When considering buying a property, one of the first things you need to determine is your “borrowing power”. Knowing how much you can potentially borrow will help you find properties that fit your budget.

In this guide, we’ll look at how to calculate your borrowing capacity and what lenders look for when determining the size of a loan. home loan they will offer you.

At Lifehacker, we independently curate and write things we love and think you’ll love too. We have affiliate and advertising partnerships, which means we may earn a share of sales or other compensation from links on this page. BTW – prices are correct and items in stock at time of publication.

The Reserve Bank of Australia raised the cash rate for the seventh consecutive month in November, causing more pain for homeowners, but celebration for savers.

With the cash rate now standing at 2.85%, 275 basis points higher than April 2022, millions of Australians are likely looking for the best interest rate deals for their needs and budgets.

If you’re paying off an adjustable-rate home loan, chances are your repayments will be much higher than they were just a few months ago. However, with most mortgage increases taking about 20-30 days to start from the moment you receive your notification letter, there may be further budget cuts to come.

And if you locked in a fixed rate before the latest hikes, you might be looking at the market and wondering how to protect your budget from the dramatic spike in mortgage repayments on the horizon. If either of these scenarios sound familiar, you might want to consider comparing your options and comparing lower rate home loans.

At the same time, savings accounts and term deposits are offered with interest rates starting with a ‘4’ for the first time in years. So if you’re still earning close to zero interest, it may be worth looking for a more competitive option.

The lowest variable rate home loans for homeowners

In a rising rate environment, if you currently live in the home you own but are struggling to meet your mortgage payments, it may be worth it compare your options and consider refinancing.

Keep in mind that if you’re on a fixed rate, it’s worth comparing your options two to three months before the end of the fixed term, as settlement may take some time.

At the time of writing, the RateCity database shows that the following variable rate home loans (principal and interest) are the lowest available to homeowners following the November rate hike:

1. Bank First Full Home Loan – 4.19% (comparison rate 4.22%)

2. Bank Australia Core Home Loan – 4.24% (comparison rate 4.28%)

3. Hume Bank liteBlue Variable Home Loan – 4.24% (comparison rate 4.24%)

Note: These are the lowest rates expected to take effect following the November spot rate hike. At the time of publication, some rates may not yet be online.

The lowest variable rate mortgages for investors

If rising rates and increased expenses are eroding the potential return on your investment, it may be worth considering lower rate options for your mortgage. Although interest repayments may be considered a tax deduction for investorsit’s always money out of your pocket in every repayment cycle.

At the time of writing, the RateCity database shows that the following variable rate home loans (principal and interest) are the lowest available to investors following the November rate hike:

1. Bank Australia Core Home Loan – 4.54% (comparison rate 4.58%)

2. Hume Bank liteBlue Variable Home Loan – 4.59% (comparison rate 4.59%)

3. Bank First Full Home Loan – 4.59% (comparison rate 4.62%)

Note: These are the lowest rates expected to take effect following the November spot rate hike. At the time of publication, some rates may not yet be online.

High Interest Savings Accounts

The only good news about higher interest rates is that they usually translate into higher rates offered on savings products. And after years of near-zero interest rates, any improvement is worth celebrating.

Whether you’re a fixed and forgetful saver or qualify to earn the highest rate, it’s important not to settle for just your savings account, as there may be higher rates available.

At the time of writing, these are the highest interest rates offered on savings accounts on the RateCity database following the November rate hike:

1. ING Savings Maximizer – 4.30%

2. MOVE Bank Growth Saver – 4.00%

3. St. George/BOM/BankSA Incentive Saver – 4.00%

12 month term deposits with high interest rate

There are several term deposits on the RateCity database now offering rates starting with a ‘4’. If you’re wondering how much you could earn by locking up your funds on a fixed term rate, our research shows that with a balance of $20,000 over a 12-month term, you could earn an extra $840 on your nest egg in just one year.

