Home » Articles » Appliances Loan: Affordable Financing for Your Home Needs

Get the Latest Appliances with an Appliances Loan in the Philippines

Last updated: April 11, 2024
Written by: Alyssa Divina | Reviewed by: Digido Financial Writers Team

Key takeaways:

  • Appliance loans offer access to appliances without immediate cash outlays
  • Various installment plans often come with interest charges
  • Appliance loans can help in improving credit scores
  • Digido – a simple way to finance the purchase of home appliances
  • You can get up to PHP 25,000 to purchase appliances within 5 minutes with Digido
How much money do you need?
10 000
min ₱ 1 000
max ₱ 10 000
You will have to return*: 10 000
All your data is under secure protection!
*Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval
Who can get a Digido loan?
You are 21-70 years old
You are a Filipino citizen
You have a valid government ID

Appliances Loan

Whether you are buying an appliance for the first time or replacing an old one, finding good options that are within your budget can be difficult. And even if you find one that satisfies your needs and preferences, it may not be affordable.

Taking out a appliance loans is a smart choice. It allows you to enjoy the benefits of modern technology immediately, spreads the cost over manageable monthly payments, and often comes with warranty protection for peace of mind. Let’s take a closer look at these loans!

Get a Quick loan for home Appliances!
  • Enjoy a 0% interest rate on your first loan
  • Get up to PHP 25,000 in just 4 minutes

What is Loan for Appliances in the Philippines

Appliances loan is a loan package reserved for members to finance their purchase of appliances. Appliances loan in the Philippines usually refers to a hulugan plan.

Hulugan payments, also known as installments, are used by people to pay for large purchases. This mode of payment is commonly used for items like appliances, cars, electronics, and other products and services that a consumer cannot pay in full. A customer agrees to pay an initial amount of money to buy an item and pays the remainder including interest at staggered rates over a period of time.

Both the seller and buyer make an installment payment agreement in writing containing all relevant informations such as:

  • a detailed description of the product
  • cash value of product
  • the down payment amount
  • the total amount of installments payable
  • the monthly payments which include interest rate and other charges
  • summary of the parties’ rights including option to cancel
  • and the seller’s right to terminate the agreement for a just cause.

Learn about
Gadget Loan Requirements in Philippines

loans for Purchase Appliances

Benefits of Appliances Loan in the Philippines

Appliance loans in the Philippines offer numerous benefits to individuals who need to purchase essential appliances but lack the funds to do so immediately. Here are some of the advantages of appliance loans:

Access to essential appliances without immediate cash outlays

Appliances loan Philippines enable individuals to purchase essential appliances such as refrigerators, washing machines, and air conditioners without having to make an immediate cash outlay. This is especially beneficial for those who require these appliances urgently but may not have the financial means to purchase them outright.

Spread Out Payment

Appliance loans typically offer flexible payment terms and schedules, allowing borrowers to repay the loan in installments over an extended period. You can spread out your payments up to 12 months or more depending on your liquidity time frame.

Practical Spending and Better Financial Tracking

As installment plans have fixed monthly rates, you can create a budget plan and can make other purchases in the future. You can also save for long-term financial plans.  This will give you a clear picture of your overall expenditures and allow you to control and track your finances.

Opportunity to Improve Credit Score

Appliance loans also provide an opportunity for individuals to improve their credit scores. By making timely loan payments, borrowers can demonstrate their creditworthiness to lenders and improve their credit standing.

🔥 Calculate your loan cost and click ‘Apply Now’, 95% of applications get approved!

I want to borrow ₱ 10000
Min: ₱ 1000
Max: ₱ 20000
Payment Terms 10 days
7 days
21 days
My Monthly Gross Income ₱ 20000
You return*: 10 000
All your data is under secure protection!
We recommend taking a loan!

* Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval.

Read How to Know
Your Credit Score in the Philippines

What types of Appliance Loans are Available in the Philippines

In-house financing by appliance stores and manufacturers

In-house financing allows people to purchase and finance goods and services directly from the seller. The financing is provided directly to consumers by retailers or other firms thereby eliminating third-party lenders which provide customers with funds to finish the transaction.

This kind of financing is commonly used for large purchases in the retail sector. Some appliance stores offer zero-percent interest installment plans, which can be a great option for consumers who want to avoid paying interest charges.

Under in-house financing, the store or manufacturer acts as the lender and provides the customer with a loan to purchase the appliance.

Hulugan Appliance Loan

What is a Hulugan Appliances Program?

Certain appliance stores in Philippnes offer a widely popular installment plan known as “Hulugan Appliance”. This payment scheme enables customers to buy appliances and spread the cost over a period of time, making it more affordable and manageable for them. Some popular appliance stores in the Philippines that may offer installment plans like “Hulugan Appliance”: SM Appliance, Abenson, Robinsons Appliances, Anson’s, Western Appliances,  City Best Appliances, Welcome Home Appliances.

