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| Samsung Electronics Philippines Corporation (SEPCO) President Min Su Chu and UnionBank Institutional Banking Head Ana Aboitiz-Delgado shake hands for the launch of Samsung Finance+ in the Philippines. (Image Source: Samsung Electronics Philippines Corporation) |
Samsung, in partnership with UnionBank, introduces Samsung Finance+, the company’s dedicated flexible payment option for Galaxy devices in the Philippines. Samsung Finance+ is an application-based financing program by Samsung Electronics Philippines Corporation (SEPCO) in collaboration with Union Bank of the Philippines as a finance company licensed and supervised by the Bangko Sentral ng Pilipinas (BSP). This application allows customers to buy their desired Galaxy Products at 0% interest, no processing fees, and as low as 0% downpayment. This application provides several benefits to the customers such as access to credit, ability to upgrade devices, and a convenient application process. Customers can apply for the loan via Samsung Finance+, available in all Samsung Experience Stores and in over 1,000 partner retailers nationwide.
The application process is fully digital and takes 20-30 minutes. Once approved for the loan, they can choose the device for purchase through Samsung Finance+. Samsung Finance+ provides more flexibility than other financing plans with 0% interest, no processing fees, and as low as 0% downpayment subject to bank approval. Approvals can also be turned around more quickly, needing only one valid government-issued ID. Samsung also ensures better security through Samsung Knox Guard, which enables protection schemes against theft, loss, or financial default. With hardware-level security built from chip-up, Samsung devices are extra protected against fraud and theft in case customers experience loss while the device is still on loan. With Knox Guard, Samsung Finance+ can also protect one’s phone should it get lost or stolen as the system can lock the phone once theft or loss is reported. With Samsung Finance+, Samsung now has a gateway to help more Filipinos to build good financial habits, providing a structured framework for effectively managing one’s budget. Once the loan is approved, the Samsung Finance+ customer app is auto-installed in the new device which allows the user easy access to all the information they need regarding the loan – including repayment schedule, and options for payment.
SEPCO President Min Su Chu shared his thoughts during the launch event, saying, “Our goal is to provide the opportunity for more Filipinos to experience the Galaxy ecosystem. With Samsung Finance+, owning a Galaxy device is now easier, more accessible, and worry-free than ever before.” UnionBank Institutional Banking Head Ana Aboitiz-Delgado was also present at the event. She shares, “UnionBank is proud to partner with Samsung in making innovative technology more accessible to Filipinos through Samsung Finance+. Together, we are empowering more individuals to achieve their goals and stay connected in a digital-first world.” Partner dealers of Samsung were also present at the event, sharing their experience with Samsung Finance+ and how they saw the platform encouraging more customers to buy Galaxy phones. They also shared their expectations on how the Samsung Finance+ will progress with consumers, with the upcoming rollout plans in 2025.
Samsung Finance+ is available now at more than 1,000 retailer stores in the Philippines. Purchasing Galaxy smartphones through Samsung Finance+ surely is a saver and great deal for customers. You may now avail the latest Samsung Galaxy devices – Galaxy A16 LTE and 5G, Galaxy Z Fold6 and Galaxy Z Flip6, and the Galaxy S24 Series via Samsung Finance+ for up to 24 months at 0% interest. Downpayment may vary subject to bank approval.