At the time of writing, these are the highest interest rates offered on 12 month term deposits on the RateCity database (for all adults – no age limit) following the increase in cash rates in November:

1. G&C Mutual Bank 12 month term deposit – 4.20%

2. Gateway Bank 12 month term deposit – 4.20%

3. Judo Bank 12 Month Term Deposit – 4.20%

If you are an income earner, it is essential for you to plan your finances in advance to meet your daily needs and unexpected emergencies in the future. This is where budgeting comes into play. The easiest way to understand your finances is to categorize your total after-tax income into different sections based on your needs and wants.

Now you must be wondering what percentage each section shares. The 50-30-20 budget rule solves your problem in seconds. Before going any further, let’s discover this rule and how it works. The 50-30-20 budgeting rule states that you should divide your total net income, that is, after taking out your taxes, into three categories such as needs, wants, and savings. The total allocation is as follows: 50% of net income is spent on needs, 30% on wants, and 20% on savings for future use.

Manage your home budget with the 50-30-20 budget rule
This is one of the best budget strategy rules for money management. The process is very easy and effective as it teaches you how to use your funds wisely. So, let us explain the division part of this rule in detail:

50% Needs: Of your total income, allocate 50% to needs. These are day-to-day expenses that you encounter regularly such as groceries, groceries, child care, utility bill payments, health care, etc. All household expenses fall into this category. If you see an increase in the needs category, then you need to reduce your wants a bit to keep them balanced. But if it’s overkill, reduce your spending to your lifestyle.

30% want: Allocate only 30% of your net income to your wants. This category is not so essential for survival but for improving your current lifestyle. Since the desires are innumerable, it won’t stop just after satisfying one. The list of wants includes travel, watching movies outside, dining out, personal grooming, and more.

As a rule, navigating your funds within the set limit can be tricky at first, but it depends on how consciously and wisely you spend your money. So next time, before buying a non-essential item, ask yourself this question: “Do I really need this?” » If the answer is “Yes”, then make sure you know why you are buying it.

20% savings: The last part of your net income, 20%, is devoted to savings. This is an important section for anyone earning income because your whole life depends on these funds. While your needs and wants provide the foundation for a better life, saving is the engine that propels you into the future. Here, you have to be non-negotiable at all costs.

Not only do you regularly add 20% each month, but you also build an emergency fund for you and your family, which can come in handy during unprecedented situations. For example, if you lose your job, you should have three months of savings to keep you going. In case you have an outstanding loan payment for the last month, you can withdraw from your savings to release your debt.

If you are planning for retirement, invest in part in tax savings funds, 401k plans, IRAs, etc. Ergo, savings is a financial part of your net income that protects you from ups and downs. So save wisely, save more. The more you save, the richer your life will be.

Benefits of the 50-30-20 budget rule:
Helps you determine your savings: Once you have determined your wants and needs, the funds left over at the end are your savings. The 50-30-20 budget rules help you break down between these categories and give you a clear picture of your income and expenses.

Helps you plan things ahead: To save yourself an unprecedented burden, it is always important to plan ahead. The 50-30-20 budget rule gives you a head start in your financial planning. This rule tells you where and how much to invest and keeps track of your monthly cash flow.

Helps you work on your financial goals: Each person has different financial goals to achieve in their life. The 50-30-20 rule diverts your net income to achieve your financial goals. Although you have so many needs and want to satisfy, this rule arranges them in order according to your priorities.

Preparing you for retirement: Start your retirement planning from the day you started earning money. Don’t wait to retire. Savings being one of the categories of the 50-30-20 rule, set aside some corpus to plan for your retirement. Invest a portion in financial avenues like ULIPs, SGBs, NPS, etc.

Keeps your finances in balance: The 50-30-20 budget rule helps you understand how money works in the real world. It teaches you how to meet your demands while ultimately finding financial balance. For example, 30% is set aside only for needs. You can use it for shopping, traveling, eating out, etc.

Get your most wanted items at 0% interest with home equity at nearly 10,000 stores nationwide

Filipinos’ most anticipated season is just around the corner. It signals the best time of the year to give and share. Prepare to fill your heart with items from your wish list – for you and your loved ones – and embark on the most exciting shopping season of the year.

You want something for your monitors and Monitas? Or did you want to reward yourself for a year of hard work? Better not pout, better not let your wallets cry because a huge eruption is coming to town!

