Home Credit Philippines partners with EMCOR to finance motorcycles for the first time

Home Credit Philippines (HCPH), the country’s leading consumer finance company, and EMCOR Incorporated, a leading retailer of quality goods, have joined forces to officially launch HCPH’s first-ever motorcycle financing program in Davao City, on August 14, 2024.

This partnership recognizes motorcycles’ critical role in mobility, transportation, and the economic opportunities they enable for Filipinos. Through this program, HCPH aims to provide Filipinos with flexible and accessible financing options for purchasing motorcycles.

“We’re glad to announce, after working through this for some time, that we are finally opening our doors to financing motorcycles through Home Credit. We’ve always been proud that we’ve brought speedy and convenient financial services to our customers, and I believe that this partnership with EMCOR will help us open new opportunities for Filipinos.

“We saw a gap in motorcycle financing, and we want to bring the same speed and convenience Home Credit has been known for to motorcycle financing with our 5% monthly amortization. We pride ourselves on our fast approval process, and this still applies here. With just one-minute approval time, our customers can walk out of the shop with their brand-new motorcycle,” Puneet Suneja, HCPH Chief Sales Officer, said during the launch. 

Unlocking new adventures: Ride to the beat of the drums

To celebrate the launch of their motorcycle financing program, Home Credit Philippines and EMCOR hosted a grand motorcade in Davao City. The event featured more than a hundred contingent riders, including Home Credit and EMCOR employees, motorcycle brand partners, moto vloggers, and motorcycle enthusiasts.

The motorcade traversed the city’s major thoroughfares, passing through key EMCOR branches in Agdao, San Pedro and culminating in Bajada. A short program and motor showcase followed, featuring performances from the Lapu-Lapu Dance Company and Ferocity Dance Crew, messages of solidarity from motorcycle brand representatives, and a tour of the EMCOR motorcycle showroom. The event concluded with a press conference at the EMCOR Bajada Gymnasium attended by influencers, bloggers, and members of the Davao press.

Home Credit and EMCOR mount a grand motorcade across Davao City
to celebrate the launch of their motorcycle financing partnership.

Start of something great: A game-changing motorcycle financing program

“We are honored to be chosen by Home Credit as their partner for motorcycle financing,” Nelson Apararejo, EMCOR President and Chief Operations Officer, said.  “This project will be a game-changer for Filipinos in Metro Davao, and we look forward to bringing this opportunity to other regions soon.”

The program offers competitive monthly amortization rates, making motorcycles more accessible to more Filipinos. Initially launched in Davao City, the program is slated to expand across Visayas, Mindanao, and Palawan in partnership with EMCOR stores.

Both HCPH and EMCOR are committed to providing quality products and ensuring sufficient motorcycle unit availability. Partnering with leading motorcycle brands like Yamaha, Suzuki, Skygo, and Kinko, they aim to meet customer demand and overcome potential supply chain challenges.

“Together with our partner motorcycle dealers, we will do our best to provide the motorcycle units that Home Credit customers will buy. Even with the prevailing shortage on some critical models, we assure our customers that this will be a fruitful success,” Alconrey Questo, EMCOR Senior Vice President of Store Operations, said.