Home Credit Philippines (HCPH), the country’s leading consumer finance company, has reached a major milestone by helping more than 12 million Filipinos access essential products and services as of August 2025. This achievement comes ahead of its 12th anniversary, highlighting its growth from a small retail booth in 2013 to a nationwide financial partner trusted by millions.
From 33 Customers to 12 Million
When Home Credit first entered the Philippine market in 2013, it began with just 33 customers. In just over a decade, it has expanded into the country’s most prominent consumer finance provider, reaching millions through 18,000 partner stores and supported by a dedicated team of more than 10,000 sales associates.
“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.”
David Minol, Chief Executive Officer of Home Credit Philippines, also emphasized the significance of this milestone. “Reaching 12 million customers is more than just a number—it’s a reflection of the trust Filipinos have placed in us. We’ve seen a significant increase in new customers compared to last year, driven by the growing demand for inclusive financing and the relevance and attractiveness of our offers.”
Driving Smartphone and Gadget Financing
At its recent event, Future Focus: Building Tomorrow Together, Home Credit revealed that it has financed 2.5 million smartphones since the start of 2024, averaging 5,000 devices per day by August 2025. iPhones remain the most popular choice among its customers. Financing for iPhones reached ₱10 billion in 2024 and is expected to hit ₱20 billion by the end of 2025, doubling the previous year’s volume.
In total, Home Credit has already disbursed close to ₱500 billion in sales across its different credit offerings, showing the scale of its impact on Filipino consumers and the financial sector.
Enhancing Comfort at Home and Expanding Mobility
Beyond gadgets, Home Credit has become a trusted financing partner for home appliances. Refrigerators, televisions, and air conditioners are among the most frequently financed products. During its peak season, the company supported an average of 700 refrigerators, 1,400 televisions, and 1,100 air conditioners per day, showing the strong demand for comfort and convenience in Filipino households.
Mobility has also emerged as a growing category. With the Philippines ranked as the fifth largest motorcycle market in the world, demand for two-wheeled vehicles continues to rise. Since 2024, Home Credit has financed nearly 70,000 motorcycles and e-bikes worth ₱4.5 billion, helping Filipinos gain access to affordable transportation that enhances their independence in work, family life, and leisure.
Comprehensive Protection Through Home Credit Protect
Home Credit goes beyond financing by offering protection for every purchase. Home Credit Protect provides two main options: Borrower Protection, which includes coverage for accidents, life, illness, hospital cash, installment waiver, and unlimited online consultations; and Device Protection, which covers accidental liquid damage, extended warranty, fast repair or replacement, and like-for-like device replacement.
“For as low as ₱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,” said Suneja.
As of August 2025, Home Credit has already released more than ₱1.75 billion in claims, with nearly 70,000 devices repaired or replaced under this program. This reflects strong customer trust and satisfaction in its protection services.
Contributing to Economic Growth
Home Credit’s growth and innovations underline the important role of consumer finance in driving economic and digital progress in the Philippines. Smartphone adoption, home appliance upgrades, and mobility access all contribute to productivity and improved quality of life, while also strengthening the local consumer market.
“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.”
Looking Ahead
As it enters its 12th year, Home Credit aims to expand its digital capabilities, launch more customer-first products, and deepen its partnerships across industries. The company remains committed to its mission of financing what matters most to Filipinos, whether it is a first smartphone, a new appliance, or a vehicle for mobility.
For Home Credit, progress is not defined by numbers alone but by the everyday wins of the people it serves. Its journey from 33 customers to 12 million shows how access to financial solutions can create real and lasting impact in the lives of Filipinos.
