Home Credit empowers 10 million Filipinos as it prepares for its 10th year in the Philippines

Home Credit Philippines (HCPH), the nation’s leading consumer finance company, is kicks off its 10th anniversary celebration with the goal of providing credit to more Filipinos and reaching 10 million customers by 2023. Home Credit, which made its long inroads into the country in October of this year, continues to gradually expand its operations, offering customers a complete ecosystem of products and services tailored to their individual needs and lifestyles.

In 2022, Home Credit finishes a strong year with 9.3 million customer base. Expanding its services into various lifestyle segments and categories has played a major role in enabling Filipinos to live more fulfilling lives.

“Our goal of making the Philippines financially strong is realized year after year, one client at a time. With 10 years of service in the country, we aim to serve 10 million customers by the end of 2023 and serve even more Filipinos in the coming years. In addition to providing innovative and accessible financial services, we celebrate the relationships we have built with our stakeholders and customers over the past decade and have chosen to continue these across borders,” said Home Credit Philippines’ David Minol, Chief Executive Officer.

As a leading consumer finance provider that pioneered domestic buy-now-pay-later (BNPL) services, Home Credit has expanded its local roots and deepened its understanding of the local market over the past decade. . The company recognized the need to expand its lifestyle offerings and financial solutions to better support the ever-evolving needs and demands of this new generation of Filipinos.

Over the years, Home Credit has grown to his 15,000 robust affiliate stores in 75 states nationwide and has aggressively expanded its online presence through the My Home Credit app. The company also has partnerships with some of the country’s biggest brands and retailers, offering a vast selection of over 300 lifestyle products, from gadgets and smartphones, home appliances and furniture, to bicycle and motorcycle accessories, sports equipment and many more.

Since entering the country in 2013, Home Credit has empowered millions of Filipinos to access more financial solutions through its expanded range of product options.

Aside from product loans, the company also offers existing customers with good payment histories the opportunity to avail themselves of Cash Loan, which helps them to be more financially capable. To date, Home Credit has disbursed over 1.8 million Cash Loans to its customers, in which 90% of the contracts were signed digitally and 20% of the applications were processed through the My Home Credit App. Home Credit boasts of having the fastest cash loan approval and disbursement in 1 minute – the best in the market. Customers can enjoy the flexibility of the Cash Loan offers ranging from Php 3,000 to Php 150,000 and repayment terms from six to 48 months.

Home Credit believes that availing of its financing products is not the end of the customers’ journey but only the start of it. The company wants to further build meaningful relationships with its customers and be their ally in advocating proactive measures to keep themselves and their families safe and protected.

With this, Home Credit also offers solutions to give the best protection to its customers. They have the option to purchase a range of protection packages: Device Protection which can be upgraded with an extended warranty for accidental damage protection; Extra Care for flexibility in managing payments; Home Content to protect and cover home belongings from any unfortunate incidents; and an innovative Personal Payment Protection that offers unlimited telemedicine service, death and accident coverage, and medical reimbursement.

As the lifestyle partner of every Filipino, Home Credit remains steadfast in its mission of empowering Filipinos, Para sa Life. The company has focused on advocating financial literacy, which aligns with Home Credit’s thrust of championing environmental, social and governance (ESG).

Last year, Home Credit’s flagship financial literacy program Wais sa Home reached more than 20 million Filipinos across the country and has driven onsite financial literacy programs in various provinces, particularly in the communities of Pampan- ga, Iloilo, Guimaras, Capiz, Antique, and Aklan.

The company also commits to a greener earth with 30 million sheets of paper saved in overall transactions, an equivalent of 2,000 trees conserved due to its digitalization initiative. Aside from that, Home Credit also promotes equity by providing more substantial purchasing power for women who comprise 52% of its customer base.

Home Credit, as the market leader in the consumer finance sector, not only finds strength in numbers but in the strong connections it has made among stakeholders and consumers alike. In its 10th year in the Philippines, the company seeks to become a standard in the consumer finance industry with its commitment to innovation, customer satisfaction, and financial inclusion.

Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and by the Bangko Sentral ng Pilipinas (BSP). To know more about the latest updates from the company, visit its official website www. homecredit.ph. You may also follow its official Facebook, Instagram, and TikTok accounts. Customers are also encouraged to download the My Home Credit App on Google Play to learn more about the latest promos and see what’s new in the Marketplace.