“Hulugan Appliance” is a specific installment plan offered by some appliance stores in the Philippines that allows customers to purchase appliances and pay for them in installments.

One of the benefits of “Hulugan Appliance” financing is that it allows customers to purchase essential appliances without the need for immediate cash outlays. Additionally, some stores offer zero-percent interest installment plans, which can be a great option for consumers who want to avoid paying interest charges.

All about
Buy Now Pay Later scheme in The Philippines

Here’s how in-house financing typically works:

  1. Customers select the appliances they want to purchase and indicate that they would like to use in-house financing.
  2. The store or manufacturer reviews the customer’s financial information to determine if they are eligible for financing. This may include a credit check or other financial documentation.
  3. If the customer is approved for financing, they will be offered a loan with specific terms and conditions, including the interest rate, loan amount, and repayment period.
  4. Once the customer agrees to the terms and conditions of the loan, they can complete the purchase and take the appliance home.
  5. Customers will then make monthly payments to the store or manufacturer until the loan is fully paid off.

Bank Loans for Appliances and Credit Lines

In the Philippines, there are several types of bank loans for appliance available for consumers. The most common types of appliances loans include installment plans, personal loans, credit cards, and home loans

  • Installment Plans: Installment plans are a popular way to finance appliance purchases in the Philippines. Under an installment plan, customers can purchase appliances and pay for them in monthly installments over a fixed period.
  • Personal Loans: Personal loans are another option for financing appliance purchases in the Philippines. These loans can be used for a variety of purposes, including purchasing appliances. Personal loans are typically unsecured, meaning that they don’t require collateral, but they can have higher interest rates than secured loans.
  • Credit Cards: Many credit cards in the Philippines offer installment plans that allow customers to purchase appliances and pay for them in monthly installments. Credit card installment plans often come with interest charges.
  • Home Loans for Appliances: Some Filipinos use home loans to finance their appliance purchases. Under a home loan, borrowers can use their home as collateral to secure the loan, which can result in lower interest rates.
    However, home loans are typically used for larger purchases, such as a home renovation or a new car.

Read All about
Build Now Pay Later in the Philippines: Types and Requirements

Best Appliance Loans

Online Lending Platforms and Fintech Services

Online lending platforms are digital platforms that enable borrowers to apply for loans online and receive funds directly into their bank accounts. These platforms use technology to streamline the loan application and approval process, making it faster and more convenient for borrowers to obtain financing.

Fintech is a blend of finance and technology that allows people and businesses to digitally access, manage, or gain insights into their finances or make financial transactions. Some examples include mobile banking, peer-to-peer services, automated platforms.

To use an online lending platform for an appliance loan, borrowers can follow these steps:

  1. Research and compare different online lending platforms
  2. Complete the loan application. Once borrowers have chosen an online lending platform, they can complete the loan application online. This usually involves providing personal and financial information, such as income, employment status, and credit score.
  3. Submit supporting documents. Depending on the lending platform, borrowers may be required to submit supporting documents, such as bank statements, proof of income, and government-issued ID. These documents can be uploaded online or sent by email.
  4. Receive loan approval and funds: If the loan application is approved, the borrower will receive the loan agreement and instructions on how to receive the funds. The funds are usually deposited directly into the borrower’s bank account within a few business days.

Digido is one such platform and one of the best financial technology companies that offers fast online loans in the Philippines that are excellent for buying home appliances. And here’s why!

Digido Loans – a Convenient Way to Finance the Purchase of Appliances

Appliances Loan in the Philippines

Using a Digido loan for appliance purchases can be a convenient and cost-effective way to finance.

Digido provides a wide range of loans from 0% interest for first loans to non-collateral loans of up to Php 25,000. Imagine being able to obtain a home appliance loan from any store in just 10 minutes without ever having to leave your house. All you require is a functional Internet connection. With Digido, you do not need to present a multitude of income verification documents. Simply possessing one government-issued ID is sufficient.

Digido loans can be used for various purposes, including purchasing home appliances.

appliance loan

Here are some of the Advantages a Client can Enjoy with Digido loans for Appliance Purchases:

✅  Quick and convenient application process: Borrowers can apply for a Digido loan online through their website or mobile app. The application process is quick and convenient, and borrowers can receive a loan decision within minutes.

✅  Flexible loan terms: Digido offers flexible loan terms that can range, depending on the borrower’s creditworthiness and financial situation. Borrowers can choose a loan term that best suits their needs and budget.

✅  Competitive interest rates: Digido offers competitive interest rates that are lower than those of most credit cards and other alternative lenders. This can help borrowers save money on interest charges and reduce the total cost of the loan.

✅  No collateral required: Digido loans are unsecured, which means borrowers do not need to provide collateral or security to secure the loan. This can be beneficial for borrowers who do not have assets to pledge as collateral.

