One usually takes out a loan to fulfil immediate financial needs, like buying a house, paying for education, paying off their consolidated debt or paying for hospital bills. But what happens when you find yourself in the middle of a financial emergency & can’t pay your loan EMI? If you consecutively fail to pay your loan EMIs for three months, your lenders consider it as a default & can take action against you, or worse you can lose possession of your asset that you provided as a collateral. Wouldn’t it be great if your loans came with the flexibility of delaying a payment when you’re already in a crisis?
Yes, it’s possible with Home Credit Safe Pay plans. It’s an amazing value-added service offered to Home Credit customers to help them out in financial & health emergencies. It offers you the benefits of life cover, payment holiday and free health consultation for a small fee. So, it not only gives you complete peace of mind, but it also gives you additional benefits that you won’t get with your usual borrowings.
Why opt for a Safe Pay plan while taking a loan from us?
- Repayment Flexibility
With Home Credit Safe Pay plans, you get the flexibility to repay the loan anytime, at your convenience, at no extra charge. You also have the option to postpone EMI payment by a month in case you face an emergency.
- Health Services
The Safe Pay plans also provide you the benefits of unlimited doctor consultations, free health check-up vouchers & extra savings on medicines/lab tests – all from the comfort of your home
- Life Cover
Safe Pay plans also allows you to get a life cover of up to 1.25 times the loan amount, to fulfil loan obligations in case of death. So, you never have to worry & can easily safeguard yourself and your family from any financial burden during emergencies.
How does Safe Pay ensure your loan coverage in case of emergencies?
Payment Holiday
- In case of an emergency, you can postpone your EMI payment by a month
- You can avail the Safe Pay service even after paying first 2 EMI’s on or before due date
- The loan tenure increases by a month every time Payment Holiday is availed
- There is no impact on your credit history if you postpone your EMI payment through Safe Pay
- You can avail the benefit of Payment Holiday twice in a year
Life Cover
- Safe Pay allows you to get a life cover of up to 1.25 times the loan amount, to fulfil loan obligations in case of death
- Assured sum in case of the customer’s death to cover loan obligations
- Coverage for death due to accident, illness and natural reasons
Health Services
- You get unlimited Tele and Video consultation from doctors
- You also get 1 free health check-up voucher covering 31 tests
- You can avail discounts on pharmacy & diagnostics
- You can also get discounted OPD Services through Safe Pay
- You get medicine reminders & all your health records stored electronically at one place
In these unprecedented times, it’s a smart step to always prepare for contingencies and what better way to rid yourself of all the worry through Home Credit Safe Pay! You can simply select the available Safe Pay plan option during your loan application at Home Credit Partner Shops or on Home Credit India App & pick what suits your needs the best.