As a holiday gift for Filipino customers, Home Credit Philippines (HCPH), the lifestyle partner of every Filipino, launches the grand festival at 0% interest with more than 50,000 products offered at 0% interest rates at nearly 10,000 partner stores nationwide.

“Giving has always been part of the holiday tradition of all Filipinos. What other way to start the season than to share the fruits of our labor with our loved ones and make their holidays even more special. To make this possible, Home Credit is giving back to its customers by making holiday gifts more accessible and affordable this year by offering items at 0% interest rates to fit every Filipino’s holiday budget,” shares Sheila Paul, Marketing Director of HCPH.

This is indeed the perfect time for Filipino shoppers to make the purchases they want without breaking the bank. From desired phone upgrades, quality appliances and new furniture to awesome tech and digital discoveries, Home Credit has everything you need for your holiday gifts.

Largest 0% interest rate promotion nationwide
Home Credit’s Great 0% Interest Festival is the largest and longest running 0% interest promotion of any BNPL (Buy Now, Pay Later) brand nationwide since April 2022.

Filipino customers can enjoy their holiday shopping experience with Home Credit’s extensive selection of over 50,000 products. From home appliances and furniture, bicycles and motorcycle accessories to electronics and hardware, sports gear and apparel, and more, all offered at 0% interest rates in nearly 10,000 partner stores across the country.

Fulfill your holiday wishes with Home Credit

Check off any items on your wish list because you can now enjoy the purchases you want through Home Credit and its partner brands and retail stores nationwide at 0% interest.

Now you can get your dream gadgets, camera phones and digital devices from the nearest partner brand stores – OPPO, realme, vivo, Samsung, Xiaomi, Acer, Apple, Huawei, Asus and Lenovo.

If you’re looking for new furniture or appliances to give as gifts, or tools and home essentials for your loved ones, you can get them now at Home Credit partner retailers: SM Appliances, Robinsons Appliances , Abenson, FC Home, Home Along , AllHome, Emcor, Auto Center.

Wait, there’s more!
As an added treat, the brand wants to energize your Home Credit holiday experience by releasing an exciting campaign video set to launch November 17 on Home Credit’s official Facebook and YouTube accounts, headlined by the Home Brand Ambassador. Credit, Moira dela Torre.

What are you waiting for? Shop now through the My Home Credit app and visit its partner brands and retail stores near you. Shoppers can now experience the big festival at 0% interest and make the most affordable purchases through January 31.

Home Credit Philippines is a finance company duly licensed and supervised by the Securities and Exchange Commission (SEC) and by Bangko Sentral ng Pilipinas (BSP). To know more about the latest updates from Home Credit Philippines, visit its official website www.homecredit.ph. You can also follow his official Facebook, Instagram and TikTok accounts. Customers are encouraged to download the My Home Credit app from Google Play to learn about the latest promotions and see what’s new in the Marketplace.

Dear reader,

Thank you for your question. The concept your question refers to is that of “gearing”. Simply put, gearing is another term for borrowing in order to invest. Gearing is a great way to generate wealth if the return you can generate from your investment is greater than the cost of borrowing.

In terms of your scenario, the investment you choose should earn a minimum return of over 9% on an annual basis for it to make financial sense for you to withdraw the funds and invest. There are, however, many considerations you need to take into account, and it is advisable to consult with your current financial planner to better understand them before making a decision.

These considerations include:

Liquidity

Depending on the type of investment you choose to invest in, you could forego the flexibility and liquidity of the access bond, which is often used as a savings vehicle for emergency funds. It is important to understand your liquidity position before making any investment decisions.

Cash flow

Removing accessible funds from your home loan will cause your monthly bond repayment to increase, depending on your bond’s interest rate, the remaining term of your bond, and the amount you withdraw. Understanding your budget is an important factor to consider before making this decision.

Borrowing cost

We are currently in a cycle of rising interest rates. Rising interest rates can directly affect your bond repayments if tied to the prime rate. These increases will also result in an increase in your monthly repayment. It is therefore important to understand whether your budget has the necessary capacity to allow for possible future increases in interest rates. Keep in mind that these interest rate increases increase the cost of borrowing and therefore the required rate of return on your chosen investment should be able to surpass this higher rate to maintain its relevance. financial and its relevance.