✅  Use funds for other purposes: If borrowers have any remaining funds after purchasing their appliances, they can use the money for other purposes, such as home repairs, medical expenses, or education.

Choose Digido Loans to buy Home Appliances 🔥

The Requirements for applying for a Digido loan for Appliances are Straightforward and Uncomplicated:

  • You must be a Filipino citizen within the age group of 21 to 70 years
  • Working mobile connection
  • A government-issued identity card (Payslips, COE, ITR, company ID, and DTI, if self-employed or with busines,  will increase your chances of loan approval)

appliance loan Digido

Learn How to Get
Fast Loan in 15 Minutes in the Philippines

Are you still Considering an Appliance loan? Consider these Three Crucial Tips for Secure Borrowing:

  1. Before applying for a loan with lending companies, it’s important to determine the exact amount you need for your home appliance purchase. This will help you avoid borrowing more than you need and incurring unnecessary debt.
  2. Use the loan responsibly. Make sure you only use the loan for your intended purpose (purchasing a home appliance) and make timely payments to avoid late fees and penalties.
  3. Avoid borrowing more than you can afford to repay, as this can lead to financial difficulties down the line.
Upgrade your home with Digido Loans for Appliances!

Final Thoughts

Purchasing reliable and top-notch home appliances can be quite costly. Thus, it’s crucial to carefully examine the features and specifications of a specific appliance before making a purchase.

However, if you need to acquire an appliance immediately but lack the funds to pay in full, consider exploring the Digido fast loan. This convenient enables you to purchase the necessary items now and pay for them later.

All operations are performed online - you don't have to leave your house
In only 4 minutes you can receive up to 10,000 pesos in your bank account, and up to 25,000 pesos for repeat borrowers.
We don't require guarantors representation, documentation, or guarantee deposits.
We only require 1 government valid ID



  • What Products Are Included in the Hulugan Appliances Program?
    This includes audio videos, home appliances, furniture, computers, gadgets, bikes, musical Instruments, and hardware products.
  • What is an Appliances Loan in the Philippines?
    An Appliances Loan is a type of personal loan that is specifically designed for purchasing appliances, such as refrigerators, washing machines, and air conditioners.
  • How can I apply for an Appliances Loan in the Philippines?
    You can apply for an Appliances Loan through a bank or a lending company in the Philippines or take advantage of store such as Hulugan Appliances Program.
  • What are the requirements for getting an Appliances Loan in the Philippines?
    The requirements may vary depending on the lender, but generally, you need to be a Filipino citizen, at least 21 years old, and have a stable source of income.
  • Can I use an Hulugan Appliances Program for other purposes?
    No, the Hulugan Appliances Program is specifically intended for purchasing appliances only.
  • How long is the repayment period for an Appliances Loan in the Philippines?
    The amount you can borrow depends on the lender and your creditworthiness. Generally, you can borrow anywhere from PHP 10,000 to PHP 200,000.
  • How long is the repayment period for an Appliances Loan in the Philippines
    The repayment period may vary depending on the lender, but generally, it ranges from 6 months to 3 years.
  • Do I need to provide collateral to get an Appliances Loan in the Philippines?
    No, most Appliances Loans in the Philippines are unsecured, which means you do not need to provide collateral.
  • What is the interest rate for an Appliances Loan in the Philippines?
    The interest rate may vary depending on the lender, but generally, it ranges from 12% to 36% per annum.
  • What is the most popular Loan App in the Philippines?
    Digido mobile App is well-optimized and loaded with features. The application is highly evaluated by users and has much positive feedback from those who have already received money with their help.
  • Can I pay off my Appliances Loan early without any penalties?
    It depends on the lender. Some lenders may charge a prepayment penalty if you pay off your loan early, while others do not. Make sure
Disclaimer and Editor’s note


Alyssa Divina
Author pages:
Alyssa Divina pens blog articles about a wide range of topics, such as money matters and government transactions in the Philippines. Prior to joining Digido Finance Corp., she served as a journalist for Charlton Media Group, a business news magazine, for two years. She holds a degree in Journalism from the University of the Philippines Diliman.
Digido Financial Writers Team is a team of experts in the field of finance and credit, specializing in writing articles for Digido blogs.

Digido Reviews

  • Juanito
    Digido's loan for appliances made it possible for me to finally upgrade my kitchen with a brand-new oven. The online application process was smooth, and I received the loan amount in no time. Maraming salamat, Digido!
  • Sheila
    Digido made it possible for me to get the appliances loan I needed. Being rejected by banks was disheartening, but Digido came to my rescue. I'm grateful for their support.
  • Emее
    As a repeat borrower, I can vouch for Digido's excellent services. They not only offer loans for appliances or other purpose, but also increase the loan amount for returning customers. The fact - they require only one ID.
Submit review
Submite review
Thank you for review!
Rating (5/5) 265 voted. Rate us

Download our app

  • Borrowing 24/7
  • Approval rate over 90%
  • 1 Valid ID