Skyro loan reviews: is skyro.ph legit?

Introduction

Skyro.ph is a financial technology company that offers lending and financial services in the Philippines. It is a combination of two affiliate companies, Advanced Finance Solutions, Inc. and Jungle Lending, Inc. Skyro.ph aims to provide Filipinos with accessible and hassle-free financial solutions that can help them achieve their financial goals.

Background

Skyro.ph was established in the Philippines with the aim of helping Filipinos gain access to fast and reliable financial solutions. The company is certified by the Securities and Exchange Commission and holds a financing company license for Advanced Finance Solutions, Inc. and a lending company license for Jungle Lending, Inc.

Services

Skyro.ph offers a range of financial services, including personal loans, salary loans, business loans, and online payment solutions. Their personal loans can be availed of through a simple and hassle-free online application process. Borrowers can choose the loan amount and repayment terms that suit their needs and financial capability.

The salary loan service offered by Skyro.ph aims to help employees meet their financial needs between paydays. This service allows borrowers to get access to funds quickly, with low-interest rates and flexible repayment terms.

Skyro.ph’s business loans offer financing solutions to small and medium enterprises that need funding for their business operations. This service can be accessed by businesses with at least one year of continuous operation and has an annual revenue of at least Php 1 million.

Finally, Skyro.ph also offers online payment solutions that allow businesses to easily collect and process payments from their customers.

Benefits

Skyro.ph offers several benefits to its customers. The company boasts of fast loan processing and approval, with funds being released within 24 hours of approval. Their online application process is simple and user-friendly, with minimal documentation requirements. Skyro.ph also offers flexible repayment terms that can be customized to suit the borrower’s financial situation.

Another benefit of Skyro.ph is their low-interest rates. The company offers some of the lowest interest rates in the market, making their loans more accessible to a wider range of borrowers.

Pros and Cons of Using Skyro

Pros

• Skyro offers fast and convenient loans, with applications and disbursements done online.
• The platform offers flexible loan amounts and repayment terms, which can be customized to fit the borrower’s needs.
• Skyro’s interest rates are competitive, especially for those with good credit scores and repayment histories.
• The company is transparent about its fees and charges, with no hidden costs or penalties.

Cons

• Skyro’s loans are only available to borrowers in the Philippines, so it may not be an option for those outside the country.
• The platform may not be suitable for borrowers with poor credit scores, as Skyro has strict eligibility criteria.
• Skyro’s loan amounts may be lower compared to other lenders, especially for first-time borrowers.

Eligibility and Requirements for Skyro Loans

To be eligible for a loan from Skyro, applicants must meet the following requirements:

• At least 21 years old but not more than 65 years old
• A Filipino citizen or a foreigner residing in the Philippines with a valid visa
• Employed, self-employed, or a business owner with a stable source of income
• Has a valid government ID, proof of income, and proof of billing address

Applicants may also need to provide additional documents, depending on the loan amount and type.

Is Skyro Legit?

Yes, Skyro is a legitimate financial services provider in the Philippines. The company is registered with the Securities and Exchange Commission (SEC) and has a valid lending company license. Skyro also follows the regulations set by the Bangko Sentral ng Pilipinas (BSP) and other government agencies.

Skyro Loan Reviews

Skyro has received mixed reviews from borrowers, with some praising the platform’s convenience and ease of use, while others have raised concerns about the high interest rates and strict eligibility requirements. Some common themes in Skyro loan reviews include:

• Fast and convenient loan application and disbursement process
• Responsive customer support
• High interest rates and fees, especially for those with poor credit scores
• Strict eligibility criteria, which may exclude some borrowers
• Difficulty in accessing the Skyro app or website at times

Overall, it’s important for borrowers to carefully review the terms and conditions of any loan before signing up, and to make sure they fully understand the costs and risks involved.

Conclusion

Skyro is a reputable and reliable online lending platform in the Philippines. With their fast and hassle-free application process, borrowers can easily apply and get approved for loans within minutes. Skyro offers a wide range of loan products to cater to different financial needs, including personal loans, business loans, and salary loans. Moreover, their flexible repayment terms and competitive interest rates make them a popular choice among borrowers.

While Skyro has several advantages, it is important to note that there are also some drawbacks to using their services. For instance, their loan products may have higher interest rates compared to other lending companies in the market. Additionally, not everyone may be eligible for a loan from Skyro, as they have certain requirements that borrowers must meet.

Overall, it is clear that Skyro has been able to establish itself as a trustworthy and reliable online lending platform in the Philippines. With their commitment to providing fast and convenient loan services, they have helped thousands of Filipinos achieve their financial goals. However, it is always important to do your own research and due diligence before deciding to take out a loan from any lender.

summary

Skyro.ph is a financial technology company that operates under the affiliate companies Advanced Finance Solutions, Inc. and Jungle Lending, Inc. It is registered and certified by the Securities and Exchange Commission, with registration numbers and licenses to operate as a financing and lending company. Skyro.ph’s headquarters is located in Cyber Sigma in Bonifacio South, Taguig City, with another office located in Pasig City.

Skyro.ph provides loans to individuals and small businesses, with a focus on fast and easy application processes and disbursement of funds. They offer a range of loan products, including personal loans, salary loans, business loans, and even loans for OFWs (overseas Filipino workers). These loan products come with varying repayment terms and interest rates, giving borrowers the flexibility to choose the loan that best suits their financial needs.

One of the unique features of Skyro.ph is their mobile app, which allows customers to apply for loans and manage their accounts conveniently through their mobile devices. The app is available for download on both iOS and Android devices, and users can easily navigate through the loan application process and track the status of their loan applications. Skyro.ph’s mobile app also features a loan calculator, enabling borrowers to estimate the monthly repayment amount based on the loan amount and repayment terms.

Skyro.ph has received positive feedback from customers for their fast and easy loan application process and friendly customer service. The company’s commitment to transparency and responsible lending practices has also been commended, with clear terms and conditions provided for each loan product. Skyro.ph also values customer feedback and continuously works to improve their services to better cater to their customers’ needs.

In conclusion, Skyro.ph offers a range of loan products and services designed to cater to the financial needs of individuals and small businesses. Their mobile app provides convenience and ease of use for customers, and their commitment to responsible lending practices is a testament to their dedication to providing fair and transparent services. With their strong reputation and positive customer feedback, Skyro.ph is a reliable and trustworthy financial technology company for those seeking loans in the Philippines.