Home Credit Philippines (HCPH), the country’s leading consumer finance company, closed 2024 with a record-breaking P61 billion in total POS sales, reflecting a remarkable 19 percent growth from 2023.
This increase underscored HCPH’s continued success in providing accessible and innovative financing solutions that empower its Filipino consumers, while also being a key player in strengthening the country’s consumer finance industry.
“At Home Credit, the growth we have experienced goes beyond just numbers. It reflects the lives we have empowered by providing accessible financial solutions that help our customers live the lives they deserve,” Puneet Suneja, HCPH Chief Sales Officer, said.
According to its recent sales report, Home Credit financed a total of 2.91M commodities in 2024, including in-demand items such as mobile phones, computers, televisions, and electronics.
The financing of these goods through product loans was driven by the company’s year-long campaigns and promotions, including its popular 0 percent interest installment financing.
Home Credit’s exceptional performance in 2024 was powered by its top-financed categories, which collectively contributed P57.4 billion to its record-breaking sales. These categories included mobile phones and tablets, home appliances, televisions and electronics, computers, and furniture.
Mobile phones and tablets led the way, generating P31.7 billion from 1.6 million units financed or 52 percent of Home Credit’s total POS sales volume.
Following this, home appliances secured P10.2 billion in sales from 477,000 units financed or 17 percent of Home Credit’s total sales.
Computers ranked third, contributing P7.1 billion from 232,000 units financed.
Rounding out the top five, furniture accounted for P1.8 billion in sales from 102,000 units financed.
“Looking ahead, Home Credit remains committed to expanding our portfolio and forging more alliances with exceptional brands and retailers. Together, we aim to meet the diverse needs of Filipinos and continue enabling them to achieve their goals and live rewarding and fulfilling lives,” Suneja concluded.
