Loans and Credit

Major Loan Credit Facility: BPI and Home Credit Finalize 7 Billion Loan Agreement

(source: Home Credit Philippines)

Home Credit Philippines has recently secured a loan of PHP7 billion from BPI, the bank’s third time and largest amount ever lent to the financing firm.

“We are glad to support Home Credit by providing tailored solutions to enable their financial inclusion initiatives to thrive and at the same time, improving the quality of life for Filipinos, enabling them to do more. This forms part of our vision to help build a better Philippines – one family, one community at a time,” shared BPI president and CEO Jose Teodoro Limcaoco

As the largest consumer finance company, it has served around 10.4 million customers nationwide by offering financing options that are easy to afford and apply for. It has also developed innovative loaning opportunities for those who earn less than PHP20,000 a month.

“This local loan credit facility will enable us to better serve our 10-million strong customer base, allowing us to expand access to credit opportunities for more Filipinos,” said Home Credit Philippines director and treasurer Zdenek Jankovsky.

Home Credit Philippines is authorized and regulated by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).

Written by
Tech Beat Philippines

Tech Beat Philippines is the social media news platform for all things technology. It is also a part of the GEARS section on Daddy's Day Out.

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