Before its 12th year anniversary in the country, Home Credit Philippines (HCPH) announced that they have reached the milestone of helping more than 12 million Filipinos in acquiring products and services. A majority of these products were smartphones.
The lending company said in its Future Focus: Building Tomorrow Together event that they have financed 2.5 million smartphones since the begining of 2024. That’s an average of 5,000 mobile devices per day by August 2025.
As per their data, iPhones continue to be the most loaned product at HCPH. The company said that financing for these phones reached Php10 billion in 2024.
They expect to hit Php20 billion by the end of 2025, especially with the recent release of the iPhone 17, iPhone 17 Pro and Pro Max, and the all-new iPhone Air.
Apart from smartphones, household items are popular among Home Credit customers in the country.
During the peak season, HCPH have financed an average of 700 refrigerators, 1,400 TVs, and 1,100 air conditioners per day.
They also started catering to motorcycle and e-bike customers. Since 2024, HCPH have financed close to 70,000 two-wheel vehicles, totaling to about 4.5 billion.
HCPH also started offering a service called Home Credit Protect with options such as Borrow Protection that covers accidents, life, illness, hospital cash, installment waiver, unlimited online consultation, and protection for borrowers and their families.
There’s also the Device Protection that covers accidental liquid damage, provides extended warranty, convenient door-to-door repair and replacement, and like-for-like device replacement.
HCPH have already approved and released over Php10.75 billion claims and have repaired or replaced nearly 70,000 devices under its Home Credit Protect program.
Since opening its first booth with only 33 customers in 2013, HCPH have grown as one of the top consumer finance provider in the country. They have now 18,000 partner stores with 10,000 sales associates scattered across the Philippines.