To apply, you must:
You just need one valid ID from this list:
We’re sorry you weren’t approved. Here is a list of the most common reasons why we couldn’t approve you for a loan.
We can’t disclose the exact reasons why a particular customer wasn’t approved for a loan — it’s simply not safe for us.
You can always apply for your next product loan. However, to secure an increased limit and a lower down payment, you’ll need to wait for a special offer banner to appear in your Skyro app.
Note that the option to apply for a cash loan repeatedly is currently unavailable.
You have three payment options: online banks, e-wallets, and OTC (over-the-counter). Below is the full list of our partners.
Online banks:
E-wallets:
OTC (over-the-counter):
Yes, there is a ₱25 transaction fee when you pay using e-wallet or via over-the-counter partners. When paying via online banks, the transaction fee is ₱25 + an extra fee ranging from ₱10 to ₱25.
Note that currently there is no transaction fee charged when paying via BDO or UnionBank, only an extra fee.
It depends on the payment partner. It can be instant or as long as 3 days.
The due date is usually the same date when your loan was first disbursed. For example, if you received the loan on June 20, your first due date will be July 20, etc.
There are few exceptions:
Note that you can always see your due date in the app. When your due date is near, we’ll notify you via SMS.
We also recommend you to pay 3 to 5 days earlier from your due date to avoid unexpected delays from the payment channel you’ve selected.
If you missed a due date, the late fee of ₱500 (or 5% of the disbursement amount, whatever is lower) applies the next day after your due date. The late fees apply every month that you’re overdue.
There is no grace period.
Yes, you can make a full or partial payment for your loan in advance. To do this, just contact us in the in-app chat to know the exact amount for the early payment.