How Filipinos With No Access to Credit Can Still Shop and Pay Over Time


In 2017, only 1.9% of Filipino adults owned a credit card according to the World Bank's Global Findex database. It would be easy to think that the banks aren't doing enough to push their credit card services to most Filipinos. But MoneyMax's survey proved that this isn't the case.

Based on the said survey, 22% of respondents cited that the number one reason why they don't own a credit card is its high-interest rates among other credit card fees. On the other hand, 19% of survey respondents attributed their decision not to get a credit card to the slow and tedious process of applying for one. Notably, 18% of those who participated in the survey cited that their lack of financial discipline is the main reason why they chose not to own a credit card.

If less than 2% of Filipinos have credit cards, how can the rest of us who chose to have none still shop and pay for our purchases over time? That is the problem Jungle is solving.

Buy what you love and pay monthly terms with Jungle.

If you shop with a Jungle Partner Store, whether it is online or in-store, you will have the option to pay for your purchase on a monthly basis. This way, you won't need to pay for the product and services you love in full on the spot. All you need to pay is your downpayment and finance the rest through the Jungle app with just a few taps.

Prequalification, the key to real-time approval.

Thanks to technology and prequalification, Jungle provides a real-time approval experience so you won't have to wait at point-of-sale counters or checkout pages of your favorite store. In order to get prequalified for financing your next purchase, all you need to do is to signup and undergo a short prequalification process.

Low-interest rates and no origination, transaction, and hidden charges and fees.

Aside from the seamless financing service Jungle provides through our app, we take pride in offering low-interest rates and charging zero origination and transaction fees, enabling you to lessen the amount you need to loan for your favorite purchases.

With Jungle, you can now shop for the products and services you love at your own terms without a need for a credit card. And you can do all of these while enjoying low-interest rates and zero fees and charges!