POS (Point of sales) loan is a core product provided by Home Credit. POS loans are unsecured loans provided to consumers to finance purchase of various types of durable goods, (e.g. fridge, television, computer, cell phone, motorbike, furniture, etc. ). The loans are offered and sold directly in the retailer shops which cooperate with Home Credit. The key advantage of our product is speed and simplicity: we can process application on spot (in the shop) and grant the loan to customer within 60 minutes. If customer approved he can immediately take the goods home. No waiting, no extra visit of bank branch, no sophisticated documents needed. The loan is paid back in monthly installments, various payment channels are available.

Our typical customers are young people who want to increase their consumer standard in order to make their life enjoyable. Thanks to our products we make wide variety of goods easily accessible for them while keeping financial burden reasonably low and distributed due to small monthly payments. Even customers with enough cash/savings appreciate using our service since they can keep cash for another purpose or emergency reason.

Unlike majority of banks we do not focus just on high income segments only. Our goal is to become friendly loan provider which is accessible for wide masses of Chinese consumers. Compared to other institutions we borrow rather smaller loan amounts but in a very simple and convenient way.

• Applicant requirement
  1. Chinese citizens with ID card (excluding Chinese with foreign passport, citizens of Hong Kong, Macau and Taiwan, and military units)
  2. Age 18-55

• Document requirement
  1. ID card
  2. Second document (any of the following): SSI, Bank card, Hukou, Driving license, Bank transaction slip, Bank book, Employee badge, Student ID

• Application procedures
  1. Customer selects his/her favorite goods and applies for POS loan service directly in the retailer shop which cooperates with Home Credit company;
  2. Sales representative checks customer’s documents and help to fill-in application form, approval process takes less than 60 minutes;
  3. If approved customer signs the loan contract and pays payment. Customer gets goods from retailer;
  4. Customer pays monthly installments according to instructions in “Repayment Guidance”.