Village Connect
Home Credit Philippines (HCPH) ended 2024 on a high note with a record-breaking ₱61 billion in point-of-sale (POS) sales, marking a 19% increase from 2023. This impressive growth underscores HCPH’s continued leadership in consumer finance, driven by accessible and innovative financing solutions that empower Filipino consumers.
Throughout the year, Home Credit financed 2.91 million commodities, including mobile phones, home appliances, and electronics, leveraging popular 0% interest installment promotions.
Mobile phones and tablets led the sales surge, contributing ₱31.7 billion from 1.6 million units financed, accounting for 52% of total POS sales. Home appliances followed with ₱10.2 billion, while computers, televisions, and furniture also saw significant growth. Notably, Home Credit introduced two-wheelers as a new category, addressing mobility needs with 2,870 units sold, generating ₱261 million in sales.
Chief Sales Officer Puneet Suneja attributed the growth to Home Credit’s mission of empowering Filipinos through financial solutions. “Our sales performance in 2024 inspires us to continue innovating and expanding our offerings, helping customers achieve their goals,” Suneja stated.
Strong partnerships with leading brands and retailers played a key role in this success. Apple emerged as the top brand, with ₱10 billion in sales, followed by Samsung, Vivo, OPPO, and Honor. On the retail front, Abenson led with nearly ₱4 billion in sales, followed by Rulls, Imperial Appliance Plaza, and SM Appliances.
As Home Credit looks forward to 2025, it remains committed to enhancing the consumer finance experience, expanding its portfolio, and empowering more Filipinos to achieve their dreams through accessible financing options.
