Home Credit Expands into Motorcycle Financing, Partners with EMCOR

DAVAO CITY, Philippines – Home Credit Philippines (HCPH), the country’s leading consumer finance company, has announced a strategic partnership with EMCOR to offer motorcycle financing, making two-wheelers more accessible to Filipinos.

As the popularity of ride-hailing and food delivery services continues to surge, motorcycles have become indispensable for many Filipinos.

According to Statista, motorcycles are among the most preferred modes of transportation in both public and private sectors. The motorcycle market is booming, with revenues projected to reach $5 billion by the end of 2024.

“As the Filipinos’ financial ally, we are committed to providing our customers with offers that enhance their livelihood and deliver everyday convenience,” said Puneet Suneja, Chief Sales Officer of HCPH.

“As we now make motorcycles more accessible to those who need them for their personal and professional use, we look forward to providing more Filipinos the needed support to achieve their goals. With accessibility in mind, we are also optimistic that this will be a great contributor in sustaining the growth of the transportation industry in the coming years.”

The partnership with EMCOR, a well-established brand in the Filipino motorcycle retail industry, reflects Home Credit’s mission to deliver customer-friendly financial solutions.

Since its establishment in 2013, Home Credit Philippines has financed over 80 types of commodities.

With this recent launch, motorcycles join the diverse list of financed items, which includes smartphones, televisions, computers, and even farming equipment.

“Motorcycles bring opportunities, and we want to make these opportunities realized and more accessible to Filipinos through flexible and affordable monthly installments,” Suneja added.

“Financing motorcycles aligns with Home Credit’s commitment to helping its consumers live more rewarding lives. Through this new product offering, those without many bank options will still have the chance to own transportation that can help them improve their overall quality of life.”