Income tax

Depending on the nature of the investment chosen, you will need to be aware of potential taxes that may apply to returns or income generated.

These taxes could potentially eat into some of the return on your investment and you will need to take this into account when determining the return required to cover both your cost of borrowing and the amount above this figure that justifies the risk taken.

Although there is no way to know or guarantee that an investment opportunity will outperform your required benchmark by 9% in order to justify withdrawing funds and reinvesting elsewhere, be sure to understand at both the investment opportunities and the possible consequences of accessing this financing so that you are comfortable with both parts of the equation before making a final decision.

It is important to discuss your financial plan with your financial advisor to better understand how all of these factors will affect you and any decisions you will make.

Home Loan Balance Transfer Benefits You Can Benefit From

Your home loan, which was once a lifeline, can become an unmanageable burden over time. It is, after all, a long-term commitment that can span almost three decades, which is a significant portion of the life and work span of an average working Indian. With rising interest rates, inflation, changing banking conditions, and other micro and macro factors, the initial borrowing terms of your current home loan can be daunting.

However, such a scenario is not an ultimate solution for home loan borrowers, and it is always possible to improve the current terms of your home loan with a home loan balance transfer. This procedure allows home loan borrowers to attempt to renegotiate the terms of the remaining balance of their home loan, such as home loan interest rate, repayment term and others, by transferring the remaining loan amount to a new mortgage lender.

The new lender, in turn, pays off your home loan balance to your previous lender, taking over the mortgage on itself, where you repay the outstanding amount to them based on a new repayment schedule. Often, eligible applicants are also offered the option of refinancing their current home loan with a top-up loan of up to Rs. 1 Cr* and sometimes more. This can be especially beneficial for new buyers who are looking for additional financing to furnish their new home or renovate their old home.

Many are unaware of this facility or are discouraged by the lack of information. However, home loan balance transfers are one of the most convenient features available to home loan borrowers, and they will benefit immensely by using it. This article highlights the most important benefits home loan borrowers can get.

Features and Benefits of a Home Loan Balance Transfer

Here are some of the most promising benefits a home loan balance transfer holds for those considering it. Looked:

1. Competitive interest rates on home loans

One of the fundamental reasons for changing lenders is often an unsatisfactory interest rate that borrowers are currently forced to pay. When transferring your home loan balance to the new lender, you may request an interest rate review if your home loan eligibility permits. This can help you pay off your home loan balance with manageable EMIs.

1. Attractive refinancing options

Moreover, home loan borrowers who meet the lender’s eligibility criteria can even avail additional funding in the form of a top-up loan, which can be up to Rs. 1 crore or more. The interest rate on an add-on loan is also reasonable and helps you get financing within your budget.

1. Flexible repayment term

When enjoying your home loan, you may have agreed on a certain term, but you may find that it no longer fits your financial situation. With a home loan balance transfer, you can also expect to get a new repayment term – more suited to your needs, if you meet the lender’s eligibility criteria.

Availing of a home loan balance transfer is quite easy as home loan borrowers can opt for it as long as they have paid off their home loan for at least 6 months. This can be a great relief if you are struggling to meet your EMI commitments and can help you avoid late repayments or defaults, which can threaten your propensity for further loans and your financial stability.

Make sure you have considered all aspects of your home loan before choosing to transfer your home loan balance. Moving only makes sense if you have a large sum pending repayment. However, if you’re nearing the end of your refund term, consider the transfer costs and make sure they don’t exceed your refund balance. Once you’ve done your due diligence, request a home loan balance transfer at the earliest.

]]> https://thebiblepost.com/aggregate-claim-for-interest-on-home-loan-limited-to-rs-2000000/ Sat, 12 Nov 2022 03:21:26 +0000 https://thebiblepost.com/aggregate-claim-for-interest-on-home-loan-limited-to-rs-2000000/

I am staying in a rented house in Mumbai. I have an apartment in Jaipur, which is rented and for which I pay equivalent monthly installments (EMI) on my mortgage. Now I have booked another apartment in Mumbai which is due for possession in March 2025. I have taken out a home loan and borrowed from my wife for the apartment in Mumbai. We are planning to stay in Mumbai apartment. Can I also apply for Mumbai house tax benefits?

