FAQs

We base our lending decisions on three factors: your credibility, your stability and your current income. We understand that sometimes bad things happen to good people so if you have bad credit or a past bankruptcy, we can still help. SkyCap specializes in helping people with low credit or bad credit get the help they need with a quick and easy SkyCap Loan!
Our application process is quick and easy. To get a loan, we require a 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. We don’t make it a hassle to get a SkyCap Loan, and our customer service team is always available to help with any questions you may have. You can call us directly at 1-877-924-4557.
Our loan application can be completed in under 5 minutes. We have streamlined our application to focus on you! We don’t want to have you fill out box after box like the big banks do, we only ask for the information we need to process your application. We are proud of how quick and easy we make it for our customers to access the cash they need when they need it.
We can issue approval in as little as 24 hours during normal business hours. Some banks and other companies take days and weeks to get back to clients as to their approval status. We make it quick and easy to get a SkyCap Loan. Good credit? Bad credit? No credit? No problem! We get you your decision fast.
Once your loan application has been approved and your agreement signed, we deposit the funds directly to your bank account. No waiting for a check to be in the mail, we get you the cash instantly! This is what makes SkyCap Canada’s number one lender for loans for people with bad credit.
At SkyCap, we give you the flexibility you need for your loan. You can borrow from $500 all the way up to $10,000. Do you need a quick $750 for a car repair? A SkyCap Loan can help! Do you need to replace your car after it broke down and need $10,000? We can do that too! All with a quick and easy loan application.
Why settle for a payday loan that forces you to pay back the entire loan at your next payday. We here at SkyCap offer installment loans as we want to make it easy and affordable for you to pay back your loan with us. We offer loans with terms ranging 9 months to 36 months. We can find a term so that you can afford our easy payments.
We always want to help you so you don’t risk forgetting or missing a payment. That's why we set you up with automatic payments on our pre-authorized payment plan to automatically withdraw your loan payments from your bank account when your payments are due. That means you don’t have to worry!
We totally understand that sometimes things can come up. We are proud of the fact that we work closely with our customers to ensure that we find a solution for most circumstances. Unlike some other lenders, we partner with each of our customers to ensure that we find something that will work. We are always willing to help!
APR stands for Annual Percentage Rate. Our APR and total cost of borrowing depends on the strength of your application and your credit history. If you have bad credit, low credit, or even no credit, you can still apply! We have been able to help thousands of Canadians get the cash loans they need regardless of their credit situation. Our APR and total cost of borrowing is outlined in your loan agreement as well as in our Responsible Lending policy.
Have you gone through a bankruptcy or a consumer proposal? We are able to consider applications from clients who have recently been discharged from bankruptcy or a consumer proposal. A SkyCap Loan can help you build and re-establish your credit after a bankruptcy or consumer proposal.
We understand that sometimes bad things happen to good people. We don’t hold the fact that you might have had problems in the past against you. Having a low credit score, bad credit score or no credit score at all is not a deal breaker. We look at your whole situation and not just your score. This is what helps make SkyCap Canada’s number one lender for loans for people with bad credit.
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Interest rates and total cost of borrowing are dependant on a borrower's credit history. SkyCap reserves the right to approve or decline an applicant based on SkyCap's internal underwriting guidelines and procedures. Not all applicants are approved.

  • Loan amortization from 9-36 months
  • APR from 12.99% to 39.99%
  • Example: $1000 borrowed for 12 months at 29.99% Monthly payment: $97.48; Total cost of borrowing: $169.79