Home Credit

Home Credit Philippines Krungsri MUFG

Published

4 months ago

June 9, 2023

Leading consumer finance company Home Credit Philippines (“HC Consumer Finance Philippines, Inc.”) today announced its new shareholders following the completion of its acquisition by Krungsri (“Bank of Ayudhya PCL”), the fifth largest financial group in Thailand and Mitsubishi UFJ Financial Group (“MUFG”), a global financial leader from Japan.

The deal was completed with a base value of EUR 406 million (PHP 24.4 billion).The final consideration is subject to one-to-one adjustment based on the equity book value at closing of the transaction.

PPF Group the parent company of Home Credit Philippines based in Czech Republic sealed an agreement with MUFG and Krungsri to acquire Home Credit Philippines. Krungsri holds the majority stake of 75% and MUFG the remaining 25%.

“We are pleased to announce the handover of Home Credit Philippines to our new shareholders Krungsri and MUFG, both market leaders in the financial industry. Together with our new shareholders, we are opening the next chapter for Home Credit Philippines, building on the high performance that we have set over the past nine years. We are optimistic of our future together,” shared David Minol, Home Credit Philippines’ CEO.

“The acquisition of Home Credit Philippines is a testament to the strong business it has established in the country and the growth opportunity that Krungsri and MUFG have seen for the company to further expand and maintain its dominance in the local consumer finance market,” Minol added.

“I want to put on record, our congratulations to our colleagues at Home Credit Philippines for an incredible job well done,” said Home Credit Group CEO, Radek Pluhar. “Together, we have empowered nearly 10 million Filipinos to access the formal economy, via our innovative products and services. We are proud of these achievements and will be watching the company’s future growth with interest.”

The company has grown to become a market leader having the widest distribution network of more than 15,000 stores nationwide. This allowed Home Credit Philippines to acquire a growing customer base of almost 10 million as of date in its nearly 10 years of operations in the country.

Krungsri President and Chief Executive Officer Kenichi Yamato said, “With the acquisition of Home Credit in the Philippines, we have achieved another significant milestone in our ASEAN expansion strategy through the successful execution of our medium-term business plan. By incorporating Home Credit in the Philippines into its portfolio, the Bank aims to cater to the evolving financial needs of consumers with a full range of innovative consumer finance products and services. Building upon its strong presence in the high potential country, this acquisition further solidifies Krungsri’s position as a leading financial institution in ASEAN.”

“With the expertise and extensive experience, Krungsri, together with Home Credit, is well-positioned to capitalize on the growing demand for consumer finance solutions and reaffirms its commitment to providing suitable products and services that empower individuals and drive sustainable growth in the market.”

This transaction is set to bolster the business operations of Home Credit Philippines as it continues to provide more Filipinos access to credit while building on Krungsri’s expertise as one of Thailand’s finance leaders.

Home Credit Philippines is expected to retain its brand and continue its usual operations under the same local leadership team, with guidance from Krungsri. The company aims to further grow its consumer finance portfolio as it synergizes with both banks.

Learn more about the latest updates of Home Credit by visiting its official website www.homecredit.ph. Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and by the Bangko Sentral ng Pilipinas (BSP).

Home Credit

Turn Your iPhone 11 Dream to Reality with Home Credit

Published

3 weeks ago

September 13, 2023

Jervie David Montejar

Extended by popular demand until Sept 30, don’t miss the chance to enjoy the amazing 0% interest promo to experience the incredible smartphone

In today’s digital world, smartphones have become essential tools in our everyday lives. These pocket-sized devices, equipped with impressive technology and features, empower us in everything we do—whether it is enhancing our productivity, providing seamless access to information and fast communication, delivering entertainment, and more.

However, when purchasing these everyday companions, the costs often depend on their built-in features. The more powerful the device, the higher its price. But let’s admit that these smartphones are ideal in our daily hustle, as they boast cutting-edge specifications capable of seamlessly meeting our daily requirements without slow response times, especially when multitasking.

Realize your dream with Home Credit

The great news is that, even if you are on a budget, you can now turn your dream of owning an exceptional device like the iPhone 11 into reality with the help of Home Credit. You can avail of this outstanding smartphone from the leading consumer finance company with 0% interest, enabling you to enjoy staggered payment without additional charges so you will not strain your finances.

This amazing promo has been extended by popular demand until September 30, allowing you to take advantage of 6-, 9-, or 12-month installment plans when purchasing the iPhone 11’s 128GB or 64GB variant. Depending on your chosen payment duration, your dream phone can cost as little as PhP52 per day, making it a more affordable and worthwhile investment.

Built with extraordinary features and capabilities, discover how the iPhone 11 can support your day-to-day hustle.

Equipped with powerful performance for effortless grind

The iPhone 11 is powered by an A13 Bionic chip that delivers excellent performance so you can breeze through your daily tasks. With this processor, you can smoothly switch between apps without concerns about delayed responses. Additionally, as it features a powerful neural engine, you can enjoy real-time photo and video analysis to guarantee top-notch content quality.

