SKYRO Loan Review App: Legit? Requirements? Calculator (2024)

Are you in search of a legitimate loan solution that can cater to your financial needs? Are you exploring options to secure quick and hassle-free cash loans in the Philippines? Look no further, as we delve into a comprehensive review of the Skyro Loan app in 2024. CashExpressPH will explore the legitimacy of Skyro Loan, its requirements, and how you can effectively utilize their loan calculator to plan your repayments.

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Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in May 2024 

Rank Lender Name & Application Link Loan Amount Loan Term Interest Rate Repayment ID Required Age Range Special Feature

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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 70 Receive money in 15 mins

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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only National ID required 20 – 70 Receive money in 15 mins

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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval

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₱1,000 – ₱50,000 1 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 65 Receive money in 10 mins
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₱1,000 – ₱25,000 1 – 180 days 0.1% Monthly or End of term Only ID Card required All accepted Approve Bad credit
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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval
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₱1,000 – ₱25,000 3 – 6 months 0% for 7 days Monthly or End of term Only ID Card required 21 – 70 Receive money in 4 mins
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₱500 – ₱25,000 60 – 180 days 1.2% per month Monthly or End of term Only ID Card required 18 – 65 Receive money in 5 mins
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₱1,000 – ₱20,000 7 – 30 days 0% for first loan End of term Only ID Card required 21 – 70 Receive money in 5 mins
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₱500 – ₱20,000 7 – 180 days 0% for first loan End of term Only ID Card required 22 – 65 Easy loan approval

Summary of Skyro Loan Review

  • Loan Amount: ₱5,000 – ₱250,000
  • Age Requirement: 18 – 70 years old
  • Loan Term: 6 – 12 months
  • Interest Rate: 1.5% – 7% per month
  • Requirements: Only one valid ID needed
  • Pros: Flexible repayment options
  • Cons: Extra fees may apply
  • Effectiveness: Rated as Good
  • Legitimacy: Confirmed
  • Payment Methods: Available through the app, bank transfer, and over-the-counter (OTC)
  • Phone Number: +63 919 170 0717
  • Registration Number: 2022‍080063542-00

What is a Skyro Loan?

The Skyro loan is a personal financial solution accessible to Filipinos through the Skyro platform. It empowers borrowers with the ability to secure loans ranging from ₱5,000 to ₱250,000, featuring a flexible interest rate that fluctuates between 1.5% and 7% per month. Borrowers enjoy the liberty to choose repayment terms of either 6, 9, or 12 months, providing ample room for financial planning.

Pros of Skyro Loan

Availing a Skyro loan opens up several advantages:

  • Loanable amounts extending up to ₱250,000
  • Attractive and competitive interest rates, ranging from 1.5% to 7% per month
  • Versatile repayment plans, offering choices of 6, 9, or 12 months
  • A simplified registration process, requiring just one valid ID
  • Multiple payment avenues, including bank transfer, GCash, and even the convenience of 7-Eleven.

Cons of Skyro App

However, there are certain drawbacks associated with Skyro loans:

  • Approval time can stretch from 1 to 7 days
  • In-person meetings with a Skyro representative may be necessary for paperwork and documentation
  • A stable income and a favorable credit history are prerequisites for loan approval
  • Additional fees such as processing fees, late payment charges, or early return fees may apply.

Skyro Loan Interest Rate

Understanding the interest rate for Skyro loans is essential, as it can significantly impact your repayment obligations. Skyro’s interest rates vary from 1.5% to 7% per month, contingent on factors such as the loan amount, term, and the borrower’s creditworthiness. To illustrate, consider a loan of ₱50,000 for 12 months with an interest rate of 1.5%, resulting in a monthly installment of ₱5,043.

Example of Skyro Loan Calculator

To gain deeper insight into loan calculations, here’s an illustrative example:

  • Loan Amount: ₱50,000
  • Interest Rate: 1.5% per month
  • Loan Term: 12 months
  • Origination Fee: ₱5,000
  • Total Loan Amount: ₱50,000 + ₱5,000 = ₱55,000
  • Monthly Payment: (₱55,000 × 1.5%) / 12 = ₱504.17
  • Total Interest: ₱504.17 × 12 = ₱6,049.04
  • Total Cost of the Loan: ₱55,000 + ₱6,049.04 = ₱61,049.04

This detailed breakdown provides a clear perspective on the total cost of the loan, encompassing the principal amount, interest, and origination fee. The monthly installment stands at ₱504.17.

Skyro Loan Requirements

To become eligible for a Skyro loan, individuals must meet the following criteria:

  • Be a Filipino citizen within the age range of 18 to 70
  • Reside in either Metro Manila or specific provinces, including Batangas, Bulacan, Rizal, Cavite, Laguna, and Cebu
  • Possess a mobile device and a valid Philippine mobile number
  • Furnish one valid ID from a list of accepted documents, including a Philippine passport, SSS ID, UMID, PhilSys ID, driver’s license, PRC ID, or postal ID.

Guide to Skyro Loan Application Step-by-step

Embarking on the journey to secure a Skyro loan involves a series of well-defined steps:

Step #1: Visit the official website

Start by navigating to Skyro’s official website, accessible at

Step #2: Get the money

On the homepage, locate and click on the “Get a money” tab to proceed. Specify the desired loan amount, installment period, and the purpose behind the loan. Subsequently, click “Apply for this loan.”

Step #3: Fill in the application form

Provide personal information, including your name, mobile number, and email address. To proceed, click “Next.”

Step #4: Confirm your mobile number

Enter the confirmation code sent to your mobile number in the designated field.

Step #5: Upload a copy of your valid ID

You have the option to upload a copy of your passport, SSS ID, UMID, PhilSys ID, driver’s license, PRC ID, or postal ID.

