Home Credit India Finance Pvt. Ltd., one of India's fastest growing non-banking financial company has achieved a key milestone of reaching five million customers in just five years of its operations in India.
The company launched its operations in India in 2012 by issuing the first loan. In 2016, Home Credit crossed the one million customers mark driven by pan-India expansion across major markets, a range of diversified and innovative products backed by superior customer experience.
The company added another four million customers last year, further consolidating its position as a leading consumer finance provider.
"This is a significant step in our efforts to providing financial solutions that are simple, transparent and accessible to all. We also thank our valuable customers for reposing trust and supporting us in launching new initiatives," said Chief Executive Officer Home Credit India Pvt. Ltd., Pavel Maco.
While Home Credit has been able to expand its customer base significantly in the last five years, its network too has grown rapidly. From just a few point of sales (PoS) in 2012, the company has currently over 20,000 customer touchpoints in more than 90 cities in 20 states across India.
Over the last few years, Home Credit India has been able to successfully launch operations in major metros, tier I and II cities with the aim of making its products and services available to a larger customer base.
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Last year, the company launched a one-of-its-kind completely online financial solution called Mini Cash Loan. The idea for launching this product was simple - to provide instant loan to the customers with minimum documentation and to make it more convenient for them.
The loan enables eligible applicants to borrow any amount up to Rs. 10,000. To enable customers to access their loan and repayment details from anywhere and anytime, Home Credit India also launched its mobile app in April. The app has already garnered over 700,000 downloads.
In September, Home Credit India unveiled its new brand identity and logo with the tagline of 'Now You Can'. The refreshed branding showcases Home Credit India as a global fintech company that is transforming the way the world shops through simple and seamless financing solutions. In its new avatar, Home Credit India aims to make things that matter the most to customers more affordable through advanced technology, pan-India footprint, and presence at the point of sale, be it in store or online.