Shopping just got more exciting with Home Credit’s Hulog-gaan Installment Plan

“Our installment plans before are primarily for big purchase items. We wanted to provide the same financing options for those who have a lot of different wants and needs, and be able to afford them all in one go. We want to be there for the customer, whoever they are and wherever they are. That’s why we are developing innovative tools such as our mobile app, and developing new financing products like the Hulog-gaan product. It’s all about enhancing the customer experience through our products and services.” ~Franchette Cardona, Chief Marketing and Product Officer

If it fits P25,000, you can take it home. The Hulog-gaan installment allows Home Credit to cater to more customer needs than ever before. 

If you will be given a shopping basket to fill and a maximum of Php 25,000 budget, what will you grab off the shelf first? Will you stock up on new wardrobe pieces? Perhaps you’ll fill it to the brim with electronics? Home Credit Philippines, the leading consumer financing company in the country has just made this too-good-to-be-true scenario a reality with its launch of Hulog-gaan, their first ever bundle financing product that lets consumers buy a number of lower-priced items in bulk, and pay for them through affordable installments. 

The company’s newest installment package allows financing of commodities that Home Credit didn’t previously finance. Some of the commodities that can be covered by Hulog-gaan are clothing, bags and accessories, toys, and electronics. These items are on top of the commodities that Home Credit already finances like smartphones, tablets, home appliances, and sporting goods. 

Using the Hulog-gaan installment product, shoppers can now buy any of the covered items as long as they fit the Php 25,000 maximum price for the bundle. Customers can choose between Php 3,000 to Php 20,000 financed amount which they can pay for nine to 12 months. Home Credit’s Hulog-gaan can be applied to their Standard, Easy Plan, Flex10, and Gift Payment loans. 

Shoppers can include in their bundle a maximum of five product entries, with multiple items under one category counted as one bundle entry as long as it fits the Php 5,000 maximum amount per entry. Exceptions on categories covered by Hulog-gaan are jewelry and watches and smartphones and tablets.

This isn’t actually the first time that Home Credit has offered bundling installment plans. The market leader also has a regular bundling plan for those who want to buy higher-priced items in a package. 

Home Credit, which has recently shortened its approval time to a minute, is now focused on reshaping the shopping landscape for everyone by providing them with more financial products and a better, easier experience. The Hulog-gaan is offered on the following stores you can find on this link.  

Home Credit Philippines is a consumer finance provider that promotes the principles of financial inclusion and safe lending, providing world-class financing services to qualified customers, often first-time borrowers. Company’s core business is non-cash, no-collateral instore financing of purchases for customers, seeking to buy appliances and mobile devices (computers, tablets, laptops and mobile phones) through monthly installments without a credit card. Home Credit Philippines operates in 53 Philippine provinces including Metro Manila, with a blueprint to expand its business to other Philippines developed cities. Home Credit Philippines is headquartered in Bonifacio Global City, Metro Manila, total employee strength is over 10,000 and keeps growing, with over 4,000,000 customers and counting served. Home Credit Philippines is part of Home Credit B.V. (HCBV), an international consumer finance provider. More information on Home Credit Philippines is available at www.homecredit.ph.

Home Credit B.V. (‘HCBV’ or 'the Group') is an international consumer finance provider with operations in 10 countries where there is high potential to grow. Founded in 1997, we focus on responsible lending primarily to people with little or no credit history. Our services are simple, easy and fast. We operate in highly attractive markets with significant barriers to entry. We are a leading provider of consumer finance in selected countries. It is our experience and knowledge across the different markets that sustainably puts us ahead of our competitors. We drive and broaden financial inclusion for the unbanked population by providing a positive and safe borrowing experience – the first for many of our customers. We promote higher living standards and meet borrowers’ financial needs. Our 132 thousand employees have so far served over 111 million customers through a vast distribution network comprising 434,232 points of sale, loan offices, branches and post offices. HCBV’s total consolidated assets reached EUR 22.2 billion as at 30 September 2018. More information on HCBV is available at www.homecredit.net.

The majority shareholder (88.62% stake) of Home Credit B.V. is PPF Financial Holdings B.V., a 100% subsidiary of PPF Group N.V. (“PPF”). PPF invests into multiple market segments such as banking and financial services, telecommunications, insurance, real estate, metal mining, agriculture, retail and biotechnology. PPF's reach spans from Europe to Russia, the USA and across Asia. PPF owns assets of EUR 24.2 billion (as at 30 June 2016). More information on PPF is available at www.ppf.eu.

A minority stake (11.38%) of Home Credit B.V. is held by EMMA OMEGA LTD, an investment holding company ultimately owned by Mr. Jirí Smejc. More information on Emma Capital is available at www.emmacapital.cz.