Vic Vic Bautista

Enjoy a 0% installment rate, up to 30% exclusive discount from Feb 1 to Mar 31, 2024

Alongside the Grand Pay Hulugan promotion, one of the top consumer finance businesses in the nation, Home Credit Philippines (HCPH), is once again partnering with SM Appliance Center to bring you amazing savings on a wide range of electronics and home appliances.

This special offer, which is valid from February 1 to March 31, 2024, enables you to upgrade your current appliances and devices or buy the appliances and gadgets of your choice at unbeatable prices, enabling you to achieve your goals. Through this partnership, you may benefit from 0% interest rates on a range of installment payment plans as well as up to 30% off Home Credit-only prices on specific items.

A large range of household and electronic goods are featured in the promotion. Offers are valid on a new television models from Samsung, LG, TCL, Sony, and Skyworth if you’re looking to upgrade your viewing pleasure. Take advantage of this promotion on refrigerators from companies like LG, Panasonic, Condura, Samsung, and Fujidenzo.     

The promo also extends to air-conditioner units, so you can prepare for the upcoming summer season. The promo encompasses brands such as LG, Carrier, Panasonic and Samsung. For your laundry needs, you can seize the opportunity with washing machine brands like LG, Panasonic, Whirlpool, and Samsung. 

Aside from that, the offer includes cooking ranges featuring select items from La Germania, Elba, Fabriano, and Hafele. Additionally, it applies to select Samsung mobile phones, Sony and LG speakers, LG vacuum cleaners, and Whirlpool microwaves. 

The Grand Pay Hulugan promo is available at all SM Appliance Center branches equipped with Home Credit facilities. This way, you will not miss exclusive deals for your dream appliances and electronics. 

Hurry up and visit your nearest SM Appliance Center now! Take advantage of the 0% interest rate on flexible payment options and great discounts from Feb 1 to Mar 31, 2024. Get the appliances and electronics you have been wanting for your home! 

Go to www.homecredit.ph, the official website of Home Credit Philippines, to learn more about the most recent happenings. Additionally, you may follow its official profiles on  Facebook, Instagram, and TikTok. To find out more about the most recent promotions and to explore what’s new at  Shopping Mall Philippines, customers are also advised to download the  My Home Credit App from Google Play.

The Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) have granted Home Credit Philippines the necessary licenses and oversight.

More information on HCPH is available at www.homecredit.ph.   

Leading Global Financial Services Provider Launches New Customizable Insurance Product to Help Filipinos Become More Prepared to Reach Their Retirement Goals

A Manulife survey* indicates that while most Filipinos understand the value of saving for retirement, just thirty percent really have a strategy in place. The majority depend on bank accounts or cash savings (46%), prospective inheritances from family members (18%), state or federal subsidies (18%), or assistance from their offspring (17%).

The Bangko Sentral ng Pilipinas 2021 Financial Inclusion Survey results, which show that 37% of Filipinos claimed they have some kind of savings, but that their savings are mainly kept at home and in banks and are exclusively allocated for emergencies, further corroborate these findings.

Manulife Philippines and Manulife China Bank Life (MCBL) recently introduced FutureBoost Retirement, a customizable insurance plan that enables people to meet their retirement goals, choose when to receive their retirement funds, and protect themselves from uncertainties, in an effort to help Filipinos better prepare for their retirement future while navigating current financial realities.

“We at Manulife understand that economic challenges, like the threat of inflation and other financial worries and accountabilities, may put constraints on Filipinos’ available resources and energy to take the necessary steps to secure their future,” said Rahul Hora, President and Chief Executive Officer, Manulife Philippines. “While they aspire to enjoy life and spend more time with their family, they are concerned that their finances will not be enough to sustain them during their retirement years.”

Hora shared: “Our new retirement product aims to help Filipinos save smarter, live better, and retire ready. It empowers them to build a retirement fund to supplement their savings and other financial products, while offering additional protection for the future. They can better enjoy peace of mind, pursue their passions and live their best life yet, knowing that they have secured financial protection for themselves and their loved ones.”

Build a retirement fund according to your goals

Based on Manulife’s internal research**, 86% of insurance owners surveyed are worried about insufficient retirement funds.

With FutureBoost Retirement, also available to China Bank and China Bank Savings clients through MCBL, Filipinos can optimize their retirement planning through the plan’s unique automatic fund management feature. This allows them to maximize returns in the early years and minimize risks as they approach retirement age, helping them grow their money and build their wealth.

