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Skyro
JUNGLE LENDING, Inc.
(4.9/5) 28 voice
Interest Rate
0,16% per day
Loan Tenure
180 β 365 days
Loan Amount
5000 β 250000
Approval Duration
30-60 min
- For any purpose
- No collateral
- On a bank account
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About Skyro
What is Skyro Philippines?
Are you looking for the best financing option for any of your needs? You can take a look at the Skyro financing option. This is a good option that you can use to support your needs. However, you may want to read this article before you decide to choose this loan option. You may want to take a look at all the features and benefits offered by Skyro.
What is a Skyro Loan?
Skyro loan is pretty popular among many people in the Philippines. This loan is ranging from PHP 5,000 to 250,000. The average loan term from this company can range from 6 to 12 months.
Is Skyro legit?
Before you start borrowing money from your favorite loan company, you have to check everything properly. This thorough process is required to help you avoid getting any problems in the future. Any financial company that is working in the Philippines is required to receive the appropriate permission. The SEC (Securities and Exchange Commission) is responsible for this. On the official website sec.gov.ph you can find lists of companies that have been tested and are trustworthy:
Skyro is legit and they are registered under the list of Financing Companies from the SEC website. It means that they can work in the Philippines legally under the law.
| Company Name | Advanced Finance Solutions, Inc. |
| Registration No. | 2022β080063542-00 |
| Financing company license No. | F-22-0029-37 |
They have already passed all the necessary regulation procedures and inspections. Skyro can operate legally in the Philippines with their registration number 2022β080063542-00.
Skyro.ph Loan App
Once you are ready to take a loan from Skyro, you can download the official loan app from Skyro.ph. This is the official app that you can install in your smartphone. Skyro have redesigned their website to be POS loans (purchase installments) oriented and removed cash loan web form/ from it. That is why:
Attention. The only way to apply for a cash loan right now is through Skyro app, for both new and existing customers.
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How do I Get a Loan in Skyro?
It is easy for you to start your loan application with Skyro. Their online platform can be accessed at any time you want. The whole application process can be done in a few minutes. Because of this fast application procedure, many people in the Philippines are interested in taking a loan from Skyro. After you fill out the online form with your loan requirements and personal details, you will be asked to submit your application form.
Skyro Loan Interest Rates
This is another important thing that you have to know. Their interest rate can range from 1.5% to 7% per month. The original fee is determined to be at a maximum of 16.6%. However, this rate may change in the future depending on the companyβs policy. We strongly recommend you to visit their official website, so you can take a look at the latest interest rate from Skyro.
Skyro Calculator
Skyro offers a loan calculator that can be useful for all borrowers. This calculator can allow all individuals to estimate their own repayments based on their loan amount, repayment tenure, and also interest rate. You can use this calculator by visiting the official Skyro website or application. Then, you can find the loan calculator that can be found in the application section. Donβt forget to put all the loan details. At the end, you will see the estimated monthly payments that you are going to pay with Skyro.
Example of calculating interest and loan payments
Term
10 days
20 days
30 days
Loan amount
10000 PHP
10000 PHP
10000 PHP
Fee
0,16%
0,16%
0,16%
Interest amount
1600 PHP
3200 PHP
4800 PHP
Total repayment
11600 PHP
13200 PHP
14800 PHP
How to Cancel Skyro Loan
In some cases, you may want to cancel your Skyro loan or repay your loan earlier. If you are in this situation, you can contact them via their in-app chat feature. This feature is very useful to help all customers manage their loans easily. Their customer representatives are ready to help you calculate the total amount of money that you are required to pay. The cancellation procedure doesnβt take a lot of your time.
How to Increase Skyro Loan
Skyro has opportunities for all customers to increase their loans gradually. As long as you can keep your promise of paying back the loan on time, you will have a great chance of getting your loan increased from time to time. It is always a good idea for you to write down your payment schedule, so you will never forget your deadline. You can simply contact their customer service representatives when you want to ask for an increase in your Skyro loan.
Requirements
Skyro Loan Requirements
You need to understand that Skyro has some requirements that you have to take a look. By following and submitting all requirements, you are able to increase your chance of getting your loan application approved. It is a good idea for you to visit their official website today before you start your loan application. By doing so, you will be able to see the updated policy from Skyro.Β
The main requirement that you have to meet is the minimum age. The minimum age for applying for this Skyro loan is 23 years old. You can submit your valid ID to prove that you are in the range of 23 – 65 years old when applying for this loan Here are some documents that you need to submit:Β
- Primary ID that has your current address
- Skyro doesn’t require proof of income, but they still advise to have a stable source of income as it affects an application decision
- Your valid mobile number and your smartphone
Skyro First Loan
Skyro offers loans for all customers, including new customers. As long as you can meet the eligibility criteria, you are allowed to take a loan from Skyro. You have to prove that you have a stable source of income before you can be eligible for the loan offer. Once they look at your eligibility, they will approve your loan application as soon as possible. You are going to receive the funds in less than 24 hours.
Skyro Reloan
It is also possible for you to take a loan again from Skyro. Reloan is possible though our individual offers made in the Skyro app. You can see the approximate conditions in the table below. Remember that this is only an example – Skyro makes customised offers.
