Skyro Help Center

💬 1. Product Loan

Who can apply for a Skyro Product Loan?

To apply for a Skyro Product Loan, you must: 

  • be a Filipino citizen aged 18 to 70 

  • have one valid government-issued ID

  • have a smartphone and a Philippine mobile number

Only 1 valid ID required

To process your Skyro Product Loan application, you only need one valid ID from this list:

  • Philippine passport

  • Driver’s license

  • UMID (Unified Multi-Purpose ID)

  • SSS ID (Social Security System ID)

  • Philippine ID

    • PhilSys ID (Philippine Identification ID)

    • Digital National ID

    • ePhilID

  • PRC ID (Professional Regulation Commission ID)

  • Postal ID

  • GSIS ID (Government Service Insurance System ID)

Product Loan Amount 

₱3,000 to ₱100,000 

Loan Term 

6, 9, 12, 18, 24 months 
*Terms of 18 and 24 months available only for loans > ₱30,000

Interest Rate 

From 0% to 7%  

Origination Fee 

10% of financed amount + ₱690

POS Online

Online Product Loan Amount (Minimum)

From ₱3,750

Loan Term 

6, 9, 12, 18, 24 months

Down payment

From 20%

Interest Rate 

From 3.9%

Origination Fee 

From 0 to 10% + 690 

How can I apply for a Skyro Product Loan?

There are five ways to apply for a Skyro Product Loan, boss:

In-store

To apply for a Skyro Product Loan in-store, follow these simple steps:

  1. Visit any of our 8,000+ partner stores nationwide and choose your dream item.

  2. Talk to our friendly Skyro agent who will assist you with the easy application.

*Subject to in-store approval. Terms may change.

  1. Take your new item home with no big upfront costs and enjoy!

Skyro app
To apply for a Skyro Product Loan using the app, follow these simple steps:

  1. Download and open the Skyro app.

  2. Tap ‘Explore products’ and submit a request for a Product Loan.

  3. Fill out the application and upload 1 valid ID.

  4. Get pre-approved, visit a partner store near you, and show the QR code to a Skyro agent.

*Bring the same valid ID used in your application.

  1. Wait for our call and get approved via SMS, email, or the Skyro app.

  2. Once approved, sign the agreement with a one-time code.

  3. Pay the down payment only via the Skyro app, and bring home your item!

Partner Website

To apply for a Skyro Product Loan through a partner website, follow these simple steps:

  1. Visit the merchant’s official website.

  2. Pick an item and choose Skyro at checkout.

  3. Choose a loan amount and installment plan.

  4. Fill out the application, download the Skyro app, and upload 1 valid ID. See the full list of valid IDs here {link}.

  5. Wait for our call and get approved via SMS, email, or the Skyro app.

  6. Confirm your final loan amount and installment plan.

  7. Sign the agreement with a one-time code.

  8. Pay the down payment only via the Skyro app, and enjoy your item!

Social Media Page

To apply for a Skyro Product Loan through our partner merchants' social media pages, follow these simple steps:

  1. Visit the merchant’s official social media or Facebook page.

  2. Pick a product and message the page that you’ll pay via Skyro.

  3. Wait for the merchant to send you a unique Skyro link.

  4. Choose a loan amount and installment plan.

  5. Fill out the online application, download the Skyro app, and upload 1 valid ID. See the full list of valid IDs here {link}.

  6. Wait for our call and approval via SMS, email, or the Skyro app.

  7. Pay the down payment only via the Skyro app, and enjoy your item!

Payment Partner

To apply for a Skyro Product Loan through our payment partners, follow these simple steps:

  1. Visit the store’s official website.

  2. Choose only one from iPay88, PayLoro, or Paynamics at checkout.

  3. Pick a loan amount and installment plan.

  4. Fill out the online application, download the Skyro app, and upload 1 valid ID. See the full list of valid IDs here {link}.

  5. Wait for our call and approval via SMS, email, or the Skyro app.

  6. Confirm your final loan amount and installment plan.

  7. Sign the agreement with a one-time code.

  8. Pay the down payment only via the Skyro app, and enjoy your item!

→ What items can I buy with a Skyro Product Loan?

You can buy these popular items with a Skyro Product Loan, boss:

  • Mobile phones and tablets

  • Home appliances

  • Electronics

  • Computers and laptops

  • Furniture

→ What does pre-approved mean?

See "pre-approved" after applying? That means you have a high chance of receiving final loan approval, boss! But the decision depends on your chosen product and its store price. Go to the store to use your pre-approval.

→ Where can I use my pre-approved Product Loan?

A "pre-approved" status means you have a high chance of receiving final loan approval, but the decision depends on the product you choose and its price at the store. Go to the nearest store to use your pre-approval, boss! Visit any of our 8,000+ partner stores nationwide. Check our website to view a map of all our partner merchants and store locations.

→ How to pay for my Product Loan?

There are 2 ways to pay for your Skyro Product Loan: online or over-the-counter. Visit our How to Pay page here.

→ How to make advanced payments?

  1. Full early repayment (FER)

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:

  • Go to the Home screen in the Skyro app

  • Scroll down to find the block with your Product Loan.

  • Tap on your loan amount, and select 'Pay off in full.'

  • Choose a payment option and pay.

Quick reminders, boss:

  • The amount shown is valid until the next payment due date. (unless you availed of any value-added services or used Flexi)

  • 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, message us in the chat so we can assist you better.

  1. Skyro Flexi

    You can use Skyro Flexi to make advanced payments for your Product Loan, boss! Learn how to use Flexi here. {link}.

  2. Partial payments

    To make a partial payment for your loan in advance, please chat with us in the Skyro app to know the exact amount for the early payment.

→ How interest is computed for Product Loan?

For Product Loans, interest is based on the amount you borrowed, usually from 3.9% up to 7%, plus a one-time origination fee {link} that helps cover processing costs. The exact rate is shown in your loan agreement, boss.

This fee is added to your loan and spread out across your monthly payments.

Interest is calculated daily based on your remaining balance. On your due date, the interest for the period is added to your bill and paid first. As your balance goes down, the interest charged also gets smaller.

-> What is an origination fee?

The origination fee covers the processing of your application, boss. Generally, this is computed as:
10% of the financed amount + ₱690. Please note that the exact amount depends on your loan details, boss.

Was this helpful?

Related articles

Add-on services (Value-added Services) a. Loan protection b. Device protection c. Extended warranty d. Goods protection e. Electronic Doctor f. Personal Accident g. Flexi (link back to Flexi section)

POS Online

Online Product Loan Amount (Minimum) From ₱3,750 Loan Term 6, 9, 12, 18, 24 mont...

What items can I buy with a Skyro Product Loan?

You can buy these popular items with a Skyro Product Loan, boss: Mobile phones a...