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.
Yes, you can reloan. If you have a good payment history, you may receive special offers for cash or product loans. You can check for these in the app, and we’ll notify you when offers are available.
If no special offer is available, you can still apply for a new product loan by completing the application in the app. Once pre-approved, simply show the QR code to a Skyro agent at one of our partner stores.
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.
There can be two reasons for that:
To get Flexi right now, you need to get a new loan at the following merchants: Abenson, Emcor, Electroworld, Automatic center and Microcell.
This is our new feature that allows Skyro customers to decrease or increase their monthly payments based on their financial goals.
Currently, this feature is being tested on a limited number of customers and will be available for all Skyro customers later.
The change applies to all future payments. However, if you make the change within 5 days before the due date, your current due payment remains the same, and the change only applies to the next due payment and all other future payments.
When you increase payments, you'll pay off the loan faster. If you decrease payments, it will take longer to pay off the loan.
Payment change can be made one week after the loan has been issued.
Here's how you can modify your payment:
Once you've entered the OTP code, your changes will take effect immediately.
Yes, by increasing your payment amount, you reduce the interest. The exact amount saved is displayed in the Skyro app when selecting the payment amount. For maximum savings, consider making a full early repayment.
Yes, it's entirely free, but you can only do it up to 4 times during your loan period.
4 times during the loan period.
You can't increase your payment amount because you have only 1 or 2 payments left to repay the loan. In such cases, increasing the payment amount isn't available. You can make a full early repayment instead.
In case of 12 month loan, you'll be able to decrease the payment amount in the app once you make your first payment.
For Device Protection (ADLD or Extended Warranty), any loan term changes don't affect the initial insurance term.
For Loan Protection and Electronic Doctor, if you extend the loan, your initial insurance term will remain the same. However, if you decrease your loan term, the insurance will end as soon as you pay off your loan.
There can be two reasons for that:
To get Flexi right now, you need to get a new loan at the following merchants: Abenson, Emcor, Electroworld, Automatic center and Microcell.
This is our new feature that allows Skyro customers to change the due date. Customers can adjust the date up to 3 times during the loan period, but only once every 3 months. The change costs ₱200 that will be automatically added to the loan payment.
Currently, this feature is being tested on a limited number of customers and will be available for all Skyro customers later.
The change applies to all future payments. However, if you make the change within 5 days before the due date, your current due date remains the same, and the change only applies to the next due date and all other future payments.
When you change the due date, number of loan periods and the interest rate are not affected. However, it can increase or decrease the total number of days in the loan.
Since the interest is accumulated daily, you will pay less interest if the total number of days will be reduced. If the total number of days will be increased, interest for additional days will be added to your last payment.
That's why the last payment can be a little higher or lower from the standard payment amount.
Due date change can be made one week after the loan has been issued.
Here's how you can modify your due date:
Once you've entered the OTP code, your changes will take effect immediately.
No, it costs ₱200. This amount will be added to the first payment with changed due date.
The change is available once every 3 months and up to 3 times during the loan lifecycle.
For example:
If you have a 4-month loan, you will be able to do the change once or twice based on when you did the first change.
If you have a 12-month loan, then you will be able to do the change up to 3 times.