Personal loans
Personal line of credit
Access liquidity between bonus cycles, private investments, or property closings without pledging real estate. Draw only what you need, pay interest on outstanding balances, and realign when cash returns.
Features and mechanics
Sky personal lines are designed for clients who can document recurring income or significant liquid assets even when timing varies quarter to quarter.
Draws and repayment
Minimum payments combine interest and a principal component based on outstanding balance. Large draws may trigger a refreshed ability-to-pay review.
Rate structure
Lines may be indexed to a published benchmark plus a margin. Your agreement spells out rounding, change frequency, and any floor or ceiling.
Relationship pricing
Private banking clients may receive relationship-based margins tied to qualifying deposits and fee schedules disclosed at account opening.
Not a substitute for emergency savings
Reserve six months of core expenses in cash instruments before relying on a line for lifestyle spending.
Questions borrowers ask
Can I keep the line open with a zero balance?
Yes, subject to annual review and account standing. Inactivity fees, if any, appear in your product guide.
How is this different from a HELOC?
A HELOC is secured by your home and may offer lower rates. An unsecured line does not place a lien on real estate but typically carries a higher margin.