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Home Credit is celebrating its 8th Anniversary

Home Credit Philippines (HCPH) is a consumer finance provider that promotes the principles of financial inclusion and safe lending, providing world-class financing services to qualified customers, often first-time borrowers. It arrived in the Philippines in 2013 with the ambitious goal of giving out loans to people who have never experienced them before. In 2019, the company was granted the license to operate as a credit card issuer by Bangko Sentral ng Pilipinas (BSP), which made it the first non-bank institution in the country to issue credit cards. Currently, as the consumer finance landscape continues its shift to digital, HCPH has transformed into a company that is wherever the customers are, whether in physical stores or shopping from home. With the Home Credit app, HCPH continues to expand its digital and online presence.

Home Credit introduced a lot of firsts to the Philippine market, and this is a testament of how well we anticipate the needs of the consumers and continue to innovate our services and offerings to meet those demands. Having evolved over the past 8 years, we want to offer a 360° service and be your go-to partner for all your financial needs” said David Minol, Home Credit PH Chief Executive Officer (CEO).

home credit 8 mall to mobile ignition ph

From Malls to Mobile, Home Credit is redefining the BNPL experience

Celebrating its 8th year in the Philippines, HCPH continues to serve the unbanked and underbanked segment of society, and its one-minute approval for loan applications is known as the fastest in the industry. Just like how credit cards work, HCPH allows its customers to  “buy now, pay later” and despite the term finding its fame during the pandemic, it’s actually a relatively old concept which Home Credit has long been considered a pioneer and leader of in this industry.

Recent developments in the services of Home Credit include the introduction of the new services in-app:

  • Marketplace. Marketplace is the one-stop-shop to browse big-ticket items, compare deals and products, and apply for loans, all within the app. Redefining the traditional way of shopping and the buy now pay later experience of Filipino consumers, they are the first consumer finance provider to offer pre-approval in the mobile app.
  • Qwarta. Beyond offering easy installments, Home Credit now also offers an easy payment option where customers will be given as much as Php 10,000 additional spending limit within the app to increase their purchasing power. Qwarta can be used to pay bills without additional cost, shop or buy load with discounts, or purchase via QR Code.
  • Other Services. It is now possible to purchase load from all networks, pay over 200 billers, and scan QR codes at 50,000+ partner brands and merchants nationwide using the app. Customers can enjoy up to 50% off through its SMILE discounts program.

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From Malls to Mobile, Home Credit is redefining the BNPL experience

Going beyond loans, Home Credit has also been sponsoring a financial literacy campaign that has evolved through the years. For the longest time, they have made it their purpose to teach the basics of budgeting and saving to ordinary Filipinos through the ‘Juan, Two, Three‘ campaign. Staying true to this mission but having in mind the effects of the pandemic, they started leveraging their digital platforms to deliver financial literacy concepts through their official website, social media accounts, and mobile app – this time under their newest program dubbed as “DigitizEd”.

For more information about Home Credit, visit www.homecredit.ph.


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