Home Credit Philippines
Home Credit Philippines is a SEC- and BSP-regulated consumer finance company serving over 13 million underbanked Filipino consumers with point-of-sale installment loans, cash loans, credit cards, and QR-based BNPL via a mobile-first platform and 18,000+ partner stores.
- Company typePrivate
- Founded2021
- HeadquartersQuezon City, Philippines
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Home Credit Philippines does
Home Credit Philippines (legally HC Consumer Finance Philippines, Inc.) is a SEC- and BSP-regulated consumer finance company founded in 2013 and headquartered in Taguig City, Philippines. It operates as a subsidiary of Thailand's Krungsri (Bank of Ayudhya) and serves over 13 million mass-market Filipino consumers through a horizontal-segmentation model focused on the underbanked population that lacks access to traditional credit cards or formal credit histories. The company offers a multi-product platform anchored in point-of-sale installment financing at 18,000+ partner retail stores (electronics, appliances, motorcycles, and authorized Apple/Samsung resellers), complemented by cash loans (P3,000-P150,000), a Visa-powered Home Credit Card (up to P100,000 limit), and HCQWARTA, a QR-based buy-now-pay-later service for bill payments, load purchases, and merchant QR transactions.
The underlying technology is a mobile-first lending platform built around the Home Credit App (4.8-star rated on iOS and Android) and supported by a suite of AI/ML capabilities: alternative credit scoring using SMS transaction data, Income Document Analysis AI for proof-of-income verification, AI Voicebot and Chatbot for collections and customer service, SAGE Speech Analytics for call quality, and the Odyssey device management platform for remote lock and payment reminders. Revenue is generated through transaction-based fees on installment purchases, interest income on cash loans (1.49%-8.99% monthly nominal), credit card interest (3% monthly) and membership fees, BNPL interest (0.13% daily), and recurring insurance premiums via Home Credit Protect (in partnership with AXA Philippines, Sun Life Grepa, and BPI MS). Capital is sourced primarily through a P13.5 billion credit facility from Bank of the Philippine Islands, with a Double-A credit rating received in 2023.
Home Credit Philippines firmographics
Firmographics- Name
- Home Credit Philippines
- Legal name
- HC Consumer Finance Philippines, Inc.
- Website
- https://homecredit.ph
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Home Credit Philippines is a SEC- and BSP-regulated consumer finance company serving over 13 million underbanked Filipino consumers with point-of-sale installment loans, cash loans, credit cards, and QR-based BNPL via a mobile-first platform and 18,000+ partner stores.
- Ownership category
- akta.pro rank
Home Credit Philippines industry classification
Industry- Product category
- Consumer Finance
- NAICS
- Consumer Lending (522291), Sales Financing (522220), Credit Card Issuing (522210)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Large Purchase & Lifestyle Personal Loans (Unsecured Installment) (FSAKAAAG)
- akta.pro secondary industry
- Credit Cards & Revolving Credit (FSABAAAC)
Keywords
Where Home Credit Philippines is headquartered
LocationHeadquarters
- HQ city
- Quezon City
- HQ country
- Philippines
- HQ region
- Asia
Offices2 records
Markets served
Home Credit Philippines business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Installment Shopping (POS Loans): Point-of-sale financing for consumer products (electronics, appliances, motorcycles) with monthly installment payments. Interest rates range from 0% to 5.99% nominal per month with processing fees.
- Cash Loans: Direct cash loans ranging from ₱3,000 to ₱150,000 with nominal interest rates from 1.49% to 8.99% per month. Processing fees up to ₱500.
- Home Credit Card: Credit card with up to ₱100,000 credit limit, 45-day no-interest period, loyalty points system redeemable as cashback, and merchant rewards.
- HCQWARTA (BNPL): Buy Now, Pay Later service with QR payments, 0.13% nominal interest per day (up to 4% per month).
- Home Credit Protect (Insurance): Protection products including borrower protection, telemedicine, hospital cash benefit, life and accident insurance, and device protection.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Product Installments - 0% Interest Options |
| Transaction based/ take rate | Monthly | Cash Loans - ₱3,000 to ₱150,000 |
| Subscription | Monthly | Home Credit Card - Up to ₱100K Limit |
| Transaction based/ take rate | Pay-as-you-go | HCQWARTA BNPL |
| Transaction based/ take rate | Monthly | iPhone Installments - As low as ₱61/day |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels10 records
Home Credit Philippines product offering
Product offeringCore offering
Home Credit Philippines is a consumer finance company providing point-of-sale installment financing, cash loans (₱3,000–₱150,000), a Visa credit card, and QR-based buy now pay later services (HCQWARTA) to Filipino consumers. Its offerings are delivered through a mobile app and an 18,000+ partner store network, supported by AI-driven credit scoring and underwriting.
