Peace of Mind: The Value of Borrower Protection Plan Coverage

Are you aware that you can safeguard your financial future with affordable loan insurance coverage that can be tied to your Home Credit product loan or cash loan?

With the Borrower Protection Plan, you'll enjoy financial assistance to help pay your installments or loan balance, support your loved ones in case of unforeseen events, and access FREE online medical consultations whenever needed.

In this article, we'll delve into the significance of this coverage and explore how it can benefit your financial well-being.

In case of illness or emergency, the unlimited online consultation will also provide a financial benefit, as it eliminates the need for costly hospital visits or clinic appointments, allowing you and your family members to access medical advice and treatment 24/7 while keeping your financial burdens under control.

When unexpected medical expenses arise, it's not uncommon for people to struggle to make loan payments on time. Borrower Protection Plan coverage can provide a vital safety net in these situations that can pay the monthly installment due up to a maximum of Php 20,000 (per installment). With this loan insurance coverage, you'll be better equipped to stay on top of your loan payments. By covering medical expenses, you'll have more financial breathing room to make timely payments on your loans. This can help you avoid late fees, penalties, and even defaulting on your loans, ensuring that you don't fall behind and put your credit score at risk. 

In addition, if the customer is advised by the doctor to rest at home due to sickness or injury for a minimum of 5 consecutive days, the Borrower Protection plan also waives your monthly loan installment.

If uncertainties arise, aside from covering your monthly loan installment due to hospitalization and home confinement, the Borrower Protection Plan also gives you financial assistance of Php 500 for each day of confinement due to accident or sickness up to a maximum of 10 days per month.

Empower your loved ones with financial security by availing of the Borrower Protection Plan. This comprehensive coverage provides peace of mind, knowing that in the event of your untimely passing, your family will be protected from the burden of outstanding loan payments. With this plan, Home Credit will settle the remaining loan balance, ensuring that your loved ones are not left with a heavy financial burden.

Additionally, your beneficiaries will receive up to 120% of the financed amount as a lump sum payment with a maximum of Php 150,000 providing them with the financial freedom to pursue their financial goal.

The Borrower Protection Plan offers comprehensive accidental medical expense coverage, providing financial assistance up to Php 10,000 per borrower and family member for unexpected medical expenses incurred by you and your family members. This coverage ensures that you're not burdened by out-of-pocket medical expenses, helping to maintain your financial stability.

Don't wait until it's too late – take control of your finances today by exploring the benefits of Borrower Protection Plan. Your future self will thank you!

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