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Thursday, June 30, 2016

Home Credit Review: Easy, Simple, and Fast Loan Application

Wazzup Pilipinas!

If you haven't heard of it yet, there's a fast and easy way to purchase gadgets, appliances, or any item that you like, on installment basis.

I needed a better phone to receive text messages and calls other than the other mobile phones with bigger display screens that I use for browsing the Internet in checking my e-mails and social media accounts like Facebook, Twitter, and Instagram.

My contact lists are increasing in number every day and I needed a phone dedicated for communication tasks only, something that is small enough to fit in my pocket and one that I can easily put out to receive or send text messages and calls even while commuting.

Thus it was about time I purchase another phone. But since I also wanted to manage my budget, I thought it would be better to purchase one through installment basis so my monthly expenses will be conveniently affordable.

So one afternoon, I visited SM Megamall to check out a new smartphone when I was approached by a Home Credit representative offering to help me buy this new phone I wanted through easy installment terms. I was intrigued by this no-hassle process that only requires you to submit two valid IDs and some names and contact numbers of friends and relatives as references.

So I followed their representative and gave all the information they asked for. Don't worry, they would not require your friends or relatives to be co-makers; it was just another way of validating your identity. You will also be asked to submit a few social media accounts probably as additional methods of verifying the information you have provided. All of these checks were done during my stay in the mall, having coffee. While waiting, I got a good chat with Charles, the Home Credit representative who approached me. I found that Home Credit is present in major malls in the country. You can find them in stores like SM Appliance Center, which is where I was, as well as Abenson, Western Appliances, Silicon Valley, Memo Xpress, and Automatic Centre. They are also present in malls outside Metro Manila like Cebu, Pampanga, Batangas, Cabanatuan, among others. So my wait lasted for around 30 minutes. I got a call just after applying, followed by an SMS notifying us if our application has been approved or declined.

There would also be a cash-out requirement (down payment). The more you initially pay, the lighter your monthly payments will be.

It was indeed fast and convenient since everything was processed in probably less than an hour. In fact, it even took me longer to choose a mobile phone model. So if ever you want to buy a gadget through Home Credit, be sure to have a firm decision already on what to buy, otherwise, the process will be repeated from the start.

The guy facilitating the Home Credit application was courteous and patient enough to explain to me everything I needed to consider, and helped me out throughout the entire interview. Though it seemed I was in a job interview, the questions asked were really required to help them verify my identity.

They would also require to get your fingerprint using their scanning equipment setup. That's an added security to probably make sure no one would dare show up pretending to be you and use your identity. I'm not sure if they would also check your fingerprint scans against existing records as they would also ask you for your Social Security System (SSS) number and Tax Identification Number (TIN).

It's a great way to assure you that they are extra careful with regards to entertaining only requests from valid customers who have the capacity to pay and would not cause any disastrous consequences for the client’s budget stability.

All the information HCP receives from its customers is treated with utmost confidentiality.


I was approved of my loan in less than an hour and I’m now enjoying my new Samsung Galaxy J2!

I would like to thank Home Credit for the experience and would highly recommend the service to those who don’t want to pay the full amount right away. This is a great way to manage your expenses by spreading it out in easy monthly installments. They have zero interests available too, so you may want to take advantage of that.

So if you need a new gadget for all your online, video or audio needs, a new appliance for your living room, kitchen or entertainment center, Home Credit makes it possible for you to conveniently divide your payments throughout the term of several months or even a year or more.

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  1. I'm glad I have someone who got the same good experience in having a loan in this company. I don't understand why people write offensive and untrue home credit reviews for the sake of sympathizing them well in fact, they just didn't became responsible in paying their obligations.

    1. Yes! They offer cash loans, when you are a good payer in your first loan.

  2. Sobrang happy ko din and ng kids ko,dahil may brand new frontload washing na kami at brand-new ref.thanx sobra sa home credit sm masinag! Sana sa mga nagpapa sabog ng negative comments re: home credit mahiya naman ng konti lol ang bait nyo nung nangutang kayo akala m maamong tupa tapos pag bayaran kayo pa galit.and in the first place in explain nila na ang payment is advance 3 days before due date atleast. Tsk sayang di na kayo maaprobahan in case kc bad record na kayo.😝

  3. Don't go for Home Credit. Grabe ang interest rates, you will have to pay double of your loan amount at the end of your contract. Imagine, a loan of 42k (after paying 30%) will let them earn an interest of 31k! Wow, that's fast money for them!

    Grabe din pala sila mangugulit sa mga references, but they will not allow those references to inquire about the loan kasi hindi daw authorized...

    Ang gulo din ng customer service nila. I wanted to fully pay na my dad's loan since na-shock ako sa interest rates. However, ang dami nilang pasikot sikot to delay the process, kesyo hindi daw ako authorized (but I was a reference in the contract), and then after my payment, hindi daw yun ma-credit as full payment kasi need pa daw mag activate ng account otherwise its just advance payment and thus interests will still be incurred,.. Ilang beses na kami nag email at tumawag, pero hindi nila masagot mga tanong namin, ang hirap nila kausapin, simple lang naman gusto namin - to fully pay the account - pero ang bagal nilang kumilos. Siguro, kasi they want the interests eh.

  4. any idea how much ang late payment fees? :)

  5. any idea how much ang late payment fees? :)

  6. Is there anyone here who have tried getting a laptop - Macbook Pro - through HomeCredit.Ph? How did it go?

  7. Sabgadgets ok ang home credit but do not go for cash loan. The have offered us Cash loan amounting to 38k it is payable for 36month×2,200monthly so ang total nun is 79,200 .. grabe ang interest sabi nung agent na tumwag saamin 5% interest daw. So nagtaka kami how come 5% lang aabot sya ng 79k as per our computation. So ayunang sabi na lang nya di daw nya madisclose ang interest rates. In disbelief baka nagkamali lang ang first agemt na nag offer kahit na wala kaming balak kumuha tumwaga kami ulit to confirm . So yun nga tama 2,200/month for 36months. Kung di naman kailngan wag nlng mag loloan ng cash sakanila. Gusto ko ngang irwport to sa govt. Kasi sobrang taas ng interest. Malulugi ka big time. Anyway ok naman ang gadget loan nila basta good payer ka walang mahiging problema.

  8. Thank you for your good feedback with our consumer loan. You may visit our website at for more products and promos. For cash loan, we are offering this uniquely per client and thank you for your interest if you are still want to avail this offer you may call our hotline (02) 753 5714 for more details.


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