Skyro Loan App Download Free for Android 2024 (Product Loans)

2.20.0-GMS
Apply in 5 easy steps:
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DeveloperJungle Lending Inc.
UpdatedMay 17, 2024
Size27 MB
Version2.20.0-GMS
Requirements7.0
Downloads500,000+
Get it on Google Play

Description

Skyro Loan App offers a simple and efficient way to finance your purchases. By following these five easy steps, you can quickly secure a loan and enjoy your desired products.

How to Apply for a Skyro Loan in 5 Easy Steps

  1. Visit Any of Our Partner Merchants: Start by visiting one of our numerous partner merchants. Our extensive network ensures you have convenient access to a wide range of stores and services.
  2. Choose What You Want to Purchase: Select the item or service you wish to buy. Skyro Loan App supports various purchases, making it versatile for your needs.
  3. Fill Out the Digital Application with a Skyro Agent: A Skyro agent will assist you in completing a digital loan application. This step is streamlined and user-friendly, ensuring a smooth experience.
  4. Sign Your Loan Agreement: Once your application is approved, you will sign the loan agreement. This process is entirely paperless, saving you time and effort.
  5. Settle the Down Payment and Enjoy Your Purchase: After signing the agreement, make the minimum down payment, which starts at 20% of the purchase price. You can then take home your purchase and enjoy the benefits of your loan.

Eligibility Criteria for Skyro Loan App

Skyro Loan App Download Free for Android 2024 (Product Loans)

To become a Skyro Loan App customer, you must meet the following criteria:

Benefits of Choosing Skyro Loan App

Skyro Loan App provides a range of benefits that make it a compelling choice for financing your purchases:

  • Low Down Payments: Minimum down payments start at just 20% of the purchase price.
  • Paperless Contracts: The entire process, from application to contract signing, is paperless.
  • Friendly Customer Care: Our customer care team is dedicated to assisting you with any queries or issues.

Fees and Charges

When you take a loan with Skyro Loan App, an origination fee of ₱690 plus 10% of the approved loan amount will be added to your loan. This fee structure ensures that you receive the full loan amount and can pay the fees over time.

Convenient Payment Options

Skyro Loan App offers a variety of payment options, allowing you to choose the most convenient method:

Online Banks

  • BDO
  • BPI
  • Land Bank
  • Metrobank
  • RCBC
  • UnionBank

E-wallets

  • Coins.ph
  • GCash
  • GrabPay
  • Maya

Over-the-Counter Partners

  • 7-Eleven
  • Bayad Center
  • CLiQQ
  • Cebuana
  • DA5
  • ECPay
  • eTap
  • ExpressPay
  • M Lhuillier
  • Palawan Pawnshop
  • Posible
  • The SM Store
  • TrueMoney

Transaction Fees

When paying using an e-wallet or via over-the-counter partners, a transaction fee of ₱25 applies. For online bank payments, the fee is ₱25 plus an additional charge ranging from ₱10 to ₱25. Currently, BPI, BDO, and UnionBank payments only incur the additional fee, with no transaction fee charged.

Loan Repayment Terms

Skyro Loan App offers flexible repayment terms to suit your financial situation:

  • Minimum repayment period: 6 months
  • Maximum repayment period: 12 months

Annual Percentage Rate (APR)

The maximum Annual Percentage Rate (APR) for a Skyro loan is 119%. This rate reflects the total cost of the loan on an annual basis, including interest and fees.

Example of Loan Costs

Consider a loan of ₱15,000 with a 12-month repayment period:

  • Monthly payment: ₱1,963
  • Origination fee: ₱2,490
  • Monthly interest rate: 4.9%
  • Total interest amount: ₱6,006
  • Total amount due: ₱23,556

Certified and Trusted

Skyro Loan App is operated by Advanced Finance Solutions, Inc. and Jungle Lending, Inc., both certified by the Securities and Exchange Commission (SEC).

  • Advanced Finance Solutions, Inc.: Registration No.: 2022080063542-00. Financing company license No.: F-22-0029-37.
  • Jungle Lending, Inc.: Registration No.: CS202002223. Lending company license No.: 3249.

Contact Us

For more information or assistance, please contact us at:

Skyro Loan App makes financing your purchases easy, fast, and convenient. Apply today and enjoy the benefits of a flexible loan tailored to your needs.

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