Point of sales loans enable durable goods to be bought and paid for in instalments. The loans are sold to (predominantly first time) borrowers at shops ("point of sale") while the purchase of durable goods occurs. They are typically underwritten through Home Credit employees (administrators) present in the given shop or through shop assistants working on commission as "Home Credit agents". A loan application is drawn up and forwarded to the local Home Credit Company. Home Credit then informs the customer of the outcome of the application via the administrators or shop assistants who also process the necessary POS loan documentation once the loan has been approved. Our emerging consumer finance markets in Kazakhstan and Belarus continue to be driven largely by POS loans.
Distribution channels may vary in individual countries.