- Filipinos are becoming more confident in using credit, with the country’s Credit Perception Index reaching its highest score since the study began in 2023.
- TransUnion Philippines reported that the index rose to 75 out of 100 in 2026, up from 73 in the previous year. The increase was driven by higher favorability, product trust, and knowledge of financial products.
- Borrowing remains largely tied to essential expenses. Emergencies were the top reason Filipinos took out loans at 59%, followed by personal expenses at 50% and family expenses at 45%.
Filipinos are becoming more confident in using credit, with the country’s Credit Perception Index reaching its highest score since the study began in 2023.
TransUnion Philippines reported that the index rose to 75 out of 100 in 2026, up from 73 in the previous year. The increase was driven by higher favorability, product trust, and knowledge of financial products.
Borrowing remains largely tied to essential expenses. Emergencies were the top reason Filipinos took out loans at 59%, followed by personal expenses at 50% and family expenses at 45%.
More consumers are also showing interest in borrowing from formal financial institutions.
Intent to borrow from digital banks increased to 22% from 11%, while traditional banks rose to 34% from 26%. Credit card borrowing intent also climbed to 43% from 37%.
Filipinos are also looking to strengthen their financial habits, with 86% saying they plan to save more and 73% planning to seek additional financial education.
TransUnion said stronger consumer knowledge and trust will remain important as formal and digital financial services continue to expand.