Ready your wish list—the biggest shopping month of the year is coming this September with Home Credit’s Hulugan Knockout promo. Every weekend of the month, you can drop by the partner stores nearest you and get a 5% discount on the price of the item you want on top of paying for it in easy monthly installments. Prefer a 0% interest deal instead? You can get this on select items as well! Just pay the downpayment and go home with your item. Now isn’t that the best pre-Christmas shopping gift ever?
Managing a home can be challenging. Whether you’re someone trying to live solo for the first time or an experienced homemaker moving into a new abode, you have to prepare yourself for some amount of trouble-shooting at your home – loose pipes, a wall that needs to be repainted, a table with a loose foot, the likes. While it’s easier to hire or ask someone to help you out, this isn’t always convenient for your wallet and on situations when you need to have something fixed ASAP.
Home Credit, a Prague-based Fintech company that allows consumers to purchase smartphones and other goods on installment even without a credit card, celebrated a big milestone recently as it reached the one million customer mark, less than five months after reaching 600,000, and less than four years since serving their very first customer.
“In Home Credit’s four years so far in the country, we have observed that Filipinos tend to have a very positive attitude, and this is also true when it comes to buying goods. And often, they buy things not just for personal enjoyment, but also for enriching their lives and their loved ones,” explained Home Credit Philippines’ CEO Annica Witschard.
“So more than simply providing fast and affordable loans, we are able to help enrich the lives of our customers and the people that matter most to them. And we are glad to be able to do this for one million happy customers and counting,” she added.
Have you ever borrowed money before? Say, from a friend, a credit card company, bank loans, etc? I’m sure at one time or another most of us have. It’s nothing to be ashamed of, really. But it would be shameful of you not to repay the loan, right? As per Bangko Sentral ng Pilipinas, nearly 50% of adult Filipinos have an outstanding debt, while another 33% had borrowed money in the past.
Out of these borrowers, there is a growing segment that has taken loans from lending or financing companies. And it’s hard not to see why these “non-traditional” consumer finance companies are growing in popularity: for one thing, their requirements are usually much fewer than what banks ask for, and the approval process itself tends to be pretty fast, too.