More episodes, prizes, and surprises from Home Credit’s HC Live soon

After a successful pilot run of live streams, Home Credit Philippines—the country’s leading consumer finance company with a nationwide store presence and rapidly growing mobile presence—will be streaming weekly episodes of HC Live on its official Facebook page starting this March.

As an easy-to-approach financial partner during this digital shift, Home Credit’s HC Live becomes a new platform to connect and interact with customers and followers online.

Through entertaining unboxing videos, informative product reviews, and fun game demos, HC Live also gets to promote the latest offers of its partner brands.

Each month, a different partner brand will be featured in HC Live and will give away awesome prizes, special codes, and discounts to viewers.

Among the popular brands featured previously were Oppo, realme, Lenovo, Acer, Wow Fiesta, Breville, Misso Wonder Machines, TCL, LDSystems, and Grand Videoke.

HC Live will also continue to invite special guest hosts for a more enjoyable and engaging live stream experience for its viewers.

In its past episodes, Home Credit was joined by tech and lifestyle guru Carlo Ople, Ciara Magallanes of Mommy Diaries PH, Vlad Magallanes of Daddy Diaries PH, social media and realme influencer Apple David, and HC’s very own “kaibigan na madaling lapitan” (approachable friend) Edith.

“Along with our partner brands, we are excited to regularly connect with our viewers and treat them with more special deals and discounts through HC Live,” says Home Credit Philippines’ Chief Marketing Officer Sheila Paul.

“We are also continuing to explore more social media platforms where we can further share interactive content about Home Credit and reach out to a wider audience.”

Aside from the exciting prizes and surprises, HC Live has in store, Home Credit also offers endless shopping deals and rewarding discounts through its My Home Credit app.

With SMILE, Home Credit’s nationwide discount program, anyone with the My Home Credit app can enjoy up to 50% discount when shopping or dining at over 15,000 Home Credit partner stores.

Follow Home Credit Philippines’ official Facebook, Instagram, Twitter, YouTube, and Kumu to stay updated on its weekly HC Live episodes and download the My Home Credit app for more promos.

Apps that helped make life in 2020 much easier

The way we live, work, and play changed a whole lot in 2020. As we were forced to stay in the confines of our homes to protect ourselves from COVID-19, we needed to alter our daily routines and use technology to our advantage.

From Zoom meetings and food deliveries to online shopping and Netflix bingeing—and occasionally, doing all these things at the same time—our smartphones, laptops, and the almighty internet have become absolute musts in the new normal. 

So it comes as no surprise that fintech, retail, and logistics apps have become everyday essentials that have kept us alive and well in 2020.

Now more than ever, people need fast, safe, and secure ways to make payments, send or receive money from loved ones, and apply for loans or other financial tools—especially those who are using these tools for the very first time under extraordinary circumstances. 

A number of fintech apps delivered the goods for us in 2020 and continue to do so as we usher in the new year. Here are the fintech apps that blew our minds:  

Home Credit

Many people know them for their ever-present sales associates in red shirts in malls and gadget shops, or for being the pioneer of fast and affordable installments of phones and other goods even without a credit card.

Home Credit has since gone digital as well, allowing customers to apply for loans via the My Home Credit app and even do their shopping in-app via the Marketplace feature.

Not only is it the first non-bank institution to issue a credit card in the country, it’s also the first credit card to be QR-enabled, which means that Home Credit card holders can simply use their app to scan QR codes instead of swiping their cards to make payments—allowing for a truly cashless, contactless and safe shopping experience.

Aside from gadget loans, Home Credit’s eligible customers can also apply for cash loans right inside the app, and once approved, can have their loans disbursed to them almost instantly.  

RCBC/DiskarTech

Given that the country qualifies as a sachet economy, it’s no wonder then that an app that aims to provide “satchet banking services to millions of Filipinos” has quickly gained a following among consumers. RCBC’s DiskarTech has become the go-to banking app of choice especially those who are first-timers to fintech and are consumers of the tingi tingi variety.

The app, with its Taglish interface and easy to understand features, is especially geared towards MSMEs, as part of RCBC’s goal to include more small businesses into the financial system and help them go digital. 

EastWest

While having a multifunctional app is now the norm for most if not all banks, there are those who understand that not everyone might be ready to dive into these apps, or simply don’t have the capacity to install these on their phones.

Enter EastWest Bank, whose AI-powered ESTA (short for EastWest System Tech Assistant) chatbot allows customers to perform a wide variety of self-service transactions functions—from checking balances to converting purchases to installments and applying for credit cards—all from your Facebook messenger chat box.

ESTA is highly responsive and is a great tool for banking customers who are FB-savvy, but not quite ready to call themselves techies—or simply find ESTA a lot more convenient to access. 