Loan parameters
Min amount
5000 PHP
Max amount
250000 PHP
Min terms
180
Max terms
365
Rate 0,16% per day
Skyro Loan Extension
Basically there is no loan extension that you can get from any loan company. However, once you are able to build a good relationship with the company by paying your previous loan on time, they will be ready to give you a loan extension. However, you need to contact them now to ensure that you can get the latest information from them. Their customer support representatives will be happy to explain to you how to extend your Skyro loan.
How to pay
How to Pay Skyro Loan
When you want to make the Skyro loan payment, you may want to take a look at their official websites. There are some payment methods that you can use to make the Skyro repayment or payment plan.Β
You can read their official website to learn how to pay Skyro Loan Philippines. Choosing the right payment method will depend on your Skyro installment plan.
The only way to pay for our loans right now is through numerous online channels in the Skyro app or OTC.
Other Ways to Repay Skyro Loan
Even though you donβt have GCash, you can still make payment of your loan from Skyro. There are many different methods that are available now. You can pay your loan via online banks, or over-the-counter payment at certain partner outlets, for example
- UnionBank
- 7 Eleven
- PayMaya
- BPI, etc.
These multiple payment options will be suitable for all Filipinos who are ready to repay their loan from Skyro.
What if I Have an Unpaid Skyro Loan
When you are unable to pay the loan on time, they will charge you a late fee. The late fee will be PHP 500 or 5% of the loan amount whichever is lower. This fee will be applied the next day after the due date. The late fee will be charged every month that you are overdue. You need to understand that there is no grace period in the loan repayment period with Skyro.
If I Don’t Pay Loan
There are some consequences that you will have, especially when you cannot repay the loan to Skyro.
Failure to pay the loan can bring you some negative impacts, for example, damage to your credit score or legal action from the lender. It is very important for you to avoid getting any problems by paying your loan on time.
If you are unable to pay the loan payment this month, you may want to contact the lender as soon as possible. By doing so, they will be aware of your situation. Therefore, they will be ready to help you find any solution to your problem. By doing these steps, you are able to protect your financial future and avoid getting any consequences of not repaying your online loan with Skyro.
Skyro Charges and Fees
Before you apply for a loan from Skyro, you have to know some fees and charges that you will pay to Skyro. The original fee of this loan will be PHP 690 plus 10% of the approved loan amount or PHP 5000, whichever is lower. You are going to get the full approved loan. It means that the fees will be added on top of the approved loan.
Reviews
Skyro Lending Reviews
If you take a look on the Internet, you can see a lot of good reviews from the customers of Skyro. These good reviews can show the positive impacts that Skyro can have on customers. Most customers are happy with the fast approval procedure that they can get when they apply for a loan from Skyro.
Other people are happy with the low-interest rate that they can get from Skyro. If you are looking for a good online loan with a low-interest rate and an easy approval procedure, you can look for the Skyro loan today.
LAST REVIEWS
Skyro loan is the perfect solution for anyone looking for a quick and hassle-free loan. Their efficient process is easy to understand and follow, making it easy for me to obtain the funds I needed. The interest rates are very competitive, and the repayment terms are flexible, giving me peace of mind. I would highly recommend Skyro loan to anyone looking for a convenient financing solution in the Philippines.
Evelyn
Nov 11, 2022
Skyro financing has truly exceeded my expectations. Not only is the entire process streamlined and digital, but their customer service is top-notch. Any question or concerns I had were handled promptly and professionally, making me feel confident in their services. The rates and terms are transparent and fair, giving me the confidence and security I need to take on any financial situation.
Rowena
Jan 09, 2023
While Skyro loan offers a great service, their interface could use some improvement. I found navigating the website to be slightly confusing and cumbersome at times. However, once I was able to access the loan application, the process was smooth and efficient.
Michael
Aug 01, 2023
Customer support
Skyro Customer Service
When you have any questions or problems with your loan at Skyro, you donβt have to worry at all. They offer reliable customer service to help all customers.
Skyro gets a rating score of 4.9 out of 5 from 29 customers.
Their customer service representatives are ready to offer the best answers for any of your needs. You can get access to them via online or offline channels, including their website, phone, Facebook Page, or email. You can also find contacts on this page below.Β
They also have a live chat feature on their app, so you can contact them at any time you want.
Attention. In the contact section there’s an official address, but it’s not open for visiting since Skyro’s model of operating is purely online.
Frequently asked questions
What is Skyro?
Skyro is an online lending platform that provides loans to individuals and businesses. It is formerly known as monery.ph, which has established its reputation as a proven fintech company in the Philippines that offers digital and innovative financial services.
What types of loans does Skyro offer?
Skyro offers various loan types such as personal loans, business loans, salary loans, and emergency loans. Each loan type has different features, benefits, and requirements.
How does Skyro financing work?
Applying for a loan with Skyro is simple and hassle-free. You need to download the Skyro loan app from the App Store or Google Play, register an account, and fill out an online application form. Once your application is approved, you will receive the funds directly to your bank account in as fast as 24 hours.
Contacts
20F Cyber Sigma, Lawton Avenue, Bonifacio South, Taguig City, 1637 Metro Manila
+63 919 170 0717 | [email protected]
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