With nearly 11 million customers since its inception in 2013 and over P350 billion in loans disbursed to date, Home Credit Philippines (HCPH), the leading consumer finance company in the Philippines, continues to develop innovative financial solutions and lending options, empowering Filipinos to achieve their goals achieve and live a more fulfilling life.
Meeting the changing needs of Filipinos
HCPH has consistently adapted to the changing financial landscape, offering various credit products and value-added services. From product installments and cash loans to credit cards and Home Protect (coverage plans), HCPH meets the evolving financing needs of Filipinos and ensures they have access to the financial solutions they need at different stages of their lives.
“In our 11th year and having served nearly 11 million customers, Home Credit is continuously committed to being the financial ally of every Filipino and supporting them at every stage of their lives. We have diligently expanded our sales network nationwide, reaching 75 of the 81 provinces to make our solutions accessible to those who need them most,” said David Minol, Chief Executive Officer of HCPH.
Responsible lending and building trust
HCPH is a champion of responsible lending practices. Combined with flexible repayment options and a commitment to fostering healthy relationships between borrowers and lenders, the company has earned the trust of its growing customer base.
The 2022 acquisition of Home Credit Philippines by Krungsri (Bank of Ayudhya PCL), Thailand’s fifth-largest bank, and Mitsubishi UFJ Financial Group (MUFG), Japan’s largest banking group, furthers the company’s mission to empower more Filipinos to empower significantly strengthened. This strategic partnership has given HCPH access to substantial financial resources, allowing for a stronger commitment to expanding access to credit opportunities to more Filipinos. Furthermore, the infusion of expertise from these global financial giants is poised to further HCPH’s growth trajectory.
HCPH is also a trusted partner for an extensive network of renowned local and international banks. These partnerships are a testament to its longstanding credibility as a major player in the Philippine consumer finance landscape.
A wide range of financed products
HCPH has also significantly expanded its product portfolio. Initially financing only four types of products (smartphones, televisions, computers and laptops), the company now offers more than 80 types of commodities, the largest offering of any consumer finance company in the Philippines. This includes tablets, e-bikes, motorcycles, musical instruments, furniture, agricultural equipment, medical needs and more.
Understanding the critical role of motorcycles in transportation and delivery services in the Philippines, HCPH launched its first-ever motorcycle financing program in partnership with Emcor Philippines, a leading motorcycle retailer.
Promoting innovation and digital inclusion
HCPH prioritizes a seamless and user-friendly customer experience through technology and digital channels. The Home Loan app acts as a central hub, providing customers with access to services, retailer information, available products and repayment plans. This app marketplace also benefits retailers, many of which are MSMEs, by promoting their businesses and facilitating customer browsing, price comparisons and loan eligibility checks.
In line with the government’s digital payment initiatives, the app enables customers to pay bills and purchase loads with ease. This digital transformation underlines HCPH’s commitment to innovation and advancing a more inclusive financial landscape.
Additionally, HCPH introduced Shoppingmall.ph, an online marketplace where customers can browse over 50,000 deals from over 500 sellers, helping them find the products they need at the best prices, and from their favorite partner stores from its 15,000+ network nationwide from HCPH.
Looking ahead: a decade of continued growth
As HCPH enters a new decade, the company remains committed to empowering Filipinos through a broader range of financial solutions, more retail locations, innovative technologies and customer-centric services. The company strives to make credit more accessible and stay true to its core value of being the financial ally of every Filipino, for life (for life).
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