Home Credit, the top consumer finance provider in the Philippines, has uncovered a fascinating market trend: a rise in the number of commodities purchased, with 1.7 million mobile phones being financed in particular. Products sold at a record high thanks to Home Credit’s year-long promotions, such as their most recent 0% APR installment financing offer.
With a marked increase in purchases across all categories this year, Home Credit can see that customer tastes have changed. With an emphasis on helping Filipinos achieve their dreams, Home Credit’s solutions have evolved to match changing lifestyle choices and objectives.
The highest number of units sold was in the mobile and tablet category, which shows that people still rely on these devices for work, school, and recreational activities. The 1.7 million units sold in this category demonstrate how critical these devices are to people’s daily lives. With a whopping 100% rise in sales compared to last year, Apple has truly become the top mobile brand for Home Credit. This year, we’d like to promote the brand Apple.
The Filipino consumer market is ripe with opportunities for home improvement projects. With 420,000 appliances funded by Home Credit, it’s clear that the demand for updating households was high. People looking to upgrade their household appliances before the new year have been drawn to these models because of their features that improve efficiency and ease.
Additionally, there was a noticeable uptick in the demand for home improvement materials such as furniture, computers, televisions, and gadgets, which may be interpreted as a desire for more connected and comfortable houses. One of the main reasons for these items’ appeal is their specifications, which aim to provide an exceptional combination of performance and comfort.
Additionally, there has been notable demand for sustainability-related goods, particularly e-bikes. An indicator of the expanding green lifestyle and alternative mobility product trends, e-bike sales have increased 122% this year on Home Credit.
One of the main factors propelling these purchases has been Home Credit’s launch of The Great 0% Festival. Spend six to eighteen months with zero percent interest on a variety of payment plans during this limited-time promotion. Accessible at Home Credit partner retailers and Shoppingmall.ph, these deals lower the price of electronics and lifestyle items, ensuring that Filipino families have an unforgettable holiday season.
Make sure you don’t pass over the awesome Great 0% Festival! Take advantage of Home Credit’s limited-time holiday promotion that lasts until January 2024 to make all your holiday party wishes come true!
At www.homecredit.ph, you can get all the information you need about Home Credit Philippines, including the most recent news and updates. Also, you may follow the official accounts on Facebook, Instagram, and TikTok. For additional information about current promotions and what’s happening at Shopping Mall Philippines, customers are also advised to download the My Home Credit App from Google Play.
Home Credit Philippines is a legal and regulated financial institution in the Philippines, under the close supervision of the SEC and the BSP.