Home Credit Philippines (HCPH), one of the Philippines’ major financial companies, celebrates the 10th anniversary of delivering Isang Dekadang Saya to Filipinos. Launched in 2013, the country’s trusted financial ally has already serviced over 10 million consumers and has stood as a lifestyle partner of Filipinos through a continual journey of innovation and financial opportunity.
With this continuous dedication to providing Filipinos with simple and trustworthy financial solutions, HCPH has consistently innovated its services to provide consumers with quick and easy credit access, allowing them to live the life they want.
Home Credit has also made efforts to improve its product and service offerings to meet the ever-changing demands of consumers.
In celebration of its 10th year as a financial ally to many, here are five unique ways Home Credit has provided chances for Filipinos to embrace the kind of life they desire.
Fast approval time
Home Credit, as a lifestyle partner, is known for its quick product installment approval procedure, which ensures that consumers may quickly fulfill their desires. When the corporation first established a foothold in the nation in 2013, the clearance procedure took 20 minutes, which was lowered to 10 minutes in 2016.
Today, Home Credit has achieved new heights by offering a remarkable one-minute approval for product loans. This quick service takes only one valid identification card and is offered at over 15,000 outlets throughout more than 75 regions around the country. With this effective service, Filipinos may reach their desired lifestyle with less effort and in less time.
One-stop destination for lifestyle products
To meet growing customer demands, the company continues to expand its point-of-sale offering, ensuring that Filipinos have access to a diverse assortment of products. Initially, Home Credit only offered four pilot products: televisions, PCs and laptops, mobile phones, and home appliances.
Since then, the company’s product line has grown to include bicycles, musical instruments, furniture, dental care, cosmetic care, and optical services. It also sells sports goods and hardware tools, as well as auto repair and maintenance.
This positions Home Credit as a one-stop shop for a diverse selection of lifestyle products, with over 6,000 partner brands and retailers.
First non-bank financial institution to issue credit cards
Home Credit, with its goal to provide world-class consumer financial services to Filipinos, reached a critical milestone in 2019 by becoming the country’s first independent non-bank organization recognized by the Bangko Sentral ng Pilipinas to issue credit cards.
This achievement enables Filipinos to engage in safe transactions, hence empowering their lifestyles. VISA-affiliated retailers worldwide accept the Home Credit Card.
More innovative solutions, and services to empower Filipinos’ lives
When the pandemic happened in 2020, Home Credit acted quickly to implement new methods of serving consumers who were increasingly resorting to digital means to meet their demands. This is when the company launched the My Home Credit App, which includes a variety of services geared to meet users’ financial requirements at any time and from any location.
Consumers may use this app to apply for product and cash loans from the comfort of their own homes. Because it is connected with the website shoppingmall.ph, Filipinos can easily explore and purchase goods and appliances with only a few clicks.
In addition, the app gives users access to Home Credit Qwarta, a virtual credit line that provides them with more financial freedom. Qualified Home Credit clients may also use their Qwarta to purchase discounted loads, settle debts with over 200 billers, and even pay for things using QR codes for a hassle-free shopping experience.
An advocate of financial literacy
Home Credit is committed to increasing financial literacy in the country in addition to offering access to financial services. In 2016, the business launched the Juan, Two, Three money Literacy Program, which aims to teach basic money management skills to barangays around the country.
Building on this basis, in 2022, Home Credit launched its Wais sa Home: Financial Literacy and Consumer Protection Program, which included a multifaceted approach to teaching financial literacy. This project spanned several media, including online, on-air, and on the ground. The company addressed 20 million Filipinos nationally with this effort.
Indeed, Home Credit has grown significantly throughout the years. While it evolves, the organization is committed to financially empowering Filipinos and improving many lives along the way.
Visit Home Credit Philippines’ official website, www.homecredit.ph, to learn more about the latest updates. You may also follow the company’s official Facebook, Instagram, and TikTok pages. Customers are also invited to download the My Home Credit App from Google Play to discover more about current promotions and what’s new in the Marketplace.
The Securities and Exchange Commission (SEC) and the Bank of the Philippines (BSP) have both licensed and supervised Home Credit Philippines.