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Home Credit Philippines marks 10th anniversary

HCPH has consistently innovated its services to offer customers fast and convenient credit access, enabling them to pursue the life they desire. Home Credit has also taken strides to enhance its product and service offerings to adapt to the ever-evolving needs of consumers. 

Home Credit Philippines (HCPH), one of the Philippines’ leading consumer finance companies, is celebrating its 10th anniversary of delivering Isang Dekadang Saya to the Filipinos. Launched in 2013, the country’s trusted financial ally has now served over 10 million customers and has stood as a lifestyle partner of the Filipinos through a continuous journey of innovation and financial opportunities.  

With this commitment to providing Filipinos access to easy and trusted financial options, HCPH has consistently innovated its services to offer customers fast and convenient credit access, enabling them to pursue the life they desire. Home Credit has also taken strides to enhance its product and service offerings to adapt to the ever-evolving needs of consumers. 

In celebration of its 10th year of being the financial ally to many, here are the five innovative ways Home Credit has given the Filipinos’ opportunities to embrace the quality of life they want.  

Fast approval time 

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As a lifestyle partner, Home Credit is known for its fast product installment approval process to ensure that individuals can easily realize their needs. When the company established its presence in the country in 2013, the approval process took 20 minutes, a processing time that was further reduced to just 10 minutes in 2016.  

Today, Home Credit has reached new heights by providing a remarkably convenient one-minute approval for product loans. This fast service only requires one valid identification card and is available at over 15,000 outlets across more than 75 provinces nationwide. With this efficient service, Filipinos can achieve their desired lifestyle with less hassle and quickly.  

One-stop destination for lifestyle products 

To cater to the changing consumer needs, the company continues to broaden its range of point-of-sale offerings, making sure that Filipinos have access to a comprehensive selection of products. Initially, Home Credit began with just four pilot commodities: televisions, computers and laptops, mobile phones, and home appliances.  

The company has since expanded its offerings to encompass an array of commodities, including bikes, musical instruments, furniture, dental care, cosmetic care and optical services. It also caters to sporting goods and hardware tools, and car repair and maintenance. This establishes Home Credit as a one-stop shop for a wide range of lifestyle products, showcasing over 6,000 partner brands and retailers. 

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First non-bank financial institution to issue credit cards  

In its effort to deliver world-class consumer finance services to Filipinos, Home Credit has achieved a significant milestone in 2019 by becoming the first standalone non-bank institution approved by the Bangko Sentral ng Pilipinas to issue credit cards in the country.  

This achievement allows Filipinos to enjoy secure transactions, to empower their lifestyles. Home Credit Card is widely accepted by VISA-affiliated merchants across the globe. 

More innovative solutions, services to empower Filipinos’ lives 

When the pandemic happened in 2020, Home Credit swiftly adopted new ways to better serve customers who were increasingly turning to digital means to meet their needs. This was when the company unveiled the My Home Credit App, equipped with various features designed to cater to consumers’ financial needs anytime and anywhere.  

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With this app, consumers can easily apply for product and cash loans from the comforts of their homes. As it is integrated with the website shoppingmall.ph, Filipinos can also effortlessly browse and purchase gadgets and appliances with just a few taps.  

Additionally, the app provides access to Home Credit Qwarta, a virtual credit line, offering users additional financial flexibility. Qualified Home Credit customers can also utilize their Qwarta to purchase loads with discounts, settle bills with over 200 billers, and even make payments for items via QR codes for a hassle-free shopping experience. 

An advocate of financial literacy 

In addition to providing access to financial services, Home Credit is also committed to advancing financial literacy in the country. In 2016, the company initiated its Juan, Two, Three Financial Literacy Program, designed to impart fundamental financial management knowledge to diverse barangays across the nation. Building on this foundation, Home Credit introduced its Wais sa Home: Financial Literacy and Consumer Protection Program in 2022, which encompassed a multi-faceted approach to promoting financial literacy. This initiative covered different platforms, including online, on-air, and on ground. With this initiative, the company reached 20 million Filipinos nationwide. 

Indeed, Home Credit has witnessed significant growth over the years. While it continues to evolve, the company remains dedicated to empowering Filipinos financially, continuously enhancing many lives along the way. 

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