GCash and PayMaya

The once niche segment of e-wallets and online payments went full-on mainstream in 2020 as more and more consumers opted to go digital in sending money and paying bills, as well as use these services for online shopping and food deliveries.

GCash and PayMaya have already made a big name for themselves even prior to the new normal, as more Filipinos began to discover the joys of cashless transactions and fast and simple money transfers.

But as 2020 rolled along, now everybody from your suking sari-sari store owner to your favorite online seller to your dear old Lola probably has a GCash or PayMaya account. Anyone else receive any virtual ampaos last Christmas? 

Lazada and Shopee, Grab and Foodpanda

Okay, so they aren’t necessarily purely fintech apps per se (though Grab has branched out into that space with their own e-wallet), and they might not have “helped” our wallets so much as made our wallets lighter (thanks to 11/11, 12/12 and all those sales in between).

But can you imagine going through months of lockdown without being able to snag a flash sale deal from Lazada or Shopee, or order your favorite cheat day meal via GrabFood or Foodpanda? These shopping platforms helped to drive demand and usage of the above fintech apps plus countless others. And together with these apps, they helped to define a year that was unlike any other. 

All these digital tools have become integral parts of our lives—not just in 2020, but in years to come. Here’s to more tech apps and more digitized Filipinos in 2021! 

Home Credit Card now offers 1% rebate on every purchase

With the current pandemic affecting the country, it pays to have a financial partner that you can count on in times of need. Whether it’s for groceries, household appliances, and other necessities, shopping is made easier and more affordable with your new and improved Home Credit Card.

This new diskarte partner lets cardholders shop at their favorite online and physical stores and earn 1% rebate for every purchase. Higher rebates are also offered at select partner stores, and it’s even possible to convert bigger purchases to a 6-month installment plan with lower interest rate.

Another new benefit of the Home Credit Card is that new purchases won’t be charged of any interest for up to 45 days if bill is paid in full, while monthly membership fees can be waived as long as a minimum of two credit card transactions are made within the month.

In terms of convenience, the Home Credit Card does not disappoint. By linking it to the My Home Credit app, checking of credit card balance, transactions or monthly billing statement can be done anytime, anywhere—making it easier to keep track of expenses and budget.

Payments are also made convenient through the Home Credit website and online payment partners like GCash, BDO and RCBC online banking. For over-the-counter payments, customers can pay through Palawan Express, USSC, ECashpay and Touchpay.

QR payments with Home Credit Card App

The Home Credit Card also features a quick response or QR payment feature, which was recently launched following the Philippines’ growing demand for contactless and cardless payments—a first of its kind in the country.

Through this new feature, Home Credit Card cardholders no longer need to make physical contact and bring their cards or wallets when paying for their purchases. By updating the My Home Credit App to its latest version, cardholders will be able to scan QR codes to pay for their purchases in any AUB PayMate partner stores nationwide—providing a safer, more convenient, and secure payment option for those who prefer contactless transactions.

“We made sure to include features in the credit card that would encourage contactless payments, such as the QR feature,” said David Minol, CEO of Home Credit Philippines. “It’s safe to use due to its QR feature and even more convenient because of the mobile app.”

Over a year ago, Bangko Sentral ng Pilipinas (BSP) gave Home Credit Philippines (HCPH) the green light to operate as a credit card issuer, making it the first non-bank institution in the country to issue credit cards. (Read: Home Credit gets BSP green light to issue credit cards).

Home Credit cardholders can enjoy its new features starting August 1, 2020. For more information about your new diskarte partner, visit the Home Credit website.

5 Smart tips to handle your money better this 2020

Every time we enter a new year, we all come up with a fresh set of resolutions including how we plan to handle our finances for the rest of the year. For many of us who are not experts in finance and money management, we all look for a certain level of inspiration so we can craft up new rules for our finances.

To help us out, Home Credit has offered these five tips to help us manage our money better this 2020:

1. Be realistic

Targeting to pay off all your debts is good and all, but you need to be realistic to make it successful. When assessing the amount that you want to pay off for the year, make sure that you leave enough budget to support your regular lifestyle. You have a higher chance of making financial mistakes like overspending if you limit yourself too much, so try to find the perfect middle between achieving your financial goals and supporting your needs.

2. Have a purpose

Wanting to start or grow your savings ‘just because’ is good, but you can feel more inspired if you connect it to an actual purpose. Do you want to travel to your dream destination? Buy your very first property? Get a life insurance? Having an end goal in mind will give you a clearer vision (and better motivation!) when trying to achieve your goals.

