What is a Sky Personal Loan?

Sky Cash personal loans provides the ability for an individual to receive up to $500.00 in funding. It is a loan that can be used for any personal need such as emergencies, grocery's, car repairs, medical bills, entertainment or any other need you might have.

What are the basic requirements for a loan?

While every situation is different and our underwriters look at several factors when considering loan approval the following are basic requirements that need to be met in order to pre-qualify for our loan products:

  • Must be at least 18 years Old
  • Currently Employed and receive steady income
  • Must have a checking account older than 3 months and in good standing
  • Must receive direct deposit into your checking account

Additional to these basic requirements we will evaluate your application and determine whether you are eligible for our loan products, during that evaluation we will look at factors such as Income, Direct Deposit of your Pay, Loan History and State of Residence which may affect approval of your loan. It is important that you fill out your application with accurate information in order to avoid delays or denial or your loan application.

What are the fees?

At Sky we believe in ethical lending, we do not charge any application or processing fee.

What is the cost of the loan?

The finance cost varies and is calculated depending on several factors the rate of your loan will be disclosed in your loan agreement upon pre-approval of your application.

Our finance costs are among the lowest in the industry.

How do I get a loan?

Our process is completed in 3 simple steps.

  • Complete our simple and short application.
  • Read, Review and accept the terms and conditions of the loan.
  • Complete our secure and fast Instant Bank Verification process.

Then sit back, relax, and wait for your deposit to arrive.

I received a Pre-Approval notice but I have not applied on your website.

This happens when you apply at one of our affiliates and we received the information to make the determination on the loan approval. Congratulations this means you are almost done! Simply follow the instructions on the email to complete the approval process.

How will I receive my loan?

We fund loans via ACH directly to your bank account.

How soon will my fund be reflected in my bank account?

If your loan application is approved prior to our daily cut off time the funds are processed same day and will reflect to your account as soon as the following business day.

When do I repay the loan?

This varies on every application. Please check your loan agreement for specific due date and cost information.

What is APR?

APR stands for annual percent interest rate. This is the interest rate you will be charged for your loan. The fees and APR will be provided to you in writing after acceptance of your loan. If your loan is approved, always check the documentation provided to ensure you are prepared for any fees and interest rates that apply. If your application is denied or you decide not to accept our loan offer, then no fees will apply.

What is the maximum amount I can borrow?

We fund loans from as little as $100 and up to $500; the maximum amount however will depend on the information in your application and your ability to repay.

I need help with the process, who can help me?

Our customer service representatives are available to assist your every step of the way. You can contact our call center by email, or through our toll free number for any inquiry you may have.

How do I protect my privacy and personal information?

We at Sky take privacy very seriously, and as such we use industry-standard encryption and put in place strong policies to make every effort to avoid any interception of your data.

I am ready to apply, where do I begin?

Great! Start by completing our online loan application we would be happy to welcome you as a Sky Cash customer today!