Interest-free payment option
“Interest-free” means paying your full bill on time, no interest added. The interest-free payment is shown on your SkyroCredit screen in the app. No need to compute anything, boss! This is the amount you used from your limit during the billing period.
Pay this amount on or before your due date to avoid interest charges. You will have up to 45 days to pay, starting from your previous billing date.
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Example: If your credit limit is ₱5,000 and you spend ₱2,000, paying the full ₱2,000 on or before your due date means no interest.
Tip: If you want to avoid interest charges and late payment fees, make sure to pay your full outstanding balance on or before your due date, boss.
To learn more about how SkyroCredit’s billing cycles work, go here. {link}