*Assumes 30% down payment on Galaxy Z Flip5 8+256GB
*Assumes 30% down payment on Galaxy A34 5G 8+128GB
*Terms and conditions apply. In organizing this consumer financing program, Samsung collaborates with UnionBank of the Philippines as a finance company licensed and supervised by the Bangko Sentral ng Pilipinas. The decision regarding consumer financing approval, rests entirely with the finance company. The program is only available at stores that cooperate with the Samsung Finance+ Program.
Offers
As low as 0% Downpayment*
*Downpayment is variable depending on risk scoring
0% Interest Rate
Zero Processing Fee
Samsung Finance+ makes it easy to own Galaxy Products. Quick approval, with just 1 valid ID, you can take home the Galaxy product of your choice.
Samsung Finance+ is an application-based financing program organized by Samsung Electronic Philippines Inc. in collaboration with UnionBank of the Philippines as a finance company licensed and supervised by the Bangko Sentral ng Pilipinas (BSP). This application makes it easier for customers to buy their desired Galaxy Products at 0% interest rate.
Application Process
Visit the participating stories for Samsung Finance+
Final a Samsung promoter and ask about Samsung Finance+
Prepare 1 valid ID for the application, identification, and verification process
Credit applications will be processed quickly and easily
Approval and signing of the credit agreement and receiving of your new Samsung Galaxy device
*The decision regarding the approval of consumer finance rests entirely with the finance company.
FAQ
General information and application for Samsung Finance+
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What is Samsung Finance+?Samsung Finance+ is a platform that allows customers to buy Samsung devices with an affordable monthly amortization scheme. In the Philippines, customers will be able to avail of Samsung Finance+ at 0% interest, with no processing fees.
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What is the difference between Samsung Finance+ and other Microfinancing Platforms?Samsung Finance+ is the new easy way to own a Galaxy device. It promises consumers 0% hassle:
• 0% Interest on device loans
• 0% Downpayment*
• 0% Processing Fee
*As low as 0% downpayment depending on risk scoring -
Where can I apply for Samsung Finance+?Customers can apply for Samsung Finance+ at select participating Samsung stores across the Philippines. See participating store list above.
Samsung Finance+ is not available for now across Samsung.com -
Is there a fee to apply for Samsung Finance+?There is no processing fee for Samsung Finance+
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What are the Tenors available with Samsung Finance+?Samsung Finance+ device loan tenors are available for 6, 9, 12, 18 and 24 months. However, approved tenor is dependent on chosen device and credit scoring.
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How do I know if I am eligible to apply for Samsung Finance+?SF+ is offered to all persons (“Applicants”) who: • Wish to purchase a participating Samsung Device (“Samsung Device”) through the SF+ Loan,
• Apply for the SF+ Loan through the SF+ Merchant app available in participating Samsung stores,
• Are eighteen (18) to sixty (60) years old at the time of application,
• Are of good credit standing at the time of application,
• Are not prohibited under applicable Gifts, Anti-Bribery and Corruption Laws, regulations, and policies from availing of SF+, and
• Are not UnionBank employees or related parties to UnionBank employees.
• Have an active email address
• Have an active mobile number
• Have a valid government-issued ID -
What requirements do I need to apply for a device loan via Samsung Finance+?Only 1 valid government-issued ID to apply for a Samsung Finance+ loan.
The following government-issued IDs are accepted:
a. Passport with Signature
b. Driver’s License
c. Philippine Postal Service ID
d. Professional Regulations Commission ID
e. SSS (Photocard Type) ID
f. Unified Multipurpose ID (UMID)
g. Philsys
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If Samsung Finance+ loan approval is rejected, what will be the cause? And can I apply for a loan again?Samsung Finance+ applicants may be rejected due to the following reasons:
(1) Bad credit history
(2) Mismatch on customer information provided on merchant app vs. ID submitted
(3) Selfie/ ID submission does not meet KYC requirements (ex. Blurry photo, Invalid ID)
Customers may opt to restart a new application or retry for an SF+ loan after 90 days/ 3 months. -
What is the minimum income needed to qualify for a Samsung Finance+ loan?Minimum income required is P180,000 annual gross income, which is around P15,000 per month
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What is Knox Guard?Knox Guard is Samsung's existing security system on phones purchased through the Samsung Finance+ app, which will remind customers to make payments before they are due. This will also enable device locking, if customer fails to pay on the prescribed due date.
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If the device is locked, can it be used?Devices that have been locked, can only be used for making outgoing calls to emergency contacts & SF+ payments only.
The device can be unlocked if the customer has paid the monthly installment. -
Can the customer make repayment before the installment period ends?Customer can pay monthly installments and full loan amount from Samsung Finance+ App
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Can I do Trade-in with SF+?No, the Samsung Trade-in is not available for Samsung Finance+ at this point in time.
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Can Samsung Finance+ be used to buy tablets / accessories / wearables?Samsung Finance+ can only be used to purchase Mobile phones for now. Purchase of Samsung Tablets/ Wearables, Accessories and Samsung Care+ will be available at a later date.
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What are the payment methods available for the consumer?Customers can pay for their Samsung Finance+ Loan via the following offline and online channels:
a. UPay by Unionbank
b. instaPay
c. GrabPay
d. GCash
e. 7-Eleven
f. Palawan Pawnshop
g. Cebuana Lhuiller
h. Credit Card – Mastercard
i. Credit Card - Visa
