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Your Easy Guide to Buying Phones on Installment in the Philippines

Last updated: June 26, 2023

Key takeaways:

  • Buying a phone in installments in the Philippines allows you to pay for your phone in monthly installments over a period of time, usually with low or zero interest rates.
  • Buying a phone in installments in the Philippines requires you to meet some requirements and criteria, such as having a valid ID, proof of income, a stable source of income, and a good credit history.
  • If you don’t have enough money to buy a new phone, you can avail a fast loan at 0% interest for the first time with Digido, a trusted online lending platform in the Philippines.

Imagine this: you’re walking down a busy street in Metro Manila, taking care of your daily errands. Suddenly, your phone – an old model that’s seen better days – gives up on you. The screen freezes for the umpteenth time, and this time, it refuses to recover. You need a new phone, but the latest models come with a hefty price tag that’s difficult to pay all at once.

This is a scenario many can relate to. But what if there was a way to get that sleek, new phone you’ve been eyeing without breaking the bank? Welcome to the world of phone installments. With this comprehensive guide, we’ll take you through the journey of buying a phone on installment in the Philippines. Whether it’s your first time considering this option or simply looking for more information, this guide has got you covered.

Installment Phones

Understanding Phone Installment Plans

Phone installment plans are a way of buying a new phone without paying the full price upfront. Instead, you pay a small amount of money down (or none at all), and then you pay the rest of the phone’s cost in monthly payments over a period of time, usually 12 or 36 months.

What is the Mobile Phone Installment Experience Like

Getting a phone on installment has become easier since you do not have to go to a physical store. Now, you can simply buy a phone on installment online by verifying yourself on their website and applying for an installment.

How to Get Cellphone Installment Without Down Payment Philippines

Additionally, most smartphone manufacturers don’t require a down payment to buy a phone in installments. You will just choose a timeframe and make monthly payments until you pay the phone off.

👉 Buy Now, Pay Later

Many companies, including Samsung, even offer buy now, pay later financing options. These programs allow you to get a phone with no down payment starting at 0% interest.

👉 Cellphone Manufacturer Financing

Cellphone manufacturer financing is a type of phone installment plan offered by major phone manufacturers, such as Apple or Samsung. It allows you to buy a new phone from the manufacturer’s website or store and pay for it over time with low or zero interest rates.

👉 Retail Smartphone Financing

Another option for a phone installment plan is retail smartphone installment financing, which is when you buy a phone from an electronics retailer that sells phones, such as Robinsons Appliances. It allows you to buy a new phone from the retailer’s website or store and pay for it over time with low or zero interest rates.

Beyond the typical manufacturer and retail financing, online lending platforms, banks, and telecom providers offer a multitude of choices for phone installment plans. Here’s a deeper look into these additional options.

✅ Online Lending Platforms

best loan app philippinesv

In recent years, online lending platforms like Digido and Tendopay have emerged as popular sources of phone installment financing in the Philippines. These platforms make it quick and easy to apply for a loan for a phone, with the entire process handled online. They often offer competitive interest rates and flexible payment terms, making them an appealing option for many buyers.

✅ Bank Financing

Some banks in the Philippines also offer phone installment plans, especially to their credit card holders. These plans usually come with the advantage of lower interest rates and extended payment terms. Plus, they may offer additional benefits such as reward points or cashback.

✅ Telecom Provider Financing

Telecom providers such as Globe Telecom and Smart Communications offer their customers the option to purchase phones on installment plans. These plans often come bundled with a postpaid plan, combining your phone and service bills into one convenient payment. This option can be particularly attractive if you’re already planning to use the provider’s services.

Installment Purchase vs. Cell Phone Leasing

Installment cellphone purchases are different from leasing a phone. When you finance a phone, you own it at the end of the finance term, while leasing only allows you to use the phone for a set time period and return it later. Leasing may be better for businesses that must supply phones to employees.

Also Read all About
Phone Loan

Best Providers of Phone Installment Philippines

Provider Features Benefits Requirements
🟣  Samsung Financing
  • Offers financing for Samsung phones and other products -Available online and at authorized dealers
  • Flexible payment terms from 3 to 36 months
  • Zero interest rate for selected models – Exclusive perks and discounts from Samsung
  • Trade-in discounts for old devices
  • Easy application and approval process
  • High-quality service and warranty from Samsung
  • Wide range of phone models and brands to choose from
  • Competitive interest rates and fees
  • Revolving line of credit that can be used for future purchases
  • Must have a account
  • Must apply for a Samsung Financing Program Account
  • Must undergo a credit check and meet the credit criteria
🟣 Tendopay
  • Offers online loans for phones and other purposes
  • Available online and through their mobile app
  • Flexible loan amount from ₱2,000 to ₱30,000
  • Flexible loan term from 2 to 12 months
  • Zero interest rate for first-time borrowers
  • Fast and easy application and approval process
  • Convenient loan disbursement and repayment methods
  • High approval rate and low requirements
  • No collateral or guarantor needed
  • No credit card required
  • Simple and transparent service
  • No hidden charges
  • Can be used at over 250 partner merchants
  • Must be a Filipino citizen aged 18-65 years old
  • Must have a valid government-issued ID
  • Must have a valid email address and mobile number
  • Must have a stable source of income
🟣 Home Credit
  • Offers in-store loans for phones and other products
  • Available at over 9,000 partner stores nationwide
  • Flexible loan amount depending on the product price
  • Flexible loan term from 6 to 24 months – Competitive interest rates and fees
  • Fast and easy application and approval process – Convenient payment methods such as cash, debit card, online banking, or Home Credit Pay app
  • Can buy any phone model or brand at partner stores
  • Can get approved in minutes with just two valid IDs
  • Can enjoy free insurance coverage for the phone
  • Must be a Filipino citizen aged 18-68 years old
  • Must have at least two valid IDs (one primary and one secondary)
  • Must have a stable source of income

