Product Loan
Gadget installments — buy now, pay monthly with Salmon
Get your dream gadgets in easy, monthly installments
Gadget installment calculator
Enter your desired gadget's retail price to see your estimated monthly payments
Terms and Conditions apply. POS Loans is a product offered by Salmon Finance Inc. (formerly Sunprime Finance Inc.) LoanOnline, powered by the Salmon app, serves as the online lending platform for Salmon Finance Inc., a licensed financing company regulated by the SEC with CA No. 1241 and CR No. CS201916698.
Popular gadget models on installment
Discover the most in-demand gadgets and electronics customers buy with Salmon
Smartphones
Tablets
Headphones
Smart watch / fitness band
Power and mobile accessories
Gaming сonsoles
How Salmon installments work
Don't pay in full for your gadgets — pay in easy monthly installments. Salmon’s online application only takes a few simple steps
Choose your gadget
Find the device with your desired specs. Refer to the catalog and our installment calculator to determine the price and loan terms that fit your budget.
Apply within a few minutes
Fill out a short form with your personal and financial information. The entire process takes a few minutes — with quick approval to follow. You may also apply via Salmon app.
Get approved and pick up your gadget
Submit your easy application online. Once approved, confirm the financing terms online, then visit any Salmon partner store to pick up your new gadget.
Easy requirements to apply for a gadget installment
Meet the following criteria to get instant approval and finalize the total payment for your gadget
Must be Filipino and at least 18 years old
One valid government ID
Stable income
Email and Philippine mobile number
Why choose Salmon for gadget installments
Choose a gadget installment plan with a fast application process, clear, upfront payment terms and without credit card requirement
Wide Selection
Easily find suitable upgrades from a wide selection of gadgets available in our catalog — from mobile devices to wearables.
Competitive pricing
All costs are clearly shown in your installment offer: monthly payments, the total repayment amount, and any interest or fees. No hidden charges or unexpected add-ons.
Convenient shopping
Advanced security features like face scans and two-step verification, combined with AI-powered fraud detection, helps protect Salmon customers and their data in every transaction.
FAQ
A gadget installment is a convenient way for you to purchase eligible electronic devices through monthly payments instead of one full payment through financing options like Salmon Product Loan. With Product Loan, you can review the item’s total price, your monthly payments, and any required down payment in our offer before you decide.
To apply for a gadget installment with Salmon Product Loan, follow these steps:
- Visit the Salmon website or mobile app
- Choose your preferred Product Loan amount based on the type of gadget you want to buy and your budget. Use the Product Loan calculator to review your monthly payment and down payment options.
- Fill out and submit the online Product Loan application form. Salmon will check your application and let you know right away if you receive online approval.
If your application is approved online, you can proceed to the next step and continue applying at a partner store. Please take note that you must still complete the final approval process with the help of a Salmon sales ambassador.
Here’s how to complete your application in-store:
- Visit a Salmon partner store that sells gadgets. Check our location directory to find a partner store near you.
- Inside your selected store, approach our Salmon sales ambassador. They will help continue your application and confirm final approval from Salmon before you sign the loan agreement.
- Once your application is fully approved by Salmon, sign the loan agreement and claim your gadget on the same day
Here are the usual requirements for a gadget installment in the Philippines, particularly with Salmon:
- One (1) valid ID - see our list of valid IDs at Salmon
- A stable or steady source of income (whether employed or self-employed)
- An active Philippine mobile number
- A personal email address · Be at least 18 years old
You can get a wide range of electronics through gadget installment options like Product Loan. This can include smartphones, laptops, tablets, wearable devices such as smartwatches, and other devices, depending on your eligibility and item availability.
Salmon Product Loan offers flexible terms, including 4, 6, 9, 12, and up to 24 months plus various down payment options depending on your approved offer and the partner store. Your fees and interest rate depend on your profile, the gadget, and the loan term you choose.
In some cases, you may qualify for a 0% down payment (zero down payment) offer, depending on your eligibility and current promotions. When you review your loan offer, you will see the total cost, final down payment, monthly payments, and any applicable charges clearly.
To estimate how much you need to pay for your gadget installment every month, you may try our Product Loan calculator.
Gadget installments under Product Loan typically range from ₱1,000 up to ₱60,000, depending on eligibility and store policy. The exact amount available to you will be reflected in your loan offer.
If you have not yet signed the loan agreement and claimed the item, you may choose not to proceed. Once the agreement is signed and the item is released, cancellation will follow the partner store’s return policy.
