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Know the fees behind your loan, boss! Visit our Fees page for a clear breakdown. No surprises, just simple and transparent terms.
For Product Loans, boss, the origination fee is shown on your monthly statement. You’ll find it under “Loan Summary” on the first page of your statement.
Late payment fees may apply if a payment is missed.
👉 Learn more about Skyro Product Loan’s late payment fee here
For Cash Loans, boss, the origination fee is shown on your monthly statement. You’ll find it under “Loan Summary” on the first page of your statement.
Late payment fees may apply if a payment is missed.
👉 Learn more about Skyro Cash Loan’s late payment fee here
There are no fees to use SkyroCredit, boss — as long as you pay on time, you only pay for what you spend.
Late payment fees may apply if a payment is missed.
👉 Learn more about SkyroCredit's late payment fee here
When you pay your loan, there is a small transaction fee per payment, boss. This usually costs ₱10 to ₱25, depending on the payment channel you use.
Tip: If you have multiple loans, use SkyroPondo to save on fees. Top up once and pay all your loans with no extra transaction charges. For SkyroCredit, you get one free top-up every month.
The origination fee covers the processing of your application, boss. It's usually 10% of the financed amount + ₱690. Please note that the exact amount depends on your loan details, boss.
No, boss, we don’t charge service fees. If you pay on time, we only have one: the origination fee, which covers the cost of processing your application.
The conditional charges on your statement are fees that apply only in specific cases, boss — like late payment or transaction fees. If you pay on time and follow your loan terms, you won’t have to worry about these charges.
The VAS Fee (short for Value-Added Services), are optional add-ons that give you extra protection, convenience, or extra benefits, boss. Each VAS comes with a small fee that’s added to your monthly loan payment.
You can choose from the following add-ons:
👉 Read more about add-on services here, boss!
The Flexi fee costs a small percentage of your monthly loan payment, so the amount may be slightly different depending on your loan, boss.
You’ll see the exact fee before you activate it.
We always recommend checking the details first in the app.
If your payment is already overdue, we won’t charge you for Flexi. Why?
The Attorney and Agency Fee is a fee that’s charged in case of a long overdue.
The Early Repayment Fee is a fee that’s charged if you want to make an advanced payment for your loan.
If you cannot pay your Skyro loan on time, a late payment fee will apply, boss. The fee amount depends on your loan type.
👉 Read more about late payment fees here, boss!
You may notice that the total amount you need to pay is higher than the loan amount you received. This is normal, boss, and it usually includes fees that are part of how Skyro computes your loan, such as the origination fee and any value-added services (VAS) fees you may have availed of.
In some cases, conditional charges may also apply, like late payment fees if a payment is overdue. These fees are clearly shown in your loan agreement and monthly statement, so you can always review the breakdown of your total charges, boss.
Interest adds up over time so a longer loan means more days where interest will be charged, boss. Shorter terms or paying in full early help since interest stops once the loan is closed.
If you cannot pay your Skyro loan on time, a Late payment fee will apply, boss. The fee amount depends on your loan type. Below are the different Late payment fees:
If no payment is made, ₱500.00 or 5% of Net Proceeds of Loan whichever is lower will be charged. This fee can be found on your loan agreement or monthly statement.
If no payment is made, ₱500.00 or 5% of Net Proceeds of Loan whichever is lower will be charged. This fee can be found on your loan agreement or monthly statement.
If no payment is made for your SkyroCredit bill, a ₱300 Late Payment Fee will be charged. This fee can be found on your loan agreement or monthly statement.
To avoid the ₱300 Late payment fee, you must pay at least the minimum amount on or before the due date of your SkyroCredit bill. Please note that interest will apply to the remaining balance shown on your bill date until it is fully paid.
If you cannot pay your loan on time, try activating Skyro Flexi, boss! This feature 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. For more information on how to use Skyro Flexi, click here.
The late payment fee may feel big, boss, because it’s meant to encourage on-time payments and cover the extra cost of managing overdue loans. If a payment is late, a fee of ₱500 or 5% of the loan amount (whichever is lower) may apply to your Product Loan or Cash Loan. For SkyroCredit, the late payment fee is ₱300.
This Late payment fee can be charged every month until the overdue balance is fully paid, which is why the cost can add up. To avoid extra fees, it’s best to pay on time to keep your credit in good standing and unlock better offers from Skyro in the future, boss.
To avoid Late payment fees, boss, make sure to pay at least the minimum amount on or before your due date. For extra peace of mind, you can also top up your SkyroPondo to make sure it has enough balance, so it automatically deducts from your balance when it’s time to pay for your Skyro loans.
If you cannot pay your loan on time, you can avail of Skyro Flexi! This add-on lets you change your monthly payment amount and due date.
👉 Read more about Flexi here, boss!
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