SKYRO Loan Review Philippines App Legit? Requirements? Interest rate

What is Skyro loan? is it legit? What are the requirements? How can you use the calculator to plan your repayments?

This loan claims to offer empowering financial solutions for Filipinos who need quick and easy cash.

At retailasiaonline.com, we will answer these questions and more.

Stay tuned!

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Summary of Skyro loan

✅ Skyro Loan Reviews	⭐ 4.5 stars
✅ Loan Amount	⭐ ₱5,000 – ₱250,000
✅ Age	⭐ 18 – 70 years old
✅ Term	⭐ 6 – 12 months
✅ Interest rate	⭐ 0 % interest rate for first loan
✅ Requirements	⭐ Only one valid ID needed
✅ Pros	⭐ Online loan monthly payments in Philippines
✅ Cons	⭐ No Online loan guaranteed approval
✅ Legit	⭐ Yes
✅ Payment	⭐ App, Bank Transfer and OTC
✅ Contact number	⭐ +63 919 170 0717
✅ Registration number	⭐ 2022‍080063542-00
✅ Skyro Loan App download APK	⭐ Link here

What is Skyro loan?

Skyro Loan is a private online loan platform valid through Filipinos. It gives loans from 5,000 pesos to 250,000 pesos with an interest price of 1.5% to 7% in line with the month. The loan period is flexible, you could pick out from 6, 9, or 12 months to pay back the loan.

Pros of Skyro loan

Obtaining the Skyro loan will convey the borrowers the subsequent benefits:

• Loanable quantities of as much as 250,000 pesos
• Low loan prices from 1.5% to 7% in line with month
• Flexible charge plans of 6, 9, or 12 months
• The registration system is simple, and you best need one ID
• There are many methods to pay, including financial institution transfer, GCash, or 7-Eleven.

Cons of Skyro App

The Skyro lending, however, comes with a lot of drawbacks as follows:

• Approval time of 1–7 days
• In-man or woman meeting with a consultant to sign the papers and take photos
• A stable income and an amazing credit historical past are needed to get a loan.
• You may additionally need to pay greater fees, together with a processing charge, past due price charge, or early go-back charge.

Skyro loan interest rate

The interest fee for Skyro financing hiring loans ranges from 1.5% to 7% in step with month, depending on the amount, time period, and the borrower’s credit score.

For instance, a loan of 50,000 pesos for one year with an interest price of 1.5% would have a monthly fee of 5,043 pesos.

Example of Skyro loan calculator

Here is an example of how the Skyro cash loan calculator works:

• Loan amount: ₱50,000
• Interest rate: 1.5% per month
• Loan term: 12 months
• Origination fee: ₱5,000

Total loan amount:

• ₱50,000 + ₱5,000 = ₱55,000

Monthly payment:

• (₱55,000 × 1.5%) / 12 = ₱504.17

Total interest:

• ₱504.17 × 12 = ₱6,049.04

Total cost of the loan:

• ₱55,000 + ₱6,049.04 = ₱61,049.04

As you can see, the total cost of the loan is ₱61,049.04, which includes the loan amount, interest, and origination fee. The monthly payment is ₱504.17.

Skyro loan requirements

To apply for a Skyro loan, you need to meet the following requirements:

• Be a Filipino person between the ages of 18 and 70.
• Meet with a Skyro agent in Metro Manila or the following provinces: Batangas, Bulacan, Rizal, Cavite, Laguna, and Cebu.
• Possess a mobile device and a Philippine mobile number.
• Provide one valid ID from the following list, including a Philippine passport, SSS ID (Social Security System ID), UMID (Unified Multi-Purpose ID), PhilSys ID (Philippine Identification ID), Driver’s license, PRC ID (Professional Regulation Commission ID) and Postal ID

Guide to apply Skyro Loan Application Step-by-step

Adhere to the following instructions to apply for a Skyro loan application:

Step #1: Visit the official website

• Check out the official Skyro website.

Step #2: Get the money

• On the homepage, press the “Get a money”  tab to proceed.
• Then provide the loan amount you need, the Installment period and the reason for getting a loan.
• Next, click “Apply for this loan”.