Answer: For the rented apartment in Jaipur, you are entitled to claim a deduction at the rate of 30% of the rent you received, in addition to the regular interest you paid.

For the second house, which is still under construction, you will be able to benefit from tax advantages from the year of completion and possession. You will be able to claim the total interest paid during the construction period in five equal installments beginning in the year in which construction is completed and possession is obtained. Since you will be staying in the house, the aggregate claim amount for interest paid to your wife and the bank will be limited to Rs. 2 lakh including one-fifth of the interest paid during the construction period. Note that you cannot offset losses under “main income from home ownership” beyond Rs 2 lakh per annum, whether you own one house or multiple houses. The unabsorbed loss is allowed to be carried forward for eight years for offset against income from home ownership only.

For the repayment of the principal of the home loan to the bank, you can claim tax benefits under Section 80C of the Income Tax Act 1961 up to Rs. 1.5 lakh every year for all the houses taken together.

For Mumbai apartment, you will be able to claim it from the year of completion of the house along with other qualifying items such as the Public Provident Fund (PPF), the savings scheme linked to the equity (ELSS), National Savings Certificate (NSC), life insurance premiums, etc.

Note that you will not be able to claim any tax benefit in respect of the repayment of the mortgage, if any, granted to the bank for the years during which the construction of the house was not completed. No tax benefit is available with respect to the repayment of the loan taken out with your spouse.

I received compensation of Rs. 1 crore for my ancestral farmland, which I used for farming, and which has now been acquired by the government of Rajasthan. The documents were signed on April 30, 2022. I plan to buy another agricultural land within two years. Can I claim a tax exemption on the agricultural land that I will buy?

Answer: First you need to check whether the land was farmland within the meaning of the Income Tax Act 1961. You need to have it reviewed by a chartered accountant based on the location and population of the area where the land is located. If it falls under the definition of “farmland”, you are not subject to income tax on the compensation received.

If the land is not agricultural land within the meaning of income tax, you can still claim the long-term capital gains exemption, if the land has been used for agricultural purposes during of the last two years, either by you or your parents, provided that you invest the capital gains for the purchase of other land to be used for farming within two years of the transfer date.

The land being an ancestral property, it is unlikely that you know its acquisition cost.

You can therefore take the fair market value of this land on April 1, 2001 as the cost price. You can calculate your long-term capital gains by applying the cost inflation index to fair market value on April 1, 2001.

Note that if you are unable to purchase this new land for farming purposes before the deadline for filing your return, i.e. July 31, 2023, you must deposit the amount of the gains in indexed capital into the capital gains account with a bank which you can use to buy the land for farming later.

The author is a tax and investment expert

(Disclaimer: The opinions expressed are those of the author and Outlook Money does not necessarily subscribe to it. Outlook Money will not be responsible for any damage caused to any person/organization directly or indirectly.)

Andrew Ticehurst, senior economist at Nomura, said that after adding 2.75 percentage points to the spot rate since May, taking it from 0.1% to 2.85%, the market was heading for an “environment fine adjustment”.

Headline inflation in the United States (which excludes fuel and food) reached 7.7% on an annual basiswhich was below expectations of 7.9%, down from 8.2% in September and the lowest reading since January.

But while low inflation in the United States depressed market prices, the shock of 7.3% annual inflation in Australia in the September quarter prompted many economists to revise their forecasts.

Jarden chief economist Carlos Cacho updated his peak cash rate forecast from 3.1% in December to 3.5% by the middle of next year.

“[That followed] September quarter CPI printing larger than expected and additional risk to inflation in 2023 given the expected rise in energy prices and the emergence of upward pressure on rents “, did he declare.

Westpac and ANZ both raised their maximum outlook to 3.85%, while the NAB expects 3.6% and the Commonwealth Bank 3.1%.

JPMorgan points to a peak of 3.6%, but not before the start of 2024. Chief economist Ben Jarman said the RBA will soon shut down as advised by Deputy Governor Michele Bullock, but persistent high inflation would force the central bank to start raising rates again in the second. half of 2023.

