Monday, January 20, 2025

Samsung PH, UnionBank roll out app-based financing program

In order to make its range of gadgets and electronics more accessible to the Filipino market, Samsung Philippines has partnered with Union Bank to launch Samsung Finance+, an app-based financing program. 

The initiative introduces affordable loan products tailored for Samsung Galaxy devices. It features 0% interest rates, no processing fees, and a downpayment requirement that starts at 0%. 

To take advantage of this financing option, customers simply need to visit any Samsung Experience Store with a valid ID and complete the necessary signup process with a store representative.

The entire application process typically takes about 20 to 30 minutes, and the financing app gets automatically installed with the purchase of the gadget.

Once enrolled, customers will receive notifications regarding their repayment schedules and various payment options. 

At the culmination of the repayment period, users will have the flexibility to either explore new offers through the app or uninstall it if they choose.

Loan repayment terms are available in 6, 12, or 24 months, all featuring 0% interest. Customers can borrow amounts ranging from P15,000 to P120,000.

Min Su Chu, president of Samsung Electronics Philippines, stated: “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.”

The Samsung Finance+ program is now available at over 1,000 retail locations nationwide. Eligible models for financing include the Galaxy A16 LTE and 5G, Galaxy Z Fold6, Galaxy Z Flip6, and the Galaxy S24 Series.

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