SkyCap Financial Reviews | How to Apply for a Personal Loan with SkyCap Financial

SkyCap personal loan, SkyCap financial loan interest rate, SkyCap loans contact number, how to apply, eligibility criteria & requirements

Sometimes money becomes so essential and required that we need it anyhow for something unexpected. we will be having the option to get it from friends & family or the bank but in the former case it is not sure that we will get it, for the later one time is the main issue. What if I tell you that there is a solution to the problem. today we are doing SkyCap Financial Reviews | How to Apply for a Personal Loan with SkyCap Financial which will help you to get the loan ASAP.

Loan App NameSkypCap Financial
Loan Amount$500 – $10000
Loan Tenure9 months to 36 months
Interest Rate12.99% to 39.99%

A detailed review will be presented about SkypCap so that you know in and out of this lending company which in turn will help you to finalize your decision.

Let’s begin…

What is SkyCap Financial?

It is a platform for providing personal loans to the citizens of Canada. It is in the financing business since 2013.

Its application process is online so that you can enjoy applying for a loan while sitting in the comfort of your home.

SkyCap Financial specializes in offering short-term loans to people having low credit or poor credit.

It also has University called SkyCap University, a free online course designed to improve financial literacy for SkyCap Financial clients. The course covers several basic financial topics such as creating a budget, dealing with credit and loans, and preparing for retirement.

Once clients have completed the course successfully and have a perfect payment history, they are rewarded with a reduced interest rate.

SkyCapy Financial Services

It offers various types of services such as personal loans, Debt consolidation loans, Bad credit loans, Cash loans, Car loans, Payday loans, etc.

Today, we will focus on SkyCap Financial Personal Loans.

SkyCapy Financial Personal Loans

A personal loan is a loan that you can use for any purpose. It depends on you how you utilize the loaned amount.

You can use personal loans in case of financial emergencies, or for paying your Debt. It provides personal loans to people who are having bad or poor credit as well.

SkyCap Financial Personal Loan Features

  • The loan application process is online.
  • It provides both short term and long term loan.
  • At SkyCap Financial, the personal loans with APR ranging from 12.99% to 39.99%.
  • Most loans are approved and money will be deposited to your bank account within 24 hours.
  • It offers personal loans from $500 – $10000.
  • At SkyCapy Financial, personal loan terms range from 9 months to 36 months.
  • You will get the lan even you have the bad or poor credits. loan depends mainly on your income level along with some other factors.
  • If you finish the online courses from its SkyCap university and your payment history is perfect, your interest will be reduced next time.

SkyCap Financial Loan Requirements

  • Be at least 18 years old with government issued photo ID.
  • Have an active bank account in Canada.
  • Minimum Credit score of 660 should be there.
  • Active Email ID and Mobile Number.
  • Your income should be minimum $1200 per month.
  • Social Insurance Number (SIN). It is not mandatory but it can help you to speed up the eligibility for a loan.
  • Most recent pay stub (not older than 30 days), or other proof of income.
  • Last 90 days of your bank statement.
  • Must not be in a active bankruptcy or consumer proposal.
  • A blank cheque or pre-authorized debit form to authorize deposits and withdrawals from your account automatically.

How to Apply for a Personal Loan with SkyCap Financial

It provides an easy and fast loan application process. you can complete the loan application in less than 5 minutes. Just follow the steps below.

  • Visit the SkyCap Financial website and click on the button Get a Loan on top of the page.
  • On the next page choose the amount required, answer whether you are an existing client, select the purpose of the loan from the drop-down and enter your personal information like your name, email, phone number, give your Consent and click on the button confirm your information and go to Next step.
  • On the new page, you need to fill some additional information such as your birthday, and your SIN (Security Identification Number), your current address, your apartment/suite number, city, province, postal code, how long you are staying at the current address, and choose your current status (Canadian citizen, Permanent Resident, Work Permit, Visitor, International Student, or Other.
  • Now, Fill your Employment Information, including your Employment Status. Fill the net pay that you are getting each month along with the frequency of getting paid.
  • Next Provide your housing information ,enter your credit card information and Debts if any.

How Does a SkyCap Financial Personal Loan Work?