“We see the optimal policy path as holding back some tightening and continuing to offer a one-month option to do more if the data surprises dramatically to the upside,” Jarman said.

At the upper end of expectations, Judo Bank economic adviser Warren Hogan predicts a peak rate of 4.5% by December 2024.

“An RBA pause is inevitable, but that does not mean the end of the tightening cycle. There is no doubt that stress is penetrating the financial system and even parts of the real economy,” Hogan said.

“Unfortunately, some financial stress will go hand in hand with the adjustments needed to get us back on a ‘balanced keel’.”

Despite the upward shift among many forecasters, a solid rump – six of 24 respondents – believe the RBA will stop at 3.1% next month.

“While inflation is higher than expected; growth is weaker and the risks for 2023 are strongly on the downside. These cancel each other out globally,” said independent economist Stephen Koukoulas.

“The RBA doesn’t want to have its fingerprints on an Australian recession and the only risk of a recession is if the RBA tightens too much.”

Commonwealth Bank’s Australian economics director Gareth Aird said recent communication from the RBA indicated the bank was preparing to take a break.

“After an intentional pause, data should prove in 2023 that there is no need for further rate hikes,” Aird said.

Even ahead of the latest inflation data from the United States, financial markets have lowered their expectations for interest rate hikes next year following a dovish attitude comments from RBA Deputy Governor Michele Bullock on Thursday.

Appearing before a Senate post-budget estimates committee, Ms Bullock said the central bank was getting to the point where “maybe there could be an opportunity to sit and wait and watch a bit”.

“It’s starting to look a lot like Christmas…” as the famous Christmas song goes. In Baguio, you can feel it in the early morning and evening breeze. And we all know what this season means to us Filipinos: it’s the season of giving.

Get ready to fill your hearts with your most wanted items for you and your loved ones and embark on the most exciting shopping season of the year!

You want something for your monitors and Monitas? Or did you want to reward yourself for a year of hard work? Better not pout, better not let your wallets cry because a huge eruption is coming to town!

As a holiday treat for Filipino customers, Real Estate Credit Philippines (HCPH), the lifestyle partner of all Filipinos, launches The Great 0% Interest Festival with over 50,000 products offered at 0% interest at nearly 10,000 partner stores at national scale.

“Giving has always been part of the holiday tradition of all Filipinos. What other way to start the season than to share the fruits of our labor with our loved ones and make their holidays even more special. To make this possible, Home Credit is giving back to its customers by making holiday gifts more accessible and affordable this year by offering items at 0% interest rates to fit every Filipino’s holiday budget,” shares HCPH Marketing Director, Sheila Paul.

This is indeed the perfect time for Filipino shoppers to make the purchases they want without breaking the bank. From desired phone upgrades, quality appliances and new furniture to awesome tech and digital discoveries – Home Credit has everything you need for your holiday gifts!

Largest 0% interest rate promotion nationwide

Home Credit’s Great 0% Interest Festival is the largest and longest running 0% interest promotion of any BNPL brand nationwide since April 2022.

Filipino customers can enjoy their holiday shopping experience with Home Credit’s wide selection of over 50,000 products – from home appliances and furniture, bicycles and motorcycle accessories to electronics and hardware, equipment and activewear, and more – offered at 0% interest rates at nearly 10,000 partner stores across the country.

Fulfill your holiday wishes with Home Credit

Check off any items on your wish list because you can now enjoy the purchases you want through Home Credit and its partner brands and retail stores nationwide at 0% interest.

Now you can get your dream gadgets, camera phones and digital devices from the nearest partner brand stores – OPPO, realme, vivo, Samsung, Xiaomi, Acer, Apple, Huawei, Asus and Lenovo.

If you’re looking for new furniture or appliances to give as gifts, or tools and home essentials for your loved ones, you can get them now at Home Credit partner retailers: SM Appliances, Robinsons Appliances , Abenson, FC Home, Home Along , AllHome, Emcor, Auto Center.

Wait there’s more!

As an added treat, the brand wants to energize your Home Credit holiday experience by releasing an exciting campaign video set to launch November 17 on Home Credit’s official Facebook and YouTube accounts, headlined by the Home Brand Ambassador. Credit – Moira dela Torre.

