Repayment Procedures and Schedules

Skew makes repayment simple and clear—but also flexible, since you set the terms when applying for a loan.

Here’s how it works:

  • You set the rate and terms – As a borrower, you choose your loan amount, duration, and the interest rate you’re offering to lenders.
  • Interest is collected up front – Once your loan is funded, the total interest is deducted immediately and placed in reserve to be paid out weekly to the lender.
  • You repay the principal – Over the term of the loan, you repay only the original loan amount (the principal), on the schedule you selected.

Everything is visible in your dashboard: how much is owed, when it’s due, and how much you’ve already paid.