About SkyCap Financial

SkyCap Financial is a Canadian personal loan provider based in Kingston, Ontario, that has been offering alternative financing solutions to Canadians since 2013.

SkyCap is committed to providing a better lending experience through its quick and straightforward online application process, which can typically be completed in just five minutes.

SkyCap Financial specializes in assisting borrowers who may have low or poor credit scores, offering short-term loans ranging from $500 to $10,000. Instead of focusing solely on credit scores, SkyCap takes a more comprehensive approach by considering various factors, including credit history, employment, and income, when reviewing loan applications. This approach enables them to provide financial assistance to those who might otherwise struggle to secure a loan.

With a strong online presence and positive feedback from its clients, SkyCap Financial has established itself as a reliable option for Canadians in need of financial support, particularly those with fair to good credit.

SkyCap Financial FAQs

What Do I Need to Qualify for a SkyCap Financial Loan?

To qualify for a SkyCap Financial loan, you must be a Canadian resident (excluding Nova Scotia and Quebec), at least 18 years old, and have a net income of $1,200 or more per month.

You can’t be in an active bankruptcy, and your main income should come from either a part-time or full-time job, a pension, or disability benefits, but not from employment insurance or social assistance. You’ll also need to provide a valid government-issued photo ID, two recent pay stubs, your last 90 days of banking transactions, a bill from the last 60 days, and a void cheque.

Can I Apply for a SkyCap Financial Loan Online?

Yes, you can apply at any time using their online application form.

How Quickly Can I Get a Loan from SkyCap Financial?

After your loan application is approved and you sign the agreement, SkyCap Financial deposits the funds directly into your bank account, so you get your money instantly—no waiting for a check.

How Does SkyCap Financial Send Me the Loan?

The loan amount is usually deposited directly into your bank account, either through direct deposit or by wire transfer.

How Do Loan Repayments Work at SkyCap Financial?

You can set up automatic payments through their pre-authorized payment plan, which will automatically withdraw the loan payments from your bank account on the due dates.

SkyCap Financial Products

Personal Loan

Loan Amount

• $500 – $10,000

Rates & Term Length

• Interest Rate: 12.99% – 39.99% APR
• Payment Schedule: 9 – 36 Months

Service Details

• Loan Processing Time: Up to 24 hours 
• Money Transfer Method: Direct Deposit
• Repayment Method: Automatic debit

Eligibility

• Over 18 years of age 
• Must be Canadian citizen 
• Over $1,200 of monthly income
• Must be employed 
• No active debt relief programs on file 

Required Documentation

• Government-issued ID
• Banking statements 
• Void Cheque