  • Apply: Complete the loan application process by sharing basic information about your income, employment and credit status or by calling Customer care.
  • Lending Decision: Once the application process is completed, SkyCap Financial will process your application and provide you a lending decision quickly.
  • Sign Documents: If your selected loan amount is approved, review it and sign your loan agreements.
  • Get Funds: After signing the loan agreements, you will receive cash to your linked bank account via Direct deposit within 24 hours.

SkyCapy Financial Loan Interest Rate

SkyCap Financial offers a competitive Annual Percentage rate (APR) ranging between 12.99% to 39.99%.

For Example: $1000 borrowed for 12 months at 29.99% Monthly payment – $97.48, Total cost of borrowing – $169.79

You have to pay an NSF fee of $50 for not maintaining sufficient funds on the due date of your loan. A non-refundable administrative fee of $75 is there.

You may be charged a prepayment penalty, as well as a late payment penalty. check carefully with customer care.

How SkyCap Financial Loan Repayment Works?

Since the process is completely online, Your regular scheduled payments will be automatically withdrawn from your bank account when your payments are due so you will never have to worry about missing a payment.

Just make sure to maintain a sufficient balance in your bank account on the due date to avoid any NSF (Non-Sufficient funds) penalties or charges.

Is SkyCap Finacial Safe and Legit?

SkyCap Financial has had a good experience as it is offering personal loans to Canadians since 2013.

SkyCap Financial takes responsibility for protecting and maintaining personal information.

SkyCap Financial will maintain appropriate safeguards to protect personal information from loss or theft, unauthorized access, disclosure, copying, use, or modification regardless of the format in which it is retained.

As per its Privacy Policy page, SkyCap Financial will not use or disclose personal information for purposes other than those for which it was collected, except with the consent of the individual, or as required or permitted by law.

The privacy policy also says, If you want to review or verify your personal information or find out to whom we have disclosed it as permitted by this Policy, you can call and speak to one of our service representatives.

By looking at the above case one can say that SkyCap Financial is a legit loan provider platform and one can choose it for getting a personal loan.

SkyCap Financial Pros & Cons

Approval is Quick.High-interest rates may apply if the credit score is poor or bad.
The interest rate is very competitive.Fees are not displayed on its website.
Flexible repayment terms.A minimum income of $1200 is required.
Requirements can be qualified easily.
The Loan Amount is High.

SkyCap Financial Personal Loans Reviews & Feedback

On its Website only we can see a rating of 4.8 which is quite impressive. the rating is powered by BirdEye.

Better Business Bureau (BBB) shows a rating of 4.66 out of 5. It also shows 35 complaints closed in last 3 years, 9 complaints closed in last 12 months.

SkyCap Financial Contact Details

SkyCap Financial phone number = 877-924-4557

SkyCap Financial Email Address =

SkyCap Financial Registered Address =

1020 Bayridge Dr. Suite 104
Kingston, Ontario K7P 2S2

SkyCap Financial Working hours =

Monday – Friday = 8:00 am – 10:00 pm EST
Saturday = 9:00 am – 6:00 pm EST
Sunday = 9:00 am – 6:00 pm EST


Today, in this article we have done SkyCap Financial Reviews | How to Apply for a Personal Loan with SkyCap Financial. I hope the deep analysis will be fruitful for you.

Make sure you check all the fees with SkyCap Financial before finalizing your decision to get a loan from it. sometimes hidden fees can put a burden on you. so play wisely.

Skycap Financial has many good features which we discussed above makes it worth getting a loan from it.

Read Also


1: What is SkyCap’s financial interest rate?

SkyCap Financial is having an interest rate between 12.99% to 39.99%. Interest rates and the total cost of borrowing are dependent on a borrower’s credit history.

2: What is SkyCap Financial payment term?

It offers loans with terms ranging from 9 months to 36 months.

3: How I will receive funds from SkyCap Financial?

Once your loan application has been approved and your agreement is signed, your funds will be deposited directly into your bank account.

4: How long it will take SkyCap to approve my loan?

Your loan will get approved within 24 hours during normal business hours.

5: How much I can borrow from SkyCap Financial?

You can borrow $500 to $10000 from SkyCap Financial.

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