic levels, with the company ready to meet market expectations for This year. “In terms of the Group’s performance during the quarter, business […]

Home Credit Group to Extend Credit in Eastern Europe and Asia with FICO’s AI-Based Optimization

LONDON, October 22, 2020 / PRNewswire / – Strong points: FICO® Decision Optimizer will help Home Credit Group effectively tackle saturated and growing markets Pilot with targeted loan portfolio in Russia enabled a significant improvement in profitability and an increase in volumes The Home Credit Group risk management team will first use the tool to […]

Home Credit India Launches New Products As Part Of Insurance Portfolio

Home Credit India, a local arm of the international consumer credit provider with operations in Europe and Asia and committed to fostering financial inclusion in India, today announced the launch of its new products as part of its insurance portfolio for existing and new customers. New products include family health insurance and pocket insurance from […]

Consumer lender Home Credit posts loss of 619 million euros in first half

PRAGUE (Reuters) – Consumer lender Home Credit Group on Friday recorded a first-half loss of € 619 million on provisioning to cover loan losses as the coronavirus pandemic hit consumers. The lender whose operations include China, India and other Southeast Asian markets, Russia or the Czech Republic, said it had reduced its loan portfolio by […]

Impact of Covid-19: Home Credit India to give pink slips to 1,800 employees

Consumer loan finance company Home Credit India said Thursday it will lay off more than 10% of its 16,000 employees (1,800 employees), even as the company reworks its business strategy. “The unprecedented pandemic has affected all aspects of our lives. It had an impact on each of us, our families, our customers, our partners and […]

Home Credit layoffs: Home Credit India lays off 1,800 employees

NEW DELHI: Consumer loan finance company Home Credit India said Thursday it has cut its workforce by 1,800 employees due to the slowdown caused by the COVID-19 crisis. “The unprecedented coronavirus pandemic has affected every aspect of our lives. It has had an impact on each of us, our families, our customers, partners and businesses. […]

Home Credit India lays off 1,800 employees

NEW DELHI: Consumer loan finance company Home Credit India said Thursday it has cut its workforce by 1,800 employees due to the slowdown caused by the COVID-19 crisis. “The unprecedented coronavirus pandemic has affected all aspects of our lives. It has had an impact on each of us, our families, our customers, partners and businesses. […]

Subprime Loans For Home Credit Gambling In India

“We have given up on trying to decode what Home Credit does,” said the founder of a company that helps non-bank lenders raise funds. To be fair, there is nothing traditional about the way the eight-year-old Czech Republic-based Non-Bank Financial Corporation (NBFC) has built its lending business in India. Home Credit, who arrived in India […]

Home Credit abandons Hong Kong IPO as valuation falls short

By Jan Lopatka, Julie Zhu PRAGUE / HONG KONG (Reuters) – Home Credit, controlled by Czech Republic’s richest businessman Petr Kellner, on Thursday abandoned its proposed Hong Kong listing estimated at around $ 1 billion after the lender consumption struggled to achieve the expected valuation. FILE PHOTO: An airplane flies over the logo of Czech […]

Home Credit IPO Candidate Significant in Chinese Small Loan Market EJINSIGHT

Petr Kellner, tThe richest man in the Czech Republic has filed for an IPO in Hong Kong for his consumer credit business Home Credit. The company has an estimated valuation of over HK $ 100 billion. It would be the first Czech company to be listed in the city. Why Hong-Kong? Most likely because Home […]

67% of Indians ready to take out loans: Home Credit survey

Two out of three Indians are ready to take out loans, a new survey by consumer credit provider Home Credit India has revealed. Interestingly, meeting family needs and wishes is the main reason people want to take out a new loan, reveals the report, which released a new perspective on India’s borrowing habits. The second […]

Consumer lender Home Credit predicts more than $ 1 billion float in Hong Kong

By Robert Muller, Félix Tam PRAGUE / HONG KONG (Reuters) – Consumer lender Home Credit BV on Monday filed an initial public offering in Hong Kong, which two sources say could raise more than $ 1 billion, just three days after AB InBev ABI.BR shelved the listing of its Asian company. The Prague-based lender, controlled […]

bne IntelliNews – Home Credit files for the Hong Kong public offering

Czech Republic-based consumer lender Home Credit Group has filed for an initial public offering (IPO) on the Hong Kong Stock Exchange, group spokesman Milan Tomanek said, E15.cz daily reported on July 15th. The company declined to comment. According to Reuters sources, Home Credit could raise more than CZK 22.7 billion ($ 1 billion) with the […]

Consumer lender Home Credit plans over $1 billion float in Hong Kong

By Robert Muller, Felix Tam PRAGUE/HONG KONG (Reuters) – Consumer lender Home Credit BV filed an initial public offering in Hong Kong on Monday, which two sources said could raise more than $1 billion, just three days after AB InBev ABI.BR suspended the listing of its Asian activities. The Prague-based lender, controlled by Czech financial […]

RPT-Consumer Home Credit lender names banks for over $1bn Hong Kong IPO – sources

By Julie Zhu, Julia Fioretti (Repeats to other subscribers without changing the text) * Czech Republic-based lender plans over $1 billion Hong Kong IPO this year – sources * Could apply as early as next month-sources * Citi, HSBC and Morgan Stanley will lead transaction sources * Latest in a series of non-Asian companies choosing […]

Consumer lender Home Credit names banks for over $1bn Hong Kong IPO – sources

By Julie Zhu, Julia Fioretti * Czech Republic-based lender plans over $1 billion Hong Kong IPO this year – sources * Could apply as early as next month-sources * Citi, HSBC and Morgan Stanley will lead transaction sources * Latest in a series of non-Asian companies choosing HK for IPOs By Julie Zhu and Julia […]

Home Credit India is expected to become profitable in fiscal 2019

Given the strong growth in retail consumer credit, the simplification of loan procedures and the rapid expansion of its network, Home Credit India, part of the Czech Republic-based consumer credit provider Home Credit BV, which started operations in India in 2012, is expected to become profitable in the current fiscal year. Given the strong growth […]

Home Credit to offer more loan products – Companies

Editor’s note: Three years ago, President Xi Jinping launched China’s ambitious Belt and Road Initiative, to connect vast transcontinental swaths with a common economic thread. The initiative has provided unprecedented opportunities for companies around the world to expand their businesses and access new markets. China Daily will feature a series of interviews with senior executives […]