Skyro and PalawanPay have teamed up to make loans accessible for customers. Through this
partnership, eligible PalawanPay users can now easily apply for a Skyro loan.
Palawanpay will not share any personal information of its customers. Instead, the partner (Skyro) will place targeted ads in PalawanPay made only available to pre-qualified PalawanPay users.
CUSTOMER JOURNEY
- Once a pre-qualified PalawanPay user clicks on the in-app ads of Skyro (interstitial/in-app banner/ PN, Email), he/she will be redirected to the landing page of the Skyro’s website.
- Customer must apply for a loan on the website of Skyro.
- Once application is completed, Skyro will evaluate the loan application based on their own credit scoring and credit evaluation process/criteria.
- Once the Skyro approves the loan application of the palawanpay customer, the customer will receive an SMS notification from Skyro informing them of the decision.
- Customer will inform Skyro of his interest to apply for the loan.
- Once the customer agreed and completed the loan requirements of Skyro, the loan proceeds will be disbursed on the chosen disbursement channel of customer.
(Soon disbursement to PalawanPay will be available too.)
SKYRO CREDIT FAQs
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Who can apply?
To apply, you must:
- be a Filipino citizen aged 18 to 70 years old
- have a smartphone and a Philippine mobile number
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What documents are required?
You just need one valid ID from this list:- 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)
- Postal ID
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How long does it take to get the money?
It usually takes less than 24 hours but in some rare cases can take up to 2 days. Here are the
exact steps:
Step 1. Fill out the form with your details (≈10 min).
Step 2. Download the Skyro app on your mobile phone.
Step 3. Pick up a call from +63 919 170 0704 to confirm your data and make sure your
references do too.
Step 4. Almost done! We just need to review your application. It might take a couple of hours or
up to 24 hours. Make sure to pick up a confirmation call from us during this time.
If you get approved, your money will be credited to your bank account or e-wallet. The
disbursement can be instant or as long as 24 hours. In case you don’t receive the money by then,
contact us via in-app chat.
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How will I know if I am approved?
You'll receive the results of your Skyro loan application through Viber or an SMS sent to the mobile
number you provided.
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Are there processing/origination and disbursement fees?
There is an origination fee of 16.6% of the approved loan amount (or ₱5,000, whatever is lower).
Note that we will add the fees on top of the approved loan amount instead of subtracting. This
means you’ll get the full approved loan and pay the fees over time.
For example, if your approved loan amount is ₱50,000, the origination fee is ₱8,300. It’s higher
than ₱5,000, thus, your origination fee is ₱5,000. The total loan amount is ₱55,000.
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What are my options for receiving the money?
The disbursement channels include a bank account (BDO, BPI, Metrobank, Philippine National
Bank, etc.) or e-wallet (GCash, Maya, GrabPay, Coins.ph, OmniPay, or Starpay).
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How much is the interest rate?
The interest rate starts at 1.5% to 7% per month.
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What are the different installment periods I can choose?
You’re expected to pay your loan monthly following a 6, 9, or 12-month installment period.
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Can I avail of other PalawanPay offers through Skyro?
If you're an eligible PalawanPay user, Skyro is here for simple and secure cash loans. Just
remember, other oers in the PalawanPay app are separate and managed exclusively by
PalawanPay.