It’s Back-to-School Season - Who should be your go-to financing partner for your gadget needs, Home Credit or Billease?

Back-to-school season is in, and for most parents, it’s now essential to buy their kids a reliable gadget for school. As tuition fees rise, budgeting for school supplies is also important. This is why you need a financing partner that is reliable and convenient.

With the rise of the financing apps, I currently have two that I often use in times of need - Home Credit and Billease. However, I can’t help but put them side by side, especially in terms of how easy they are to use, the terms they consider, and how much they let you fully utilize.

My number one priority when buying a gadget is accessibility. On this alone, Home Credit already leads with 18,000 partner stores nationwide, while Billease still lags behind with limited merchant partners. When it comes to credit limits, Home Credit also remains ahead, offering PHP3,000 to PHP120,000 for new members and PHP150,000 for existing members. For two years, my credit limit with Billease has remained at PHP 39,000, which is a bit low if I were to purchase the gadget I want. I believe you have to wait a few months with Billease to be offered a higher limit, as some start at Php 4,000.00.

With Home Credit, you can also enjoy flexible installment plans, including offers as low as 0% interest, and apply with just one valid ID. Billease also offers installment options, but I haven’t come across any 0% interest deals.

Home Credit has access to Shoppingmall.ph, where they offer a wide range of partner brands and deals you can choose from. Customers can also check their eligibility and get pre-approval through the Home Credit App. Billease also has the same deals page in their app, but I must say that brands are very limited, and you need to be approved for a limit boost because you have to work within your set limit.

When it comes to approval, they have an equal footing in as little as 1 minute. But as Home Credit has been serving Filipinos for 13 years, this shows how much they are trusted in the industry and how they encourage responsible financing through informed financial decisions.

These times call for smarter choices. And this is why, for me, Home Credit is a more flexible option for purchasing gadgets and school-related devices. Not only can I save for everyday essentials, but I am also guaranteed that the gadgets I will buy are authentic and brand new.

Download the Home Credit App now and start your smart financing journey with them.