As Home Credit Philippines, the country’s leading consumer finance company, marks a decade of service in the country this October. It continues to expand its operations and provide customers with a wide variety of products and service tailored to their specific needs and lifestyles.
Home Credit finished the year strong in 2022, with a customer base of 9.3 million. Its expansion to various lifestyle segments has played a significant role in helping Filipinos to afford a better life. With the objective of reaching 10 million users by 2023 to give more Filipinos access to credit!
“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.
Providing access to credit, anytime, anywhere!
Home Credit has grown to a solid 15,000 partner stores across 75 provinces in the country over the years. It has also aggressively extended its online presence through the My Home Credit App. Joining forces with the country’s leading brands and retailers, resulting in a diverse range of 300+ lifestyle goods and marking their prominence as the pioneering buy now, pay later (BNPL) service provider in the country.
On Home Credit Cash Loans
Home Credit has enabled Filipinos to gain more access to financial solutions by allowing their customers with good payment histories to apply for a cash loan. It has distributed over 1.8 million cash loans to its customers to date. 90% of contracts are signed digitally, and 20% of applications are completed using the My Home Credit app.
“Home Credit always aims to support Filipino consumers by being with them in their life
situations and milestones. Our Cash Loan offering is another product we give to our existing
customers to help them to be more financially capable. We pride this product as the most
flexible cash loan offering in the market, tailored fit to customers’ needs, and having the fastest
approval and disbursement in 1 minute.” said Petr Lukosz, Chief CRM Officer of Home Credit Philippines.
Home Credit claims to have the fastest cash loan approval and disbursement time in the market, at 1 minute. Clients can benefit from Cash Loan options ranging from PHP 3,000 – PHP 150,000 with payback terms ranging from six to 48 months.
Nurturing relationships, building protection
Home Credit offers assistance to provide its consumers with the best possible protection. They can choose from a variety of protection packages, including Device Protection, which can be upgraded with an extended warranty for accidental damage protection; Extra Care for payment flexibility; Home Content to protect and cover home belongings from any unfortunate incidents; and an innovative Personal Payment Protection, which includes unlimited telemedicine service, death and accident coverage, and medical reimbursement.
Para sa Life, and Home Credit on addressing ESG
Home Credit, as every Filipino’s lifestyle partner, remains committed to its purpose of enabling Filipinos, Para sa Life. The organization has prioritized financial literacy, which matches with Home Credit’s mission of addressing environmental, social, and governance issues (ESG). Committing to a greener world by saving 30 million sheets of paper in total transactions as a result of its digitizing project. The company also promotes equity by increasing purchasing power for women, who make up 52% of its client base.
Wais sa Home, Home Credit’s main financial literacy program, touched more than 20 million Filipinos across the nation last year. It has spurred onsite financial literacy programs in many provinces, particularly in Pampanga, Iloilo, Guimaras, Capiz, Antique, and Aklan regions.
Home Credit, as the industry leader in consumer finance, finds strength in the strong ties it has created among stakeholders and consumers. With its commitment to innovation, client happiness, and financial inclusion, the company wants to become a standard in the consumer finance market in its tenth year in the Philippines.
