Home Credit Completes 5 Successful Years in India, Targets 5 Million Customers by 2018

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Home Credit Completes 5 Successful Years in India, Targets 5 Million Customers by 2018
Home Credit Completes 5 Successful Years in India, Targets 5 Million Customers by 2018

Home Credit Completes 5 Successful Years in India, Targets 5 Million Customers by 2018

“I run a wholesale business in Delhi and was looking for a company to finance me as I wanted to buy a mobile phone last year. After being refused loans from several finance companies, I applied for a mobile phone loan with Home Credit India. I was very happy to know that my loan has been approved. What’s more, I even went on to apply for a two-wheeler loan with Home Credit! Today, I have a healthy Credit score. Thanks to Home Credit India.” – Abhishek Kumar, medical store owner.

This is the story of 35-year old Abhishek Kumar who could fulfill his long cherished dreams by applying for a two-wheeler loan with Home Credit India.

To know more about Home Credit, check this PAGE out.

Home Credit, one of India’s fastest growing NBFCs completes a successful 5 years in India, emerging as a leading player in in consumer durable loans with ticket size up to INR 10,000 with 87.2% market share PAN India for July- Sept 2016, according to CRIF*.

 

Home Credit has served over 2 million customers in the country and plans to offer online loans April 2017 onwards to maximize customer reach and targets to expand customer base to 5 million by the end of 2018.

 

Commenting on Home Credit completing five years in India, Pavel Maco, CEO, Home Credit India, said, “In the last 5 years, Home Credit’s growth in India has been phenomenal both in terms of a robust expansion plan and building the brand.  With our extensive reach, we have serviced over 2 million customers till now and are aiming to grow this number by 5 million in the next two years. Our aim is to help a large majority of our customers who are the first time loaners in realizing their dreams and leading a happy family life by building their credit history.”

 

He also added, “Our growth has been encouraging and inspires us to serve our customers better. India is also one of the most challenging markets with its diversified population that aspires to dream of a better life. India has great potential and with the number of timely Government initiatives, India has emerged as one of the biggest and most important markets in our global expansion plans.”

 

For the global financial lender, currently present in 11 countries across the globe, these last five years in India have been remarkable and have witnessed a steady growth through aggressive expansion.

 

Currently in the next big phase of consolidating its leadership position in the Indian market, Home Credit India will move to being completely digital shifting on line from offline. The company grew from a low key presence in 5 cities in 2012-13, to a now established name in the NBFC market with an impressive and strong footprint across over 60 cities in 15 Indian states in 2017 in just five years.

 

About Home Credit India

Home Credit India Finance Pvt. Ltd. is a leading consumer finance provider that is committed to drive credit penetration and financial inclusion by offering financial solutions that are simple, transparent and accessible to all. One of India’s leading Non-Banking Financial Companies (NBFCs), Home Credit India has its operations in over 60 cities across 15 states in the country. The company has a strong network of nearly 7,000 Points-of-Sale (PoS) where it services over 2 million customers through a driven employee base of over 17,000.

 

Home Credit India is part of Home Credit B.V., an international consumer finance provider with operations in 11 countries across Europe and Asia. The group employs over 100,000 full time employees who have so far served over 64 million customers through the vast distribution network comprising over 240,000 points of sale, loan offices, branches and post offices as of Sept 30, 2016.

 

More information on HCBV is available at www.homecredit.net.

 

More information on Home Credit India is available at www.homecredit.co.in

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