SB Finance Co. Inc. and Davao-based appliance and motorcycle dealer Emcor Inc. signed a memorandum of agreement allowing their customers to buy various products on installment.
Under the partnership, customers who use SB Finance’s credit line called “Hooloogan” can avail of financing options with no downpayment required.
“Hooloogan” offers a credit line for as high as P200,000 that customers can use to purchase appliances, furniture, laptops, smartphones, motorcycles and three wheelers at partner establishments through the “Pay Hooloogan” facility.
Customers can avail of payment options from three months to 48 months.
“Through our partnership, we will be able to reach more Filipinos to make our vision of being the launch-pad of their dreams a reality,” SB Finance President Abbie Marie D. Casanova said.
Founded in 1976 as Engineering and Machinery Corp., Emcor has been in the selling and distribution industry for over 46 years. To date, it operates 154 stores in Visayas, Mindanao and Palawan and is a strong player in the retail of motorcycles, home appliances, furniture, computers and information technology products.
Emcor President and COO Nelson M. Aparejo said their partnership with SB Finance “would give customers more payment options to get the things they aspire for.”
Aparejo said they are optimistic that through “Pay Hooloogan,” “more Filipinos will be able to get the things they want, on their terms.”
Michael Albert R. Rallonza, head of consumer finance of SB Finance, said the partnership is important to promote financial inclusion in the Visayas-Mindanao regions.
“This truly is a partnership that will further enable us to serve our communities in the best way we can,” Rallonza said.
SB Finance is a partnership between Security Bank Corp. and Bank of Ayudhya (Krungsri) in Thailand. SB Finance offers multi-purpose personal loans to pay for essential expenses and cover cash needs for education, business and obligations.