Shopping just got more exciting with Home Credit’s Hulog-gaan Installment Plan
If you will be given a shopping basket to fill and a
maximum of Php 25,000 budget, what will you grab off the shelf first? Will you
stock up on new wardrobe pieces? Perhaps you’ll fill it to the brim with
electronics? Home Credit Philippines, the leading consumer financing company in
the country has just made this too-good-to-be-true scenario a reality with its
launch of Hulog-gaan, their first ever bundle financing product that lets
consumers buy a number of lower-priced items in bulk, and pay for them through
affordable installments.
The company’s newest installment package allows
financing of commodities that Home Credit didn’t previously finance. Some of
the commodities that can be covered by Hulog-gaan are clothing, bags and
accessories, toys, and electronics. These items are on top of the commodities
that Home Credit already finances like smartphones, tablets, home appliances,
and sporting goods.
Chief Marketing and Product Officer Franchette Cardona
says that the Hulog-gaan installment allows Home Credit to cater to more
customer needs than ever before. “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.”
Using the Hulog-gaan installment product, shoppers can
now buy any of the covered items as long as they fit the Php 25,000 maximum
price for the bundle.Customers can choose between Php 3,000 to Php 20,000
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.
Shoppers can include in their bundle a maximum of five
product entries, with multiple items under one category counted as one bundle
entry as long as it fits the Php 5,000 maximum amount per entry. Exceptions on
categories covered by Hulog-gaan are jewelry and watches and smartphones and
tablets.
This isn’t actually the first time that Home Credit
has offered bundling installment plans. The market leader also has a regular
bundling plan for those who want to buy higher-priced items in a package.
“We want to be there for the customer, whoever they
are and wherever they are. That’s why we are developing innovative tools such
as our mobile app, and developing new financing products like the Hulog-gaan product,”
explains Cardona. “It’s all about enhancing the customer experience through our
products and services.”
Home Credit, which has recently shortened its approval
time to a minute, is now focused on reshaping the shopping landscape for
everyone by providing them with more financial products and a better, easier
experience. The Hulog-gaan is offered on the following stores you can find on
this link.
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