Category Archives: Home credit

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 […]

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 […]