Product overview
Home Credit Philippines is a consumer finance company offering a multi-product platform centered around point-of-sale (POS) installment financing and personal lending. The core offerings include Installment Shopping (0% interest financing at partner stores), Cash Loans (personal loans from ₱3,000 to ₱150,000), and a Home Credit Card (Visa card with up to ₱100K limit). Supporting products include HCQWARTA (QR payment service), Home Credit Protect (insurance add-on), Shoppingmall (online marketplace), Motorcycle Loans, and Online Installments. All services are accessible through the Home Credit App, which serves as the unified digital platform for applications, account management, and payments. The company serves over 13 million customers across 18,000+ partner stores nationwide.
Differentiator
Problem solved
Functional benefit
Brands
- HCQWARTA: A QR-based buy now, pay later service allowing users to buy load, pay bills, and shop via QR with deferred payment options.
- Home Credit Card
- Aling Puring Credit Card
- Home Credit Protect
- Shoppingmall
- Home Credit Card
Products and services
- Installment Shopping Point-of-sale installment financing at partner retail stores enabling customers to purchase consumer electronics, appliances, and other goods with monthly installments, often with 0% interest options.
- Cash Loans Personal cash loans ranging from ₱3,000 to ₱150,000 with nominal monthly interest rates of 1.49%–8.99%, processed through the Home Credit App with personalized offers and fast approval.
- Home Credit Card Visa credit card offering up to ₱100,000 credit limit, a 45-day no-interest period, QR payment capabilities, loyalty points, and cashback rewards for Filipino consumers.
- HCQWARTA QR-based buy now, pay later service that lets customers buy load, pay bills, and shop via QR code with deferred payment options at 0.13% nominal interest per day (up to 4% per month).
- Home Credit Protect Insurance and protection add-on for loan customers covering devices and personal protection, including borrower protection, telemedicine, hospital cash benefit, life and accident insurance, and device protection.
- Motorcycle Loan Specialized financing for motorcycle purchases through partner dealers such as Emcor, LGM Motorcycle Sales, and K Servico, with easy monthly installment options and nationwide store coverage.
- Aling Puring Credit Card Co-branded credit card in partnership with Puregold, positioned as a shopping partner card for groceries and retail purchases at Puregold outlets.
- Online Installments
Quantifiable outcome
- Fast approval - loan processed within minutes
- +2 more outcomes
Companies that use Home Credit Philippines
Customer profileNamed customers7 records
Segments1 record
Ideal customer profiles1 record
Home Credit Philippines technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability7 records
Feature6 records
Home Credit Philippines partnerships and signals
Strategic signalPartnerships
33 partnerships are on record, tiered core, flagship and minor.
- FinTech Alliance PHcoreHome Credit Philippines is a board member of FinTech Alliance PH, an organization representing over 150 corporate members handling more than 95% of retail digital financial transaction volume in the Philippines, serving over 120 million Filipinos.
- AppleflagshipApple is a key brand partner offering iPhone installment financing through Home Credit. Available products include iPhone 17 series, iPhone 17 Pro, iPhone 17 Pro Max, and iPhone Air with installment options starting at ₱61/day.
- Samsung PhilippinesflagshipSamsung is a major brand partner for installment financing of Galaxy smartphones including S26 Ultra, S25 series, and A-series devices.
- AbensonflagshipAbenson is a major partner retail store with multiple branches including Waltermart locations, offering Home Credit installment financing for electronics and appliances.
- EmcorflagshipEmcor is a key partner for both consumer electronics and motorcycle financing, with branches across Luzon, Visayas, and Mindanao.
- PC ExpresscorePC Express is a partner store for computer and electronics installment financing through Home Credit.
- Silicon ValleycoreSilicon Valley is a partner retail store for electronics installment financing.
- K ServicocoreK Servico is a partner store with branches across Luzon for motorcycle and electronics financing.
- Power Mac CentercorePower Mac Center is an authorized Apple reseller partner offering iPhone and Mac installment financing.
- Robinsons AppliancescoreRobinsons Appliances is a partner retail chain for Home Credit installment financing.
- Honor PhilippinescoreHonor is a brand partner offering smartphones including Honor 600 5G, Honor X Series, and tablets on installment plans.
- XiaomicoreXiaomi is a brand partner for smartphone installment financing including Xiaomi 17T series.
- LenovocoreLenovo is a brand partner for laptop installment financing, including back-to-school promotions.
- LGM Motorcycle Sales and ServicecoreLGM Motorcycle is a partner motorcycle dealer with branches in Taguig City and Rosario for motorcycle installment financing.
- realmecorerealme is a brand partner for smartphone installment financing.
- OPPO PhilippinescoreOPPO is a brand partner for smartphone installment financing.
- vivo Philippinescorevivo is a brand partner for smartphone installment financing.
- Acer PhilippinescoreAcer is a brand partner for laptop and computer installment financing.
- ASUS PhilippinescoreASUS is a brand partner for laptop and computer installment financing.
- Glassbox Digital UK Ltd.coreGlassbox provides session tracking technology for digital analytics, running on private cloud servers under Home Credit control to analyze website visits and app usage for customer experience improvement.
- Yondu, Inc.coreYondu provides SMS services for Home Credit's short messaging needs.
