DRIVEN by a sustained surge in vehicle financing demand among Filipino households and entrepreneurs, South Asialink Finance Corporation (SAFC) reported an impressive ₱1.48 billion in loan releases for the third quarter of 2026.
This figure marks an 18.78% increase compared to the same period last year, underscoring the company’s expanding footprint in the non-bank financial sector.
Disbursements climbed steadily across 2,860 accounts over the quarter, scaling from ₱473.41 million in July to ₱478.64 million in August, before peaking at ₱527.35 million in September.
This final stretch established a new sales milestone, bolstered by the traditional “BER-month” uptick as consumers and business owners accelerated vehicle purchases ahead of the holiday season.
“Beyond SAFC’s sales milestones, these achievements represent Filipinos who now have the financing they need to move forward, whether by providing a vehicle for their livelihood or access to new opportunities,” said SAFC President and CEO Maricel D. Dejongoy.
“We are proud of what the SAFC team has built this quarter, and we remain committed to sustaining this momentum and expanding our impact,” Dejongoy added.
Product performance data highlights Pre-Owned Car Financing as the leading driver, generating ₱592.55 million in disbursements.
This was closely followed by Car Refinancing (Sangla OR/CR) at ₱538.25 million and Truck Refinancing (Sangla OR/CR) at ₱205.14 million.
Combined, these three core offerings accounted for over ₱1.34 billion, or approximately 90%, of SAFC’s total Q3 output.
Within the refinancing category, specialized products like JUANAsenso Car Refinancing and Truck Refinancing contributed ₱175.54 million and ₱98.15 million, respectively.
Executives noted that these figures reflect a growing trend among women entrepreneurs leveraging existing vehicle assets to scale their enterprises.
Despite rapid growth, management emphasized that credit quality remains a top priority.
“As we grow our disbursements, we remain focused on keeping our portfolio healthy through consistent borrower engagement and sound credit standards,” explained SAFC Chief Operating Officer Azenith S. Cabrera.
This dual focus on expansion and risk management yielded strong portfolio health metrics.
As of the end of September 2026, 97.7% of SAFC’s ₱6.7-billion loan portfolio remained performing, resulting in a low non-performing loan ratio of 2.3%.
Looking ahead to the fourth quarter, SAFC plans to double down on branch and sales partner coordination, enhance customer touchpoints, and broaden product accessibility across underserved markets.
Operating a nationwide network of roughly 100 locations spanning Luzon, Visayas, and Mindanao, the institution continues to solidify its reputation as a vital financial partner for micro, small, and medium enterprises (MSMEs) throughout the Philippines.