Home Credit Consumer Finance Company

Company Overview

Creating a leading financial service provider in China, Home Credit Consumer Finance Company (“Home Credit CFC”) was launched in Tianjin as the first and only fully foreign-owned consumer finance company in the country.

Home Credit CFC is solely invested by PPF Group N.V., the largest privately-owned investment group in Central and Eastern Europe, and capitalised with a registered capital of RMB 300 million.

The pilot license, one of four given out by the China Banking Regulatory Commission, applies to Home Credits′ non-collateralised lending to mass consumers in the Tianjin region. The three other licenses that are applicable in different provinces were awarded to local Chinese banks.

Home Credit CFC will provide Tianjin local consumers with a range of products to support installment sales in shops and also with cash loans to finance purchases of durable goods and education or travel as well.