Skyro, a consumer finance platform, has announced that it has reached 2 million product loans in the Philippines and is aiming for 2x growth, according to a report by Mindanao Times. The company said the milestone reflects strong demand for installment-based purchasing amid growing digital financial adoption in the country.
Product loans typically cover consumer electronics, appliances, and other retail items, often repaid in monthly installments. The service sits within the broader Philippine lending market, where fintech players are competing with traditional banks by offering faster approval processes and minimal collateral requirements. The expansion push suggests Skyro is betting on continued consumer appetite for flexible payment options.
Dyring to double its portfolio, Skyro could widen its network of retail partners and geographic reach across the archipelago. The company's growth also points to the increasing reliance on credit alternatives as Filipinos navigate higher living costs. Observers will be watching whether the lender can sustain loan quality while scaling.