Note: The information about loan providers presented in the text is subject to change and borrowers are advised to contact their chosen financial or lending company directly for the most updated information.

Get Your Dream Phone with a 0% 🔥 Interest Loan from Digido

Want a New Phone but short on cash? Get a 0%  interest loan with Digido!

Digido is a reliable online lender in the Philippines that offers fast and easy loans for phones and more. You can apply online or via their app and get approved in minutes.

Digido App

Benefits of Buying a Phone With Digido

  • Buy your dream phone now, without saving for months or years
  • Enjoy the best features and technology of your phone without settling for less
  • Build your credit score and history by paying your loan on time, which can help you get better loans in the future
  • Save money on interest and fees by getting the 0% interest offer for first-time borrowers, which is unique among other lenders
  • Trust Digido’s simple and transparent service, which has high approval rate, low requirements, no collateral or guarantor needed, and no hidden charges.

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

Apply now

Requirements to buy a Phone in installments in the Philippines

The requirements may vary depending on the provider you choose, but generally, you need to meet the following criteria:

  • Be at least 18 years old
  • Be a Filipino citizen or a resident alien
  • Have a valid ID
  • Have proof of income
  • Have a stable source of income
  • Have a good credit history

Some providers may also require you to have a credit card, a bank account, a collateral, or a guarantor.

What are the Risks of Buying Installment Phones Philippines

Buying an installment phone in the Philippines has many benefits, but it also has some risks that you should be aware of. Some of the risks are:

  • You may end up paying more than the actual value of the phone due to interest and fees
  • You may damage or lose your phone before paying off your installments, which can affect your credit score and history
  • You may miss or delay your payments due to unforeseen circumstances, which can incur penalties or charges


  • What is phone installment plan?
    These are structured payment plans allowing you to purchase a new phone by making smaller payments over a designated period, typically ranging from 24 to 36 months, instead of paying the full price all at once.
  • How do installment plans and phone leasing differ?
    When you buy a phone on an installment plan, you own the phone after the payment term concludes. In contrast, leasing only permits you to use the phone for a specified period before returning it.
  • What is the usual overpayment when buying a phone on an installment plan?
    While some companies offer 0% interest rates for certain periods, others may charge varying interest rates, typically ranging from 5% to 30%
  • Are there any companies that offer 0% interest on phone installment plans in the Philippines?
    Yes, there are several companies, such as Samsung Financing and Digido, which occasionally offer 0% interest rate financing options for specific periods or for first-time borrowers.

Buying a Phone in Installments | Bottom Line

Buying a phone in installments in the Philippines is a convenient and affordable way to get your desired device without paying upfront. You can choose from different financing options, such as cellphone manufacturer financing, retail smartphone financing, or online loans, to get your phone today!

Apply now

Note: Loans are based on the client’s credit worthiness and underwriting policies of the Corporation and means that your lender verifies your income, assets, debt and property details in order to issue final approval for your loan.

Disclaimer: This article was written based on information available to the writer at the time of publication and the article was published for promotional, reference, and educational purposes only. Nothing in the articles published in the website is intended to constitute legal or financial advice and users are advised to seek counsel from legal and financial professionals.

Likewise, rates or offers published in the websites are promotional marketing offers only and do not constitute any binding contract between the Corporation and the website users.
While the writers and publishers of the articles in the website wrote the articles using credible information available to them at the time of publication, any changes or updates to the information presented in this article may not be reflected here.

Hence, users are enjoined to exercise appropriate diligence in using the data and information published in the website, and they are urged to study and compare it with other credible sources. Users understand that the writers, publisher, website owner and the Corporation are not liable for any damage or injury they sustained for their wrongful or erroneous use of the data or information written in the article and published in the website.


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

  • Syano
    Looking for smartphone installment deals led me to Digido. This fast online service allowed me to bypass phone installment plan and buy my phone immediately. It was a seamless experience!
  • Angela
    I was considering mobile phone installment options when I came across Digido. What a find! The process was so simple, quick and I was able to buy my phone with their loan service the same day!
  • María Elena
    I initially wanted a smartphone installment plan but Digido made things easier. They offer instant online loans with 0%!! I applied using only 1 ID and got my loan approved swiftly. Thanks, Digido! 👍👍👍
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