Baloon Advance
Product Features
- Available to salaried members who channel their income through Skyline SACCO
- Maximum repayment period of six months
- Subject to account activity, repayment capacity and applicable credit-appraisal requirements
Eligibility Requirements
To qualify, you must:
- Be an active Skyline SACCO member
- Channel your salary through Skyline SACCO
- Have maintained an active account for more than one month
- Meet the applicable affordability and lending requirements
Loan Security
The advance may be secured by:
- The member’s deposits held with Skyline SACCO
- Approved guarantors and their qualifying deposits
If the loan falls into default, the member’s shares and guarantors’ deposits may be applied towards the outstanding amount in accordance with the applicable loan agreement and SACCO lending policy.
Access Convenient Short-Term Financing
Get financial support structured around your regular salary income.
Apply today or visit your nearest Skyline SACCO branch for assistance.