💬 2. Cash Loan

-> Where can I use my Cash Loan?

Use your Skyro Cash Loan for bills, school fees, home needs, or anything important that comes up. Pay online, settle expenses, or withdraw cash whenever you need it.

You can also enjoy exclusive Cash Loan offers through our partners:

1. CLiQQ

2. DITO

3. PalawanPay

4. Credit Kaagapay

5. Pay&Go

6. InDrive

-> How do I receive my Cash Loan?

You can receive your Skyro Cash Loan through any of our three disbursement channels:
1. E-wallet (transfer)
2. Bank account (transfer)
3. Over-the-counter (OTC) cash pick-up

Please make sure the bank account or e-wallet details you enter in your application are correct.

If you choose the ‘OTC cash pick-up’ option to receive your money, please note how it works below:
1. Select ‘OTC cash pickup’ in in the Skyro app.
2. Choose your preferred OTC partner office (BDO, SM Store, Palawan Express, etc.)
3. Sign the agreement and receive a special code to show to the chosen partner office.
4. Bring the valid ID you used in your application with you.

Note that if you’re unable to pick up your loan amount within thirty (30) calendar days from receiving the notification, your loan will be automatically cancelled, boss.

Here is the full list of available channels:

E-wallets (transfer)

GCash

Maya Bank (previously Paymaya)

GrabPay

PalawanPay

OmniPay

Starpay

Full list of Banks (transfer)

AllBank

Asia United Bank (AUB)

Bangko Mabuhay

Bank of Commerce

BDO

BDO Network Bank

BPI

BPI Direct BanKO, Inc., A Savings Bank

Binangonan Rural Bank (BRBDigital)

CAMALIG Bank

CARD Bank

Cebuana Lhuillier Bank (24k Card)

China Bank Savings

CTBC Bank

Development Bank (DBP)

Dungganon Bank

East West Bank

East West Rural Bank

Equicom Savings Bank

ING Bank N.V.

ISLA Bank

Land Bank of the Philippines

Malayan Savings Bank (MSB)

Maybank Philippines

Metrobank

Partner Rural Bank (Cotabato)

Philippine Bank of Communications (PBCOM)

Philippine Business Bank (A Savings Bank)

Philippine Savings Bank (PSBank)

Philippines National Bank (PNB)

Philippines Veterans Bank

Philtrust Bank

Producers Bank

Queen City Development Bank

Quezon Capital Rural Bank

RCBC

Rural Bank of Guinobatan

Security Bank

Sterlink Bank

Sun Savings Bank

United Coconut Planters Bank (UCPD)

UCPB Savings Bank

UnionBank (UBP)

Wealth Development Bank Corporation

OTC cash pick-up (partner outlets)

BDO

SM Payment Center

Palawan Express

RD Pawnshop

M Lhuillier

Note: If your payout date falls on a weekend or public holiday, the funds will be credited on the next banking day.

-> How do I compute my Cash Loan interest?

To compute your loan interest, you will need the following:

• Loan amount (₱) – for example: ₱10,000

• Loan term (t) – for example: 12 months

• Monthly interest rate (r) - From 1.5% to 7% per month

• Origination fee rate - There is an origination fee 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

-> Can I cancel my Cash Loan and get a refund?

Once your Cash Loan has been approved, you can no longer cancel it and ask for a refund, 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.

Payment problems with my Cash Loan (disbursement issue)

a. Incorrect account number

If the account number you entered is incorrect, please chat with Customer Care in the Skyro app right away. Share your approved amount, application date, and disbursement channel so we can assist you faster, boss.

b. Closed account number

If the account number you entered is closed, please chat with Customer Care in the Skyro app right away. Share your approved amount, application date, and disbursement channel so we can assist you faster, boss.

c. Exceeded e-wallet receiving limit

If your e-wallet has exceeded its receiving limit, please chat with Customer Care in the Skyro app right away. Share your approved amount, application date, and disbursement channel so we can assist you faster, boss.

d. Can I use someone else's account to receive my money?

Please use only your own account to receive the money, boss. This helps keep your account secure and protects you from fraud or scams.

e. Daily limits for each channel

Please take note of our payment partners’ limits, boss. Large payments may need to be split into multiple transactions, depending on the chosen partner’s limits.

f. How long does it take to receive my money?

It usually takes less than 24 hours, but in rare cases can take up to 2 days. The processing time may differ depending on your loan amount. Here's what you can expect:

• Below ₱50,000 (all online partners): Immediately up to 24 hours calendar days.

• Above ₱50,000 (all online partners):  Immediately up to 24 hours during banking days only.

• OTC cash pick-up (all partners): 30-60 minutes for code generation, then cash can be picked up anytime (code valid for 30 days only)

g. What should I do if I haven't received my money?

If you haven’t received your money, please chat with Customer Care in the Skyro app right away. Share your approved amount, application date, and disbursement channel so we can assist you faster, boss.

i. Will I earn rebate or cashback if I pay early and in full?

We don’t offer rebates or cashback for advance payments, boss. But if you pay your loan in full earlier than scheduled, you’ll end up paying less interest overall, since interest is only charged for the time the loan is active.

h. How to use the Skyro Cash Loan calculator?

To use the Skyro Cash Loan calculator, just slide to choose how much you want to borrow, then pick an installment plan from 6 to 24 months. Select your loan purpose from the dropdown and you’ll instantly see an estimate of your monthly payment.

All set? Click “Apply for this loan” and you’re good to go, boss!

Note: Your actual monthly payment may change depending on the rates at the time of application.

j. When can I reapply for a Cash Loan?

You can reapply for a Cash Loan once you receive a new Cash Loan offer from us, boss.

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

i. Use Skyro Flexi

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. For more information on how to use Skyro Flexi, click here.