One of the top reasons why Filipinos detest getting a loan is
because of the sky-high interest rates that some lenders charge.
However, this perception is—most often than not—a result of
hearsay or “Sabi ni ano ganito” without an actual comparison of
financial service offers. So here’s a quick article to give you
a clear idea of how Home Credit’s offers differ in terms of
interest rates, affordability, and accessibility.
Product loan interest rates from Home Credit vs other lenders
Interest rates in the Philippines has been frowned upon by some
as it is perceived as costly and not budget friendly. But with
Home Credit, you can avail appliances, gadgets, and more with
super affordable interest rates of as low as 0%. If this sounds
too good to be true, let’s look at this side-by-side comparison
of Home Credit’s installment offer versus other financial
service providers:
Overpayment refers to the additional fees that you pay on top of
the actual loaned amount that you availed. In this illustration,
other financing competitors offer this tablet with an average of
6.02% interest, so the overpayment blows up to as much as ₱5,770
in 12 months. Whereas with Home Credit, there’s only a ₱262
processing fee on top of the gadget price, allowing you to avail
it for only ₱721/month at 0% interest. San ka pa?!
Where to avail products via Home Credit
Home Credit has officially served 10,000,000 customers at the
time of writing! You can also be one of the millions to finally
experience wide-range and flexible offers in over 15,000 stores
nationwide, offering more than 50,000 products at 0% interest.
For easier shopping, you can also avail our shopping basket
where you can fill it in with any products in leading retail
stores and just pay later via installments. And for maximum
convenience, browse on My Home Credit App and Shoppingmall.ph to
get the best deals on gadgets, furniture, appliances, e-bikes,
home improvement items, and more!