Cash Loan payments and fees

How is interest computed for my Cash Loan?

Here's how your Cash Loan interest is calculated, boss:

Loan amount (₱)

• Example: ₱10,000

Loan term (t)

• Example: 12 months

Monthly interest rate (r)

• From 1.5% to 7% per month

Origination fee rate

Up to 16.6% of the approved loan amount. The final amount depends on the review of your application.

Note that we will add the fees on top of the approved loan amount instead of subtracting. This means you’ll get the full approved loan and pay the fees over time, boss.

Late payment fee (if applicable)

• ₱500 or 5% of financed amount of loan (whichever is lower)
• Charged every due date until the overdue amount is paid

Example

If you borrow ₱10,000:

• You will pay monthly interest
• Plus a small fee (origination fee)
• Spread across your loan term

👉 So your monthly payment already includes interest and fees, boss.

You can also check your exact monthly payment in the Skyro app before confirming your loan, boss.

Can I pay my Cash Loan earlier?

Yes, you can pay for your Cash Loan earlier, boss. To make a full early repayment (FER), you need to check first the exact amount you need to pay. This exact amount depends on the day you make the full payment.

To check your full payment amount and settle it, just follow these steps:

1. Go to the Home screen in the Skyro app
2. Scroll down to find the block with your Cash Loan.
3. Tap on your loan amount, and select 'Pay off in full.'
4. Choose a payment option and pay.

Quick reminders, boss:

• The amount shown is only valid for that day.
• Once the loan is fully paid and closed, it can’t be reversed.
• If you want to reloan, just wait for a new offer from us.

If you need more help with your full early repayment, please chat with Customer Care in the Skyro app so they can help you right away, boss.

What happens if I cannot pay my Cash Loan on time?

If you missed a due date, the late fee of ₱500 (or 5% of the disbursement amount, whatever is lower) applies after your due date. The late fees apply every month that you’re overdue, boss.

If you cannot pay your loan on time, try activating Skyro Flexi! This features lets you change your monthly payment amount and due date. It’s perfect to use when you need more time to pay for your loan, or you want to increase or lower your payment amount to fit your budget.

You can use Skyro Flexi up to 3 times for monthly payment changes, and 3 times for due date changes — per loan. Make sure to activate Flexi within 6 days before your due date, so it starts with your next monthly payment.

👉 Read more about Flexi here, boss!