Home Credit India has announced its entry into the two-wheeler loans segment, marking a significant expansion of its consumer finance portfolio. The launch coincides with the festive season and aims to enhance accessibility to affordable mobility solutions for individuals and families across India.
The company is rolling out the new offering with a digital-first approach that promises a seamless application and approval process. Customers can access attractive EMI schemes designed to make two-wheeler ownership more financially manageable.
As part of the festive launch, Home Credit India is offering zero foreclosure charges and EMI holiday options. These features provide borrowers with greater financial flexibility, allowing them to prepay their loans without penalties or temporarily pause payments when needed.
The two-wheeler loan facility will initially be available in Mumbai and Navi Mumbai, with plans for nationwide expansion in the coming months. This strategic rollout approach allows the company to refine its processes before scaling operations across other regions.
“At Home Credit India, we are deeply committed to fostering financial inclusion by offering straightforward, trustworthy, easy to understand transparent, and customer-centric financial solutions,” said Vivek Singh, CEO of Home Credit India. “The introduction of two-wheeler loans is an extension of this commitment, allowing us to significantly enhance accessibility and affordability for our customers’ daily mobility needs.”
Singh emphasized that the company’s digital-first approach, combined with adaptable EMI plans and clear processes, aims to provide a seamless experience that supports customers’ aspirations.
The two-wheeler loans join Home Credit India’s existing portfolio of financial products, which includes the Ujjwal EMI Card with credit limits up to ₹75,000, Mobile EMI offerings for smartphone purchases, Home Appliances EMI with flexible repayment terms, and Personal Loans up to ₹4,80,000.
Home Credit India Finance Pvt. Ltd., a subsidiary of TVS Holdings Ltd., serves over 1.9 crore customers through approximately 53,000 points-of-sale across 625 cities in India.