Smartphones made accessible: Home Credit finances 5,000 daily in the Philippines

The country's leading consumer finance company, Home Credit, shared that the company has helped finance 5,000 daily smartphones in the Philippines.

Photo during the Home Credit Future Focus event

Home Credit finances 5,000 smartphones daily in the Philippines

At its recent Future Focus: Building Tomorrow Together event, the company announced that it has financed 2.5 million smartphones since the start of 2024, with an average of 5,000 devices per day by August 2025.

5,000 smartphones daily

Home Credit also shared strong growth across other product categories and has helped more than 12 million Filipinos access essential products and services, from smartphones and appliances to mobility and insurance.

Since opening in 2013 with only 33 customers, Home Credit is now the country's leading finance provider with 18,000 partner stores and 10,000 sales associates reaching millions of customers nationwide.

Our journey has always been about empowering Filipinos to achieve more, said Puneet Suneja,  Chief Sales Officer of HCPH.

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—whether  through a smartphone, a home appliance, or mobility solutions.

Premium Smartphones Made Affordable for Every Filipino 

For smartphones, iPhones remain the top pick among users seeking upgrades, with smartphone financing hitting PHP 10 billion in 2024. This is projected to double to PHP 20 billion by the end of 2025.

Meanwhile, during Home Credit's peak season, the company has financed an average of 700 refrigerators, 1,400  televisions, and 1,100 air conditioners per day.

Home Credit also makes motorcycles and e-bikes more accessible through flexible financing options. Since the start of 2024, HCPH has financed close to 70,000 units of motorcycles and e-bikes, amounting to  PHP 4.5 billion.

Moreover, the company also introduced Home Credit Protect, a comprehensive program designed to give customers peace of mind without added financial strain.

Meanwhile, they also have Borrower Protection, which covers accidents, life, illness, hospital cash, installment waiver,  unlimited online consultations, and protection for borrowers and their families.

Device Protection, on the other hand, safeguards against accidental liquid damage, offers extended warranty, fast door-to-door repair or replacement, and like-for-like device replacement.

For as low as PHP 3 a day, the same price as a pandesal, customers can protect their purchases,  extend product life, and secure coverage for themselves and their families. With Home Credit  Protect, they don’t just safeguard their devices; they gain confidence knowing they and their loved ones are covered, Suneja explained.  

By August 2025, Home Credit had disbursed over PHP 1.75 billion in claims through Home Credit Protect, with nearly 70,000 devices repaired or replaced—underscoring strong customer confidence in the program.

With our scale and expertise, Home Credit is not only serving individual customers but also contributing to economic activity, said Sheila Paul, Chief Marketing Officer of HCPH.

We are on  track to exceed last year’s performance and will continue supporting a new generation of Filipinos  seeking access to technology, comfort, and convenience in everyday life.

To know more about Home Credit, visit this link.