“Through our latest offering, we want to instill more confidence in our customers in reaching their financial goals by going beyond their personal savings and tapping into investment growth opportunities that come with FutureBoost. This way, they may protect their retirement fund from inflation risks, live comfortably, and achieve their aspirations,” said Neil Bowyer, President, MCBL. 

Customers may receive their retirement amount at their target retirement age, and choose when to receive their retirement fund, whether through steady payouts or a lump sum withdrawal.

FutureBoost Retirement also rewards customers with multiple bonuses for paying on time (5% of their basic premium), paying more (2% of basic premium), and being loyal (0.5% or 0.75% of account value). These bonuses will help grow customers’ retirement fund in the long term.

Retirement plan with life protection

Customers and their loved ones can feel more secure with FutureBoost Retirement’s protection riders and life insurance coverage. Customers may consider adding an enhanced critical illness rider, which pays a lump sum amount if the insured is diagnosed with a critical illness, a hospital income benefit, which provides an allowance for each day of hospital confinement to help cover medical expenses and doctor’s fees, among other options, for additional health protection, as 38% of Filipinos surveyed expressed concern about rising healthcare costs.

Visit manulife.com.ph or manulife-chinabank.com.ph to find out more about FutureBoost Retirement.

* Manulife Asia Care Survey

**Manulife’s internal customer research in 2023

By increasing its capacity and positioning itself as a top global supplier for manufacturers’ textile requirements, Gold Fortune Textiles (GFT) is leaving its mark on the regional textile market. The Philippines was formerly a significant provider of garment products as well as fabrics, and GFT, led by its 23-year-old CEO and President Enrico Sy, is well-positioned to assist the sector in returning to its previous level of success. In Taytay, Rizal, the company recently opened its flagship showroom. Here, clients may examine their merchandise in a bright, welcoming space, and polite, sales-trained employees are on hand to answer any questions they may have.

They have also increased the variety of products they offer in order to stay up with international trends in linens and clothing. Additionally, Sy has made use of social media to interact with and cultivate a clientele that prioritizes high-quality goods for their clothing brands.

Sy took over his parent’s thirty-year-old RTW company and modernized it to meet the needs of local entrepreneurs in the textile industry. These needs include better quality and variety in fabric blends and prints, a one-stop shop for accessory products, and customization services for bulk orders. As time passed, we became aware of a need and began to increase output.

After realizing that the Philippines was adopting Bangkok-style clothing, we opted to import several types of fabric rather than just cotton.”

The platform’s growing popularity is a reflection of a larger trend where digital channels are the preferred means for Filipinos to access modern financial services, including formal credit options.

The multiplely honored consumer finance firm Digido is pleased to announce that it has reached an important milestone: over a million Filipinos have benefited from its inclusive, dependable, and safe digital loan services.

With a platform that provides a quick and easy way for people without access to traditional financial institutions to get cash loans, Digido has established itself as a reliable financial partner for the underprivileged in the Philippines.

Simultaneously, Digido’s increasing renown is indicative of a wider pattern in which Filipinos prefer using digital channels to obtain contemporary financial services, such as formal credit choices.

With Digido’s First Loan For Free program, first-time borrowers can obtain a normal personal loan up to PHP 25,000 for returning customers and up to PHP 4,000 with no interest for first-time borrowers. It is available via Lazada Loans, its apps on Google Play and the iOS App Store, and its official website, digido.ph.

Digido was recognized with 13 awards in 2023, including ones from The Digital Banker’s Global Retail Banking Innovation Awards, Pan Finance and the Global Banking & Finance Review.

“We at Digido are incredibly grateful for the trust that Filipinos have given to us. We view this milestone as both an achievement and challenge, spurring us further to meaningfully contribute to the country’s digital transformation through increased access to formal credit,” said Rose Arreco, business development manager of Digido.

2023 saw Digido experience 23% growth in total loans disbursed compared to 2022. 75.4% of the loans disbursed in 2023 were from repeat borrowers, indicating considerable brand loyalty.

According to a recently published commissioned survey by Digido, personal loans will remain the most often used formal credit option in 2023 across all demographic groups and geographic locations. Eight out of ten Filipinos reported having easier access to formal loan choices last year.

“We are firm in our mission to ensure every hard-working Filipino should have access to convenient and secure financial tools. As we endeavor to celebrate more milestones in the future, we will do so by ensuring we strive for innovation and find creative means to delight even more customers,” Arreco added