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,Read More →
“We gave up trying to decode what Home Credit does,” said the founder of a company that helps non-bank lenders raise funds. To be fair, there’s nothing traditional about the way the eight-year-old Czech Republic-based Non-Banking Financial Company (NBFC) has built its lending business in India. Home Credit, which arrivedRead More →
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 fliesRead More →
Home Credit India (HCIN), a local branch of the international consumer credit provider, has partnered with Karur Vysya Bank (KVB) for joint loans using automated end-to-end processing that will help the client obtain approval in real time and disbursement. The company said recent guidelines from the RBI had led theRead More →
Petr Kellner, trichest man in the Czech Republic, has filed a first public offer 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. WhyRead More →
Two in three Indians are open to borrowing, a new survey by consumer credit provider Home Credit India has found. Interestingly, meeting the family’s needs and wishes is the number one reason people want to take out a new loan, reveals the report, which released a new perspective on theRead More →
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-basedRead More →
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 AsianRead More →
By Julie Zhu, Julia Fioretti * Czech Republic-based lender plans over $1 billion Hong Kong IPO this year – sources * Could apply as soon as next month-sources * Citi, HSBC and Morgan Stanley will lead transaction sources * Latest in a series of non-Asian companies choosing HK for IPOsRead More →
The maximum amount of the mortgage that you can obtain depends on your solvency and your borrowing potential determined according to the norms and standards of the bank. Here are some of the points that will determine your mortgage amount: 1. DepositUsually, builders require buyers to pay 10-20% of theRead More →
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 fiscalRead More →
1 year Billed annually at 4699 ₹ 392 / month 2 years Billed annually at 6999 ₹ 292 / month 3 years Billed annually at 9399 ₹ 261 / month 1 year Billed annually at 6999 ₹ 583 / month 2 years Billed annually at 8799 ₹ 367 / monthRead More →
Real Estate Credit India Finance Pvt. Ltd., one of India’s fastest growing non-bank financial companies (NBFC), has partnered with the country’s largest mobile payment and commerce platform, Paytm, to enable customers to pay their IMEs in a simple, simple and convenient way. The merger with Paytm is in line withRead More →
Expanding access to credit for the tech savvy and mobile population and bringing transformation to the small personal loan market, Home Credit India Finance Pvt. Ltd., one of India’s fastest growing non-bank financial companies (NBFC), has launched an innovative and one-of-a-kind online mini-loan nationwide. Aimed at customers who need aRead More →
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 seriesRead More →
NEW DELHI: Home Credit India Finance, a non-bank finance company, announced today that it will expand its operations to 40 cities by the end of 2015. “Home Credit India Finance aims to boost credit penetration by providing consumer credit to everyone. It has announced expansion plans targeting a presence inRead More →
Home equity borrowers beware: a substantial “payment shock” could soon be hitting a mortgage near you. Many home equity lines of credit (HELOCs) taken out in 2005 — just when house prices peaked — could be approaching the end of their 10-year interest payment periods. With an interest rate hikeRead More →