This processor is paired with the iOS 13 operating system to provide an incredible user experience in your everyday grind. This operating system supports a dark mode feature and delivers a more secure way of accessing apps and websites.

For all-day performance, the iPhone 11 is equipped with a 3110mAh battery. This capacity can give you up to 65 hours of audio playback or 17 hours of continuous video watching. You also do not have to worry about longer charging time, as it has a fast-charge capability. In just 30 minutes of powering up with a 20W adapter or higher, you can have up to 50% battery energy, reducing your downtime using the device.

Built with an enduring design for long-lasting use

To ensure a long-lasting device you can use, the exceptional smartphone boasts a design with enduring quality. It exhibits a water-resistant design with an IP68 rating, capable of withstanding accidental spills and even submersion in up to two meters of water for half an hour. Its back design also showcases a glass piece meticulously crafted and shaped to provide the most resilient glass cover. This comes in six eye-catching colors: Black, Green, Yellow, Purple, Red, and White.

Packed with other remarkable features for everyday use

The iPhone 11 also has a dual-camera system with 12MP Ultra-Wide and Wide lenses to capture crystal-clear photos and videos. Additionally, it supports a 6.1-inch Liquid Retina screen with a 1792×828 resolution for immersive viewing. This is complemented by spatial audio, supported by Dolby Atmos, to deliver you a next-level sound experience.

Seize this opportunity today! Get your iPhone 11 through Home Credit now and realize your dream of having a remarkable device to empower your everyday hustle.

To know more about the latest updates from Home Credit Philippines, visit its official website, www.homecredit.ph. You may also follow its official Facebook, Instagram, and TikTok accounts. Customers are also encouraged to download the My Home Credit App on Google Play to learn more about the latest promos and see what’s new in the Marketplace. 

Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP). 

Home Credit

Home Credit Gadgets Back to School Promo

Published

4 weeks ago

September 2, 2023

Jervie David Montejar

With the new school year ahead, parents, especially moms, are taking charge of preparing everything their kids will need to equip them with essential tools this back-to-school season. However, as we embrace the era of modern learning, where technology has taken center stage in driving students’ education, providing them with the right study devices is no longer a luxury but a necessity.

Luckily, getting these devices does not require breaking the bank, as Home Credit is the key to availing these gadgets in low monthly installment plans with 0% interest.

From budget-friendly laptops under PhP1,499 per month to ‘sulit’ study tablets for schooling below PhP999 per month, the leading consumer finance company offers a wide range of options you can choose from to provide your kids with an efficient partner this academic year. Some of these options include:

ASUS Ryzen 3 Laptop: A reliable learning companion

First on the list of value-for-money laptops below PhP1,499 per month is the ASUS Ryzen 3 Laptop. Equipped with an AMD Ryzen 3 processor complemented by 8GB of RAM, this ASUS laptop can easily handle everything without lags—whether it’s taking notes, conducting research, working on assignments and projects, or accessing learning platforms.

This device also comes packed with 256GB of storage to provide your kids with enough space to save their school files and necessary applications. Additionally, it boasts a 14-inch display and weighs only 1.60kg, making it an excellent choice for students who are always on the go.

HP 15S i3 Silver Laptop: An efficient partner for school tasks

Another option is the HP 15S i3 Silver Laptop, which you can also get for less than PhP1,499 per month. Powered by an Intel Core i3-1115G4 processor supported by 8GB of RAM, this laptop enables your kids to multitask easily, providing them with an efficient learning partner.

Built with a 512GB capacity for substantial storage and featuring a Windows 11 operating system, this HP laptop allows your kids to navigate it easily thanks to its user-friendly interface. With a 15.6-inch display, this device weighs only 1.7kg, providing a lightweight laptop that your kids can easily take to school.

Acer Aspire 3 i3: The perfect laptop to empower productivity anytime, anywhere

Next on the list of laptops below PhP1,499 per month is the Acer Aspire 3 i3. Packed with an Intel Core i3-1215U processor and partnered with 8GB of RAM, this device can smoothly handle basic school tasks like web browsing, opening documents and files, and much more.

Apart from that, this Acer laptop features a 512GB internal capacity, offering ample storage for your kids throughout the school year. Additionally, the device boasts a 15.6-inch display for comfortable viewing of study materials. With an approximate weight of 1.78kg, it is easy to carry.

Realme Pad 32GB/3GB Tablet: A reliable device to work around daily tasks

If you are looking for more portability for your kids, a tablet is the right fit. For this purpose, Home Credit offers a wide array of tablets to choose from, all below PhP999 per month. One of these options is the Realme Pad 32GB/3GB Tablet.

