Home Credit Philippines (HCPH), a consumer finance company, said it wrapped up 2024 with P61 billion in sales, or 19 percent higher than in 2023.
Home Credit said it financed 2.91 million items in 2024, with popular categories including mobile phones, computers, home appliances and electronics.
The company’s financing services were boosted by year-round campaigns, including the zero percent interest installment financing options.
“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. The remarkable sales performance from 2024 inspires us to continue innovating, expanding our offerings, and introducing more promotions that empower Filipinos, all while remaining true to our mission of being a reliable financial ally that helps realize personal and family goals,” said HCPI chief sales officer Puneet Suneja.
The company said its outstanding performance was largely driven by its top-selling categories including mobile phones and tablets, home appliances, televisions and electronics, computers and furniture, which collectively contributed P57.4 billion to the total sales.
Mobile phones and tablets led 2024 sales contributing P31.7 billion from 1.6 million units financed, representing 52 percent of Home Credit’s total POS sales.
Popular brands such as Apple, Samsung, Vivo, OPPO and Honor continued to be top choices for Filipino consumers.
Home appliances, composed mostly of leading brands like Panasonic, Condura, Samsung, LG and Fujidenzo, followed with P10.2 billion in sales, with 477,000 units financed.