Home Credit Philippines launched its Hulog-gaan Installment Plan. This is Home Credit’s first-ever bundle product that allows consumers to buy a number of lower-priced items in bulk. Hulog-gaan also allows shoppers to pay for these items through affordable installments.
Through Hulog-gaan, Home Credit now allows financing of commodities such as clothing, bags and accessories, toys, and electronics. These items are on top of what the company already finances such as smartphones, tablets, home appliances, and sporting goods.
“Our installment plans before are primarily for big purchase items. We wanted to provide the same financing options for those who have a lot of different wants and needs, and be able to afford them all in one go,” said Chief Marketing and Product Officer Franchette Cardona.
Through the Hulog-gaan installment plan, shoppers can now buy any of the covered items as long as they fit the P25,000 maximum price for the bundle. Customers can choose between P3,000 to P20,000 financed amount, which they can pay for nine to 12 months. Home Credit’s Hulog-gaan can be applied to their Standard, Easy Plan, Flex10, and Gift Payment loans.
Moreover, consumers can include a maximum of five product entries, with multiple items under one category counted as one bundle entry, as long as it fits the P5,000 maximum amount per entry. Exceptions on categories covered by Hulog-gaan are jewelry, watches, smartphones, and tablets.