3. Keep your money in separate accounts

Having multiple accounts can be difficult to handle, but it can also be helpful if you want to make it easier to manage your finances. Have a separate account for your savings where you can automatically move or deposit your money—and forget about it. If you want to have a clearer view of your finances, you can even create a separate account for the different things you’re trying to save for (property, travel, etc.). Want to be extra sure that you don’t easily spend your savings? You can opt for a checkbook or even simply leave your ATM card at home so you won’t get easily seduced to withdraw your funds.

4. Have a splurge budget

This sounds counter-intuitive, but it’s actually helpful in the long run. Limiting your spending too much can backfire and make you more prone to sudden overspending so make sure to give yourself room to breathe and enjoy. The secret is to set the right amount that you can actually spend on recreation. To do this, take out the cost you need to cover your basic expenses and the amount you want to save. You can use what’s left on yourself.

5. Be smart in managing your cash flow

Sometimes, emergency situations will require you to touch your savings. Did an important household appliance breakdown? Do you suddenly need to shell out a big amount for something? In cases like this, what you can do is to consider other options that can help you afford things without draining your savings. Cash loans and installment plans are a good option for this because you can pay the cost gradually. Reputable providers like Home Credit—which now offers other financial products like cash loans and credit cards on top of their in-store product installment plans—is a prime example of an option you can consider. It’s so easy to apply for their products, too! You just need to provide two (2) valid IDs and even apply to their partner stores or online. Processing of your applications won’t even take long—you just need less than a minute to know your results. So the next time you find yourself in need of some financial help for something important, consider to do it the easy way and #iHomeCreditMoNa!

For more information on their products, you can visit their website or reach out to them via Facebook. Want a more convenient way to access Home Credit’s offers? Just Tap the App! Download their MyHomeCredit App in Google PlayStore, and get access to their products and offers wherever you are, whenever you want.

Home Credit launches ChristmaSagana raffle promo

This holiday season, Home Credit is playing Santa to iys customers with a ChristmaSagana Raffle that will shower a total of 100 gifts throughout its run.

The annual holiday promo from the leading in-store installment provider is exclusive for customers who sign new loans in their partner stores from November 3, 2019 to January 31, 2020. Customers only need to purchase, download the MyHomeCredit App for Android, and register to qualify for the raffle. Just go to Google PlayStore to install the app and register there to join.

For every P3,000 purchase amount, customers get one raffle entry. The more entries, the bigger chances of winning! Winners of the ChristmaSagana raffle will be drawn from December 4, 2019 to February 5, 2020. Customers can only win once for this promo.

Those eligible for the raffle can take home big prizes that will surely make their holidays even better. Three lucky winners can take home motorbikes for the major prize, while other customers can start the year right by starting their own businesses. Five winners will be gifted with Kitchen and Pangkabuhayan showcases, while another five can start their online businesses. Forty winners can also kick-start their own e-load businesses by the end of the raffle.

In case you don’t win one of the prizes mentioned, 42 customers can still score gift certificates worth P5,000 that can be used for some much-needed shopping spree.

All the lucky winners will be notified through e-mail and phone call, and will also be announced on Home Credit’s official Facebook page.

The promo can be combined with other running promos of Home Credit so it is the perfect opportunity to complete your holiday Christmas wish list while having the chance of getting a gift in return! This year’s holiday raffle is the installment provider’s way of closing its big year. The business has close to six million customers presently.

The MyHomeCredit App, on the other hand, is Home Credit’s answer to those who want access to their services anytime, anywhere. Customers can apply for loans, track their deadlines and payments, and stay updated on new promos through the app. The android application currently has more than 2.5 million registered users.

Don’t miss the chance to join one of the biggest holiday promos of the year. You can visit Home Credit’s promo page for more information about their latest deals.

Home Credit launches “Juan, Two, Three” campaign

Imagine a world where everyone is empowered to handle their finances; where people from different walks of life know how to make informed financial choices, whether it be on budgeting, saving, or borrowing. Even complex financial concepts such as “compound interest” are understood by many.

This world was the exact vision brought by Prague-based consumer finance company Home Credit when it first started its operations in the Philippines five years ago. Though this may seem far-fetched, given the latest figures from the Bangko Sentral ng Pilipinas (BSP) for 2017 stating that 77 percent of Filipino adults remain unbanked and 52 percent are unable to allocate money for savings, Home Credit Philippines (HCPH) continues its mission to bridge the gap in making more Filipinos included in the financial system. The company provides in-store loans to customers with minimal requirements, requiring only two (2) valid IDs, and offers other financial products such as cash loans and credit cards.

According to its Chief Marketing and Customer Experience Officer Franchette Cardona, Home Credit’s commitment to financial inclusion doesn’t stop at providing loans to the underserved. “Financial Literacy is our number one advocacy. Since many of our customers are first-time borrowers, we want them to be ready for the responsibility of having a loan.”