What are you waiting for? Shop now through the My Home Credit app and visit its partner brands and retail stores near you. Shoppers can now experience the big festival at 0% interest and make the most affordable purchases up to January 31!

Home Credit Philippines is a finance company duly licensed and supervised by the Securities and Exchange Commission (SEC) and by Bangko Sentral ng Pilipinas (BSP). To know more about the latest updates from Home Credit Philippines, visit its official website www.homecredit.ph. You can also follow his official Facebook, Instagram and TikTok accounts. Customers are encouraged to download the My Home Credit app from Google Play to learn about the latest promotions and see what’s new in the Marketplace.

Get your most wanted items at 0% interest rates with home equity at nearly 10,000 stores nationwide!

Manila, Philippines. November 11, 2022 — Filipinos’ most anticipated season is just around the corner, signaling the best time of the year to give and share. Get ready to fill your hearts with your most wanted items for you and your loved ones and embark on the most exciting shopping season of the year!

You want something for your monitors and Monitas? Or did you want to reward yourself for a year of hard work? Better not pout, better not let your wallets cry because a huge eruption is coming to town!

As a holiday treat for Filipino customers, Real Estate Credit Philippines (HCPH), the lifestyle partner of every Filipino, launches The Great 0% Interest Festival with over 50,000 products offered at 0% interest rates at nearly 10,000 partner stores nationwide.

“Giving has always been part of the holiday tradition of all Filipinos. What other way to start the season than to share the fruits of our labor with our loved ones and make their holidays even more special. To make this possible, Home Credit is giving back to its customers by making holiday gifts more accessible and affordable this year by offering items at 0% interest rates to fit every Filipino’s holiday budget,” shares HCPH Marketing Director, Sheila Paul.

This is the perfect time for Filipino shoppers to make the purchases they want without breaking the bank. From desired phone upgrades, quality appliances and new furniture to awesome tech and digital discoveries – Home Credit has everything you need for your holiday gifts!

Largest 0% interest rate promotion nationwide

Home Credit‘s Great 0% Interest Festival is the largest and longest running 0% interest promotion of any BNPL brand nationwide since April 2022.

Filipino customers can enjoy their holiday shopping experience with Home Credit’s wide selection of over 50,000 products – from home appliances and furniture, bicycles and motorcycle accessories to electronics and hardware, equipment and activewear, and more – offered at 0% interest rates at nearly 10,000 partner stores across the country.

Fulfill your holiday wishes with Home Credit

Check off any items on your wish list because you can now enjoy the purchases you want through Home Credit and its partner brands and retail stores nationwide at 0% interest.

Now you can get your dream gadgets, camera phones and digital devices from the nearest partner brand stores – OPPO, realme, vivo, Samsung, Xiaomi, Acer, Apple, Huawei, Asus and Lenovo.

If you’re looking for new furniture or appliances to give as gifts, or tools and home essentials for your loved ones, you can get them now at Home Credit partner retailers: SM Appliances, Robinsons Appliances , Abenson, FC Home, Home Along , AllHome, Emcor, Auto Center.

Wait there’s more!

As an added treat, the brand wants to energize your Home Credit holiday experience by releasing an exciting campaign video set to launch November 17 on Home Credit’s official Facebook and YouTube accounts, headlined by the Home Brand Ambassador. Credit – Moira dela Torre.

What are you waiting for? Shop now through the My Home Credit app and visit its partner brands and retail stores near you. Shoppers can now experience the big festival at 0% interest and make the most affordable purchases up to January 31!

Home Credit Philippines is a finance company duly licensed and supervised by the Securities and Exchange Commission (SEC) and by Bangko Sentral ng Pilipinas (BSP). To know more about the latest updates from Home Credit Philippines, visit its official website www.homecredit.ph. You can also follow his official Facebook, Instagram and TikTok accounts. Customers are encouraged to download the My Home Credit app from Google Play to learn about the latest promotions and see what’s new in the Marketplace.

Follow Out of town travel blog on Facebook, Twitter, instagram, and pinterest if you want more travel and tech related updates.