Why was I charged more than my loan amount?

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.