Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Apply For SkyCap Financial

Advertiser Disclosure

How to apply for a loan?

Trust, stability, and current income are the main factors on which SkyCap Financial's lending decisions are based. A borrower needs to complete a quick online application with personal information to apply for a loan. Further, it's necessary to provide proof of income (1 most recent paystub), the last 90 days of your bank statement, a void cheque or a pre-authorization debit form, and a piece of valid government-issued photo ID. These documents are essential to determine the loan repayment capacity of the borrower.

Application details

  • Unlike other banks that make customers wait a long time and take days or even weeks to get back to their clients, this lender promises to get your decision fast. SkyCap Financial strives to provide better service by getting you a fast decision. It can issue an approval in as little as 24 hours during regular business hours (applications completed on the weekend may not be classified as completed until the end of the next business day).
  • This lender aims to provide an opportunity to receive a loan with a poor credit history. However, this does not give a 100% guarantee of loan approval. Promoting transparency and openness, SkyCap states that it reserves the right to approve or decline an applicant based on SkyCap's internal underwriting guidelines and procedures. As a result, not all applicants are approved.

Requesting a loan, use the online application form. The process is quick and easy. It will take approximately about 5 minutes.

  1. Go to the SkyCap Financial website – www.skycapfinancial.com and click on the "Get a Loan" button

  2. Choose your loan amount (from $500 to $10,000). You have to state the amount you need and the purpose of the loan, email, and cell phone number. Read Skycaps Credit, Privacy, and CALL Policy and confirm your consent with them. Ensure that your information is correct and click "Confirm your information and go to the next step."

  3. Fill out your personal information such as date of birth and SIN (9-digit Social Insurance Number), current address, apartment/suite number, city, province, postal code, and current status. Next, fill out your employment information, including Net Pay each Pay Period, how often you get paid, employment status, and whether you are currently in credit counseling. Finally, click the button "Next."

  4. Review and submit your application

  5. They also offer services in most provinces. For more detailed information on which provinces and cities are served, visit their website https://skycapfinancial.com/skycap-locations/

If you have any questions or need help, call at +1 (877) 924-4557 or email at [email protected].

SkyCap Financial application

FAQ

How long does it take to get approved by SkyCap Financial?

SkyCap Financial strives to make it quick and easy to get a loan, while other banks take days and weeks to get back to their clients. After completing an application, in most cases, it can be approved in 24 hours during regular business hours. Note that decisions on applications are based on completed applications after customer verification (applications completed on the weekend may not be classified as completed until the end of the next business day). It is worth mentioning that not all applicants are approved. SkyCap reserves the right to approve or decline an applicant based on SkyCap's internal underwriting guidelines and procedures. 

How trustworthy is SkyCap Financial?

SkyCap Financial is one of Canada's top personal loan lenders, which is confirmed by many SkyCap Financial reviews. According to the SkyCap Financial reviews, debt consolidation is one of Canadians' main reasons to take a loan from them. SkyCap ratings are high, according to their official website. There are no negative reviews on their website, and the overall rating is 4.8. However, reviews about this lender on the Internet reflect quite the opposite opinion. The company's rating is 1.8 on another opinion website, and consumers are mostly dissatisfied. This company could have removed all negative reviews on the official website to create a high rating. To sum up, according to negative assessments and complaints on the Internet there is a doubt about the reliability of this company.

Does SkyCap Financial verify income?

Yes, this lender verifies the information provided by you in your application before the disbursal of your loan. To be eligible for a loan from this lender, it is necessary to verify one's income. To determine the loan repayment capacity of the borrower, SkyCap Financial demands the following documents: proof of income (1 most recent paystub), the last 90 days of your bank statement, a void cheque or a pre-authorization debit form, and a piece of valid government-issued photo ID. The company uses these documents to verify your income to make sure that you can repay your loan. 

Does SkyCap Financial hurt your credit score?

SkyCap Financial may report your payment history to a credit bureau. This can improve your credit history or reduce your credit score depending on your payment history. As long as your scheduled payments are made on time, it may increase your credit score by establishing a credit history. Similarly, as the lender may report all fulfilled payments to your credit history, all missed and/or late payments may likewise be reported. That means that if you miss a payment, it will affect your credit history. Ultimately, missed or late payments may result in adverse reporting to your credit history, which, given time and frequency, may reduce your credit score. 

Financial products
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Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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$500-$10,000
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Effective interest rate on the product

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SkyCap Financial
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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
650
1000
$500-$10,000
Rate
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Effective interest rate on the product

up to 39.99%
Term
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Loan term for the financial product

up to 36 months
SkyCap Financial
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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
650
1000
$500 - $10,000
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Effective interest rate on the product

up to 39.99%
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Loan term for the financial product

up to 36 months
SkyCap Financial
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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$10,000
Rate
i

Effective interest rate on the product

up to 39.99%
Term
i

Loan term for the financial product

up to 36 months
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Recommended FinScore™
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650
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500.00 – 1500.00 C$
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Effective interest rate on the product

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650
1000
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Effective interest rate on the product

up to 31.99%
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300
650
1000
$5,000-$100,000
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Effective interest rate on the product

up to 31%
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Loan term for the financial product

up to 86 months
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Effective interest rate on the product

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Effective interest rate on the product

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Loan term for the financial product

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from 4%
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All SkyCap Financial’s reviews by may 2024
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