Step #3: Fill in the application form

• Enter your personal information, including name, mobile number and email.
• Following that, press the “Next” option.

Step #4: Confirm your mobile number

• Press the confirmation code given to your phone number on the appropriate field.

Step #5: Upload a copy of your valid ID

• You can upload a copy of your passport, SSS ID, UMID, National ID, driver’s license, PRC ID, or postal ID.

Step #6: Schedule a meeting with a Skyro representative

• A Skyro representative will contact you to schedule a meeting.
• The meeting will take place at a location convenient for you.

Step #7: Meet with the Skyro representative to sign the loan documents

• At the meeting, you will need to sign the loan documents and provide a copy of your signature.

You can also follow the video below:

Reviews Skyro online Loan App Feedback

Skyro loan review is rated 4.5 stars on Google Play.

The application process was quick and easy, and I was approved for a loan within a few hours. The interest rates are a bit high, but they’re still lower than what you would get from a traditional bank.

They offer a variety of loan terms, so you can choose one that fits my budget.

View some customers’ feedback about it as follows:

Skyro loan repayments

You can make a payment for your loan to avoid Skyro harassment via the following methods:

#1. Through the Skyro app

• Open the Skyro app, tap on the block with your loan, and then tap “Make a payment”.
• Choose how you want to pay and then follow the on-screen instructions.

#2. Via bank transfer

You can make a bank transfer to Skyro’s account at:

• BPI: 4539 0006 53
• UnionBank: 0017 3000 6868
• BDO: 0039 3010 9375
• ING: 0995 4000 0138
• CIMB: 0007 3000 1234
• PayMaya: 0995 4000 0138

Make sure to include your loan number and name as the reference in your payment.

#3. Over-the-counter (OTC)

• You can pay your loan at any of their OTC partners. You can find the list of OTC partners on the Skyro website.

When making a payment, there is a ₱25 transaction fee when you pay using e-wallet or via OTC 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

Compare Skyro loan with others

Skyro loan customer service

If you have Skyro loan feedback, you can give it via the following channels:

• Phone number: +63 919 170 0717
• Email: care@skyro.ph
• Address: 20F Cyber Sigma, Lawton Avenue, Bonifacio South, Taguig City, 1637 Metro Manila

FAQs – Skyro App

For more understanding of Skyro Loan, stay tuned with the following FAQs and relevant answers:

Is Skyro loan legit?

Yes, Skyro Loan is a legit lending company in the Philippines. It is registered with the Securities and Exchange Commission (SEC) and is a member of the lending industry’s self-regulatory organization, the Fintech Alliance of the Philippines (FinAccel). Skyro offers a variety of loan products, including personal loans, business loans, and installment loans.

Skyro vs home credit: Which one is better?

Skyro and Home Credit are both popular lending platforms in the Philippines. Skyro is a newer platform that offers 0% interest on some loans, while Home Credit has been around longer and has a wider network of branches. Your particular demands and circumstances will ultimately determine which platform is ideal for you.

Is Skyro sec registered?

Yes, Skyro is on file with the SEC. Its parent company, Jungle Lending Inc., is registered with the Securities and Exchange Commission (SEC) with the registration number CS202002223 and the lending business license number 3249. Skyro is also a site that is listed with the SEC as a way to lend money online.

How much is the late payment for Skyro?

The overdue price fee for Skyro is ₱500 (or 5% of the disbursement quantity, whichever is decrease). This rate applies day after today after your due date. There are other consequences of late fee, which include a decline in your credit rating and a higher hobby rate to your loan.

What is the valid ID for Skyro?

A valid ID for Skyro is a Philippine passport, SSS ID, UMID, PhilSys ID, motive force’s license, PRC ID, or postal ID. You can apply for a mortgage with Skyro if you are a Filipino citizen between the a long time of 18 and 70 and can meet with their agent in Metro Manila or in some provinces.

In Conclusion – Should you apply to Skyro loan?

Skyro Loan is a legitimate option that can help you get a loan. However, it is important to meet the requirements before you apply.

You can use the Skyro calculator that appears when you apply for a loan to estimate your monthly payments and interest rates.

If you are considering getting a loan, be sure to compare rates from different lenders before you choose one.