Product Loan
Mobile phone installments – buy now, pay monthly with Salmon
Pay for your brand new mobile phones via easy, predictable installment payments
Mobile phone installment calculator
Enter your desired mobile phone retail price to see your estimated monthly installment
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 mobile phone models on installment
Discover the most in-demand mobile phones customers purchase with Salmon
Vivo
From ₱32,702
Infinix
From ₱23,028
Oppo
From ₱21,682
Tecno
From ₱20,694
Honor
From ₱18,002
Realme
From ₱15,898
iPhone
From ₱10,993
Samsung
From ₱6,638
How Salmon installments work
Don't pay in full for your mobile phone — pay in easy monthly installments. Salmon’s online application only takes a few simple steps
Choose your mobile phone
Find the phone model with your desired specs and storage. Use the catalog as a reference and our installment calculator to determine the 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 only takes a few minutes — with quick approval to follow. You may also apply via Salmon app.
Get approved and pick up your mobile phone
Submit your easy application online. Once approved, confirm the installment terms online, then visit any Salmon partner store to pick up your new mobile phone.
Easy requirements to apply for mobile phone installment
Meet the following criteria to get instant approval and finalize the total cost of your mobile phone
Must be Filipino and at least 18 years old
One valid government ID
Stable income
Email and Philippine mobile number
Why choose Salmon for mobile phone installment
Choose a mobile phone installment plan with a fast application process, clear, upfront payment terms and without credit card requirement
Wide selection
Easily find an upgrade from a wide selection of mobile devices.
Competitive pricing
Price lists include a transparent breakdown of costs and expected monthly. No hidden fees.
Convenient shopping
The process is starts online — from browsing our mobile phone selection to applying for installment. Then, pickup your mobile phone at a partner store.
FAQ
A mobile phone installment is a convenient way to purchase an eligible mobile phone through monthly payments instead of one full amount with financing options like Salmon Product Loan. With Product Loan, you can review the phone’s total price, your monthly payments, and any required down payment in your offer before you decide.
Mobile phone installment plans typically start at around ₱1,000 and may go up to ₱60,000, depending on your eligibility and the terms and conditions of the partner store. The exact Product Loan amount available to you will be shown clearly in your offer, so you can choose a phone that fits your budget.
Down payment terms may vary. Depending on your offer and current promotions, you might qualify for a zero down payment (0%). The exact down payment will be calculated based on your profile and will appear in your offer before you proceed.
Salmon Product Loan offers flexible terms ranging from 4, 6, 9, 12, 18, and up to 24 months, depending on your approved offer and the partner store. Interest rates and fees depend on your profile, the phone price, and the term you choose. In some cases, you may qualify for a 0% down payment. Before you confirm anything, your loan offer will clearly show your monthly payments, total cost and any fees.
To apply for a mobile phone 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 mobile phone 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.
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 mobile phones. 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 mobile phone on the same day
Here are the requirements for a Huawei installment plan in the Philippines with Salmon:
- One (1) valid ID – see our list of accepted IDs at Salmon
- A stable or steady source of income (whether employed or self-employed)
- An active Philippine mobile number
- Your personal email address
- Be at least 18 years old