That’s why in 2016, Home Credit officially launched its flagship campaign “Juan, Two, Three”, which focuses on teaching the basics of budgeting and saving to different communities all over the country. Through the use of creative approaches like games and comic books, the campaign equips Home Credit customers and the public with the know-hows in handling financial tools.

Understanding budgeting

Most people would think that financial basics such as budgeting and saving are common knowledge nowadays—especially with the presence of technology, making financial information and services easily accessible.

Unfortunately, this isn’t the case with 21 percent of the 52.8 million adults in the country who do not have formal bank accounts because of their perceived lack of need for them. BSP’s 2017 Financial Inclusion Report also states that 10 percent do not have proper knowledge of how to open an account, while 8 percent have a lack of awareness about it.

On top of that, many Filipinos still often find the term “budget” as intimidating—associating it with being time-consuming, boring, and restrictive. Some even think one has to be good at math to be great at budgeting.

This gap in financial knowledge was something Juan, Two, Three was successful in identifying. “We’ve talked to farmers, students, teachers, even soldiers, and a lot of them have said that they didn’t understand the importance of keeping their money on formal bank accounts before. Others simply needed some extra guidance on how to start saving. You’d think these are things that most people would know already too,” Cardona shares.

For this very reason, the financial literacy campaign focused on creating learning materials and modules centered on the fundamental concepts and real-life applications of budgeting and saving.

“We want people to understand the importance of budgeting and having savings kept away. Our goal is to make them realize that handling finances can be enjoyable, flexible, and done in just a few minutes,” says Cardona.

Viewing loans and credit in a new light

Apart from budgeting and saving, Juan, Two, Three also touches on the topic of borrowing, which is largely anchored on Home Credit’s core business of providing financing services to customers who are often first-time borrowers.

“Since we offer loans, it’s important for us to also inform people, especially our customers, about the key principles of safe and responsible borrowing. Part of our financial literacy campaign is transforming the way people look at borrowing by teaching them how to properly manage their loans and maintain good credit score,” says Cardona, referring to the misconceptions usually attached to borrowing.

“Having the flexibility to buy the things you need, when you need it is a good thing. Making late payments, however, can negatively affect your credit score—making it more difficult to get loans and credit in the future,” Cardona adds. “We make sure people know both the benefits and risks associated with borrowing for them to have better financial decisions.”

Scaling up financial literacy

As part of its efforts in expanding its reach, Juan, Two, Three continues to build and strengthen its partnerships with both public and private institutions. Its long-term partnership with the DSWD’s Pantawid Pamilyang Pilipino Program has allowed the campaign to reach more than 16,000 people and 175 communities all over the country.

The campaign also started partnering with other stakeholders. This year, the Juan, Two, Three campaign joined Credit Information Corporation and BSP in the first ever Kapihan sa Manila Bay on financial literacy to support the government’s drive to promote financial inclusion in the country. It also visited farmers and major rice industry players in the recently concluded 9th National Rice Technology Forum in Mindoro.

The impact it has brought on the communities it has visited has earned Juan, Two, Three the 2018 Silver Stevie Award and 2019 Bronze Stevie Award for Innovation in Community Relations or Public Service Communications. The Stevie Awards is a premier award-giving body that recognizes outstanding organizations that make positive contributions in the industry.

“Our goal is to fill in the gap where financial education is needed. Right now, our main focus is to educate as many as we can and help them learn the basics so they can feel more empowered in handling their money. We’re also hoping that we encourage these people to become future Financial Literacy Ambassadors too so they can help educate more. These are small steps, but if we want to achieve something bigger, we have to start with these,” closes Cardona.

Shop this September with Home Credit’s Hulugan Knockout promo

Ready your wish list because the biggest shopping month of the year is coming this September with Home Credit’s Hulugan Knockout promo.

Every weekend of the month, you can
drop by the partner stores nearest you and get a 5% discount on the price of the item you want on top of paying
for it in easy monthly installments.

Prefer a 0% interest deal instead? You can get this on select items as well! Just pay the downpayment and go home with your item.

Now isn’t that the best pre-Christmas shopping gift ever?

The Hulugan Knockout promo does not have a required minimum purchase amount or any special requirements.
Just visit any of Home Credit’s partner stores, approach one of their friendly sales associates, and provide two (2) valid IDs to apply.

No credit card needed. You can even know the results of your application in as fast as one minute!

The Hulugan Knockout is Home Credit’s latest treat to its customers. The leading installment provider in the country also offers other products and services like
credit cards and cash loans.

To keep updated on their latest offerings, you may download the MyHomeCredit App in Google Play or follow their official Facebook account at
facebook.com/homecreditph.