Home Credit smartphones financing empowers 12 million Filipinos
Home Credit Philippines (HCPH), the country’s top consumer finance provider, revealed that it has already financed 2.5 million smartphones since January 2024. That translates to about 5,000 Filipinos taking home a new device daily by August 2025.
This milestone was announced during its event, Future Focus: Building Tomorrow Together. The company also highlighted its strong growth in other categories like appliances, mobility, and insurance, showing how far it has come since opening its first booth in 2013. From just 33 customers that year, Home Credit now serves over 12 million Filipinos nationwide.
Chief Sales Officer Puneet Suneja emphasized the company’s mission. “From 33 customers from our first day to 12 million we’ve served today, every milestone reflects our mission of making modern living more attainable.”
Smartphones and Premium Choices
Financing for iPhones continues to dominate. Home Credit disbursed ₱10 billion worth of iPhone financing in 2024. This is projected to double, hitting ₱20 billion by the end of 2025.
Home and Comfort
Home Credit also makes comfort more accessible. During peak season, it financed an average of 700 refrigerators, 1,400 televisions, and 1,100 air conditioners daily. These purchases reflect the growing demand for modern living at home.
Mobility and Independence
The Philippines is the world’s fifth largest motorcycle market. Home Credit financed nearly 70,000 motorcycles and e-bikes since 2024, totaling ₱4.5 billion. This gives Filipinos affordable access to mobility for work, family, and leisure.
Protection for Customers
With Home Credit Protect, customers gain coverage for as low as ₱3 a day. Borrower Protection includes accident, illness, and installment waiver benefits. Device Protection covers damage, extended warranty, and replacements. So far, ₱1.75 billion in claims have been released, with nearly 70,000 devices repaired or replaced.
Driving Growth Nationwide
Chief Marketing Officer Sheila Paul shared that Home Credit is on track to exceed last year’s performance. She said the company not only empowers individual customers but also contributes to the economy by fueling digital adoption and consumer activity.