Built with a Helio G80 processor and 3GB of RAM, this budget-friendly tablet provides efficient performance that your kids can rely on when working on their school tasks. With a 32GB internal capacity, it offers enough storage to keep your kids’ notes, digital materials, and educational apps throughout the academic year.

For a more reliable device, this Realme tablet carries a substantial 7100mAh battery, providing students with enough power every day. It supports an 18W Quick Charge to easily recharge the battery, minimizing downtime for your kids while completing their assignments and projects on time. Sporting a 10.4-inch display and a lightweight design that weighs only 0.44kg, it is highly convenient.

Samsung Galaxy Tab A8 LTE: The ultimate companion for everyday school activities

Expanding your options for tablets below PhP999 per month is the Samsung Galaxy Tab A8 LTE. Powered by an Unisoc Tiger T618 processor with 4GB of memory, this Samsung tablet offers exceptional performance for your kids’ day-to-day tasks.

These features are complemented by 128GB of internal storage, expandable with a microSD card of up to 1TB, ensuring that storing large files is never a problem. With a 10.5-inch screen and a 7040mAh battery capacity, this tablet provides your kids with an exceptional learning companion.

Furthermore, it includes a built-in screen recorder, enabling students to record live online classes and review them at their convenience. It also offers safety features like Samsung Kids, which allows your children to explore and connect to the Internet securely.

Huawei Matepad T10 LTE: The enabler of improved productivity

Another tablet below PhP999 per month, available via Home Credit, is the Huawei Matepad T10 LTE. Equipped with a Huawei Kirin 710A processor, this device delivers seamless multitasking, allowing your kids to switch smoothly from one app to the next without experiencing slow response times. This is supported by 2GB of RAM and 32GB of internal storage, contributing to better overall performance.

The Huawei Matepad T10 LTE also boasts a generous 5100mAh battery capacity, providing enough power for your kids to complete their tasks throughout the entire day. The Huawei Matepad also features a 9.7-inch HD screen for incredible viewing and weighs only 450g, ensuring easy portability for your kids.

Empower your children’s school year now with ‘sulit’ study laptops and tablets! Don’t miss out on Home Credit’s back-to-school promotion, offering staggered payment options with 0% interest to provide your kids with the learning partner they deserve!

Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).

Home Credit

Budgeting Tips: How to Manage Expenses this Back-to-School Season

Published

2 months ago

August 5, 2023

Jervie David Montejar

Home Credit eligible customers can enjoy its back-to-school cash loan promo with just 1 minute processing time until August 31, 2023

With the new academic year just around the corner, most parents, especially moms, are gearing to ensure a smooth back-to-school season for their kids. This entails making sure that tuition fees and miscellaneous expenses are settled in time for the beginning of classes while providing everything they will need, including textbooks, pens, paper, uniforms, and even gadgets, to be equipped with the right tools for their school tasks.

However, the overall cost of these back-to-school needs can strain your finances, especially when you have a fixed monthly income. This is why it is crucial to manage your expenses properly. As this task can be quite challenging, here are some smart budgeting tips you can apply to avoid overspending in the upcoming school year.

These tips are provided by Home Credit, a leading consumer finance company.

Establish a list of school essentials, other important expenses

Creating a detailed list provides an overview of the essential items your kids will require and the fees you need to pay for the upcoming academic year. This allows you to prioritize what back-to-school needs should be taken care of first while not missing out on anything important.

Before finalizing your list, do not forget to check your kids’ school supplies from the previous school year. Once you determine which items can be reused this season, you can check them off to avoid unnecessary expenses.

Determine your budget

Now that you have a comprehensive list for the back-to-school season, you can start looking over or estimating the costs of everything your kids will need. From there, you can establish a realistic budget based on your financial capabilities. This allows you to better manage your finances and make informed shopping decisions.

Take advantage of deals, discounts

Sales and discounts can significantly reduce the total cost when you are shopping for supplies. Taking advantage of such offers will allow you to save more money without compromising the quality of the items. At this period, you can also buy in bulk so you will have a stock of school supplies to last the whole academic year, minimizing your kids’ school expenses in the long run. Additionally, this will enable you to stretch your budget further to purchase additional items for your kids or redirect the saved funds to other essential expenses at home.

The key to your back-to-school budget!

If you are looking for a convenient and reliable solution for your budget in preparation for the upcoming academic year, Home Credit has you covered, as it offers a back-to-school cash loan promo for its eligible customers until August 31, 2023.

By visiting the My Home Credit App, you can now easily apply for a cash loan anytime and anywhere. With just one minute of processing time, you can avail a minimum of PHP 3,000 up to PHP 150,000 loan amount to cover your kids’ expenses this season—be it tuition fees, school supplies, and more. You can also enjoy flexible payment options that range from 12 to 60 months and get up to five months of free installments if you are an eligible customer who pays on time.

You are qualified to get this promo if your account is active and in good credit standing during the offer period. You can also enjoy Home Credit’s ongoing promotions even after participating in the back-to-school cash loan promo.