Oct 10, 2018

Home Credit's 'Trade To Upgrade' Program Launched

The credit card-less Home Credit program allows users to swap their second-hand smartphones as a down payment for an all-new gadget.

Your favorite Home Credit deals have just gotten sweeter with a new program that is bound to replace your second-hand gadgets in an instant.

Home Credit has officially launched its "Trade To Upgrade" program which aims to generate more customers who have limited financial means to make a down payment in their already-established enterprise. The program can cover a financed amount of PHP 3,000 to PHP 60,000 for 6 to 15 months. Users are also provided the option to add cash that is adjacent to the smartphone's value that they'd want to swap with.

For would-be swappers, here are the mechanics.

  • Interested users can swap all brands and models of mobile smartphone.
  • Users can still swap their phone even if the phone is damaged or is the basic phone, provided that the phone is original and is still working.
  • Users can only use one unit per transaction.
  • Phone accessories are not included in the assessment of the unit's value.
  • Users may add cash when the assessed value of their mobile smartphone is lower than the minimum down payment amount.
  • Once the device is evaluated, the Home Credit personnel will provide the final assessed price. Price is already fixed.
  • The loan terms are fixed at 6, 9, 12, and 15 months.
  • The program can be availed in the following stores.
ASUSSM Valenzuela and Ayala Malls Feliz
Fone StyleRobinsons Place Antipolo, Ayala Malls Feliz, Glorietta, Forum Robinsons, SM Masinag, SM Muntinlupa, SM Mall of Asia, SM Sta. Mesa, SM San Mateo, SM Sucat, SM North EDSA, SM Marikina, SM Las Pinas, SM East Ortigas, SM San Lazaro, SM Cubao, SM Fairview, and SM Bicutan
Infinity SM Taytay
New CellwaySM Manila, SM Southmall, and SM Fairview
OPPOFairview Terraces, SM Marikina, and SM East Ortigas
SonySM Fairview
VivoFairview Terraces
  • Upon the application's approval, applicants are required a down payment (at least 20% of the good's price) alongside the origination fee (which 3% of financed amount).
  • Bundles are only set at three items.

You may avail of the Trade to Upgrade program by visiting a Fone Style branch which offers the promo currently and don't forget to bring two IDs. Home Credit claims that the loan approval will only take 10 minutes.