With the aim of giving more Filipinos access to credit and achieving 10 million clients by 2023, Home Credit Philippines (HCPH), the nation’s top consumer financing provider, launches its 10th anniversary celebration.
Home Credit continues to gradually expand its operations and provide consumers a full ecosystem of products and service options tailored to their unique requirements and lifestyles as the company marks ten years of service in the nation this October. As we attended the press conference, we really saw how Home Credit gives value to its customers and how genuine they are in ensuring the needs of their clients. As they’re now in their decade of serving and empowering their people, they widen their range and really give what their customers really need on a daily basis. As a consumer finance provider, they guarantee everyone that they are on their side every step of the way.
Home Credit had 9.3 million customers at the year’s end of 2022, which was a good performance. The extension of its services to many lifestyle segments and categories was a major factor in making it possible for Filipinos to live more fulfilling lives.
“Our goal of a financially empowered Philippines comes true every year, one customer at a time. In our 10 years of service in the country, we aim to empower 10 million customers by the end of 2023 and continue to serve more Filipinos in the years to come. More than delivering innovative and accessible financial services, we celebrate the relationships we have built with our stakeholders and customers over the past decade, and this we choose to continue above and beyond,” shares Home Credit Philippines’ Chief Executive Officer, David Minol.
Anything, anytime, anywhere
As a leading consumer finance provider, pioneering buy now, pay later (BNPL) services in the country, Home Credit has grown its local roots in the past decade and developed a much deeper understanding of the local market. The company has seen the need to expand its lifestyle offerings and finance solutions to better support the ever-evolving needs and demand of Filipinos in this new generation.
Over the years, Home Credit has expanded to a robust 15,000 partner stores across 75 provinces in the country and has aggressively grown its online presence through the My Home Credit App. The company has also forged partnerships with the country’s biggest brands and retailers, building a wide selection of 300+ lifestyle commodities ranging from gadgets and smartphones, appliances and furniture, to bicycles and motorcycle accessories, sports equipment, and many more.
From once to always
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.
Nurturing relationships, building protection
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.
Serving customers, valuing communities
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 Pampanga, Iloilo, Guimaras, Capiz, Antique, and Aklan.
With 30 million sheets of paper saved from transactions overall—the equivalent of 2,000 trees saved—the corporation also pledges to contribute to a better planet. In addition, Home Credit supports equity by giving women, who make up 52% of its clientele, access to greater purchasing power.
As the market leader in the consumer financing industry, Home Credit finds strength not only in numbers but also in the solid relationships it has built with both stakeholders and customers. With its dedication to innovation, client happiness, and financial inclusion, the company, now in its tenth year in the Philippines, hopes to set a benchmark for the consumer finance sector.
The Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP). have properly licensed and overseen the financing firm Home Credit Philippines (BSP). Visit the company’s official website at www.homecredit.ph to learn more about the most recent improvements. You may also follow the company’s official profiles on Facebook, Instagram, and TikTok. Consumers are urged to download the My Home Credit App from Google Play to learn more about the most recent promotions and to view the newest market updates.
More information on HCPH is available at www.homecredit.ph.