- BAP Credit BureaucoreBAP Credit Bureau provides credit scoring services for credit evaluation.
- Darwinbox Asia Pacific PTE. LTDcoreDarwinbox provides HR software/cloud services for human resources management.
- BPI MScoreBPI MS provides insurance services for Home Credit's protection products.
- AXA PhilippinescoreAXA Philippines provides insurance coverage including life, accident, and general insurance products.
- Sun Life Grepa Financial Inc.coreSun Life Grepa provides insurance and financial products.
- Michel J. Lhuillier Financial Services, Inc.coreMLhuillier is a bill payment partner and disbursement partner for Home Credit.
- Palawan Pawnshop Inc.corePalawan Pawnshop is a bill payment and disbursement partner providing wide network access for Home Credit payments.
- PaymongocorePaymongo is a bills payment partner providing digital payment processing services.
- Xendit Philippines, Inc.coreXendit is a bills payment partner providing payment processing services.
- Paynamics Technologies Inc.corePaynamics is a bills payment partner providing secure payment processing.
- 2Go Express Inc.minor2Go Express is a courier partner for Home Credit document delivery.
- Cellboy Inc.minorCellboy is both a partner store and courier for product delivery.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Home Credit Philippines competitors and assessment
Company assessmentDirect peers
- BillEase: Filipino BNPL and personal credit platform offering installment payments for online and in-store purchases — directly overlaps Home Credit PH's POS installment and cash-loan products in the Philippines.
- Cashalo: Philippine digital lending app offering personal cash loans and BNPL via a mobile-first underwriting flow — directly comparable to Home Credit PH's Cash Loan and HCQWARTA offerings.
- Atome: Southeast Asia BNPL platform with Philippines operations, offering interest-free installment pay at retail and online merchants — a direct POS-finance competitor.
- Home Credit Vietnam: Sister company under the same Home Credit/Krungsri umbrella, offering POS financing, cash loans, and credit cards to Vietnamese consumers — same model, same product mix, regional comparator.
- Akulaku: SEA consumer finance and BNPL platform with Philippines presence, offering instalment pay and a digital wallet — overlapping POS and consumer-credit model.
- Kredivo: Indonesia-origin digital credit/BNPL provider offering pay-later and personal loans — direct comparator for unsecured installment lending to underbanked consumers in SEA.
Emerging players
- TendoPay: Philippine fintech offering salary-linked credit and BNPL — competes for the same underbanked segment with a thin-file underwriting angle.
- Plentina: Philippine BNPL lender focused on in-store POS financing through retail partners — comparable on POS installment distribution model.
Broad incumbents
- Tonik Bank: Philippine digital-only bank offering deposits, personal loans, and credit products — a broader incumbent targeting the same underbanked retail consumer.
- GCash (Mynt / Globe Fintech Innovations): Dominant Philippine e-wallet offering pay-later, microcredit, and a broad payments stack — competes for the same underbanked consumer wallet share with adjacent, not identical, products.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Home Credit Philippines social profiles
Digital presenceHome Credit Philippines compliance and trust
Trust signalCompliance3 records
Home Credit Philippines financial estimates
Financial estimateRevenue estimate
Valuation estimate
Home Credit Philippines leadership team
Management profileNumber of profiles
Home Credit Philippines funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Home Credit Philippines M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Home Credit Philippines
What does Home Credit Philippines do?
Home Credit Philippines is a consumer finance company providing point-of-sale installment financing, cash loans (₱3,000–₱150,000), a Visa credit card, and QR-based buy now pay later services (HCQWARTA) to Filipino consumers. Its offerings are delivered through a mobile app and an 18,000+ partner store network, supported by AI-driven credit scoring and underwriting.
Is Home Credit Philippines a public or private company?
Home Credit Philippines is a private company. It is classified as corporate owned and is currently operating.
When was Home Credit Philippines founded?
Home Credit Philippines was founded in 2021. It employs 5,001 to 10,000 people.
Where is Home Credit Philippines based?
Home Credit Philippines is headquartered in Quezon City, Philippines, in the Asia region.
How does Home Credit Philippines make money?
Five revenue lines are on record. Installment Shopping (POS Loans) is the primary driver. The others are cash Loans, home Credit Card, HCQWARTA (BNPL) and home Credit Protect (Insurance).
Who are Home Credit Philippines's main competitors?
Direct peers on record are BillEase, Cashalo, Atome, Home Credit Vietnam, Akulaku and Kredivo. Emerging players are TendoPay and Plentina. Broad incumbents are Tonik Bank and GCash (Mynt / Globe Fintech Innovations).
Does Home Credit Philippines have an API?
No public API is recorded for Home Credit Philippines.
What industry is Home Credit Philippines in?
Home Credit Philippines's product category is Consumer Finance. Its primary akta.pro industry code is FSAKAAAG, Large Purchase & Lifestyle Personal Loans (Unsecured Installment), with a secondary code of FSABAAAC, Credit Cards & Revolving Credit. Its NAICS code is 522291 and its SIC code is 6141.