Step #6: Schedule a meeting with a Skyro representative

Anticipate a Skyro representative to contact you for the purpose of scheduling a meeting. The meeting location will be selected for your convenience.

Step #7: Meet with the Skyro representative to sign the loan documents

During the meeting, you will be required to sign the necessary loan documents and provide a copy of your signature. Alternatively, for tech-savvy individuals, the Skyro app is available for download on Android and iOS platforms, offering a video guide for a seamless application process.

Skyro Loan Reviews and Feedback

Real-life experiences often provide valuable insights into the effectiveness of a financial service like Skyro Loan. Here’s a review from a user who has been using the Skyro Loan app for several months:

“The application process with Skyro was swift and straightforward. I received loan approval within a few hours, making it incredibly convenient for my financial needs. While the interest rates are slightly higher compared to traditional banks, they remain competitive, and the array of loan term options allowed me to select a plan that aligned perfectly with my budget. Overall, I am satisfied with my experience with Skyro Loan, and I would confidently recommend it to others seeking a reliable financial solution.”

In addition to individual reviews, it’s beneficial to explore feedback from other customers to gain a well-rounded perspective.

Skyro Payment Methods

Effectively managing your loan repayments is crucial for a seamless financial journey. Skyro offers various payment methods, each designed to cater to your convenience:

1. Through the Skyro app: Access the Skyro app, select your loan, and proceed to “Make a payment.” Follow the on-screen instructions to complete the payment process.

2. Via Bank Transfer: You have the option to transfer funds to Skyro’s accounts at multiple banks, including BPI, UnionBank, BDO, ING, CIMB, and PayMaya. Ensure that you include your loan number and name as references to facilitate the process.

3. Over-the-counter (OTC): Explore the convenience of paying your Skyro loan at partner locations offering over-the-counter (OTC) services. A list of OTC partners is readily available on the Skyro website. Please note that when making payments via e-wallet or OTC partners, a ₱25 transaction fee applies. Payments made through online banks may incur an additional fee ranging from ₱10 to ₱25. Currently, there is no transaction fee for payments made through BDO or UnionBank; only an extra fee applies.

Compare Skyro Loan to Other Apps

A well-informed choice is key when considering a loan application. To assist in your decision-making process, let’s compare Skyro Loan to other loan apps:

Criteria Skyro Loan Home Credit Peso Cash
Loan Amount Up to ₱250,000 Up to ₱150,000 Up to ₱20,000
Loan Period 6, 9, or 12 months 3 to 36 months 91 to 365 days
Interest Rate From 1.5% to 7% per month From 1.89% to 4.99% per month 16% per year (0.04% per day)
Origination Fee Up to 16.6% of the loan amount or ₱5,000 (whichever is lower) Up to 4.5% of the loan amount or ₱1,500 (whichever is higher) ₱25 to ₱130
Approval Time 1 to 7 days As fast as 1 minute Within 24 hours

Skyro Loan Contact Information

For any inquiries, feedback, or concerns regarding your Skyro Loan, the following channels of communication are at your disposal:

  • Phone Number: +63 919 170 0717
  • Email:
  • Address: 20F Cyber Sigma, Lawton Avenue, Bonifacio South, Taguig City, 1637 Metro Manila

FAQs – Skyro App

To further enhance your understanding of Skyro Loan, here are some frequently asked questions, accompanied by relevant answers:

Is Skyro Loan legit?

Yes, Skyro Loan is a legitimate lending company in the Philippines. It is duly registered with the Securities and Exchange Commission (SEC) and proudly maintains its membership within the lending industry’s self-regulatory organization, the Fintech Alliance of the Philippines (FinAccel). Skyro offers a diverse range of loan products, encompassing personal loans, business loans, and installment loans.

Skyro vs. Home Credit: Which one is better?

Skyro and Home Credit are both prominent lending platforms in the Philippines. While Skyro is a relatively newer entrant offering 0% interest on select loans, Home Credit boasts a longer presence in the market, along with an extensive branch network. The decision between the two platforms should be driven by your specific requirements and circumstances.

Is Skyro SEC registered?

Yes, Skyro proudly maintains registration with the Securities and Exchange Commission (SEC). Its parent company, Jungle Lending Inc., possesses SEC registration number CS202002223 and holds a lending business license under number 3249. Furthermore, Skyro is duly listed with the SEC as an approved online lending platform.

How much is the late payment fee for Skyro?

Late payments with Skyro are subject to a fee of ₱500 or 5% of the disbursement amount, whichever is lower. This fee becomes applicable starting from the day following your due date. It’s important to note that late payments can have additional repercussions, such as a reduction in your credit score and an increased interest rate on your loan.

What is the valid ID for Skyro?

Skyro accepts various valid IDs, including a Philippine passport, SSS ID (Social Security System ID), UMID (Unified Multi-Purpose ID), PhilSys ID (Philippine Identification ID), driver’s license, PRC ID (Professional Regulation Commission ID), and postal ID. To be eligible for a loan with Skyro, you should meet specific criteria: you must be a Filipino citizen within the age range of 18 to 70 and be able to arrange a meeting with a Skyro agent in eligible areas.


In conclusion, Skyro Loan stands as a viable and legitimate option for those seeking financial solutions in the Philippines. It offers competitive interest rates, flexible repayment terms, and a simplified application process. However, before making a commitment, it’s advisable to meet the necessary requirements and consider comparing rates from various lenders. The Skyro loan calculator can be an invaluable tool for effective financial planning. Always ensure that you make informed financial decisions that align with your objectives and capabilities. Skyro Loan is here to serve as a valuable resource on your path to achieving your financial goals, and it’s important to leverage it wisely.

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