The key feature of a deferred loan is that repayments are postponed for an agreed period. Note, the facility will incur deferral interest during the period which the loan is deferred.
Deferred loans are available for:
*Bank of St Helena defines agriculture activity as the science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products.
For more details on what is required for a business loan/overdraft application, please download the ‘Application Guide’ below.
Upon receiving an application and all documentation required, an in depth analysis is undertaken on the business proposal. This process is likely to take 4-6 weeks (20-30 working days) depending on:
A loan application may be declined for a variety of reasons. The Bank reserves the right to refuse or approve loans at its sole discretion, without the requirement to provide a reason for doing so.
A successful applicant will be notified by telephone, email or letter.
If your application is successful, you are required to pay an administration fee to the Bank for work carried out on your application. See the table below for the relevant admin and cancellation fees.
| Up to £5,000 | Application Fee | £20 |
| Administration Fee | £40 | |
| Cancellation Fee | £20 | |
| £5,001 - £30,000 | Application Fee | £25 |
| Administration Fee | £50 | |
| Cancellation Fee | £25 | |
| £30,001 - £75,000 | Application Fee | £25 |
| Administration Fee | 0.185% of Loan Amount | |
| Cancellation Fee | £25 | |
| £75,001 - £150,000 | Application Fee | £30 |
| Administration Fee | 0.3% of Loan Amount | |
| Cancellation Fee | £30 | |
| Over £150,000 | Application Fee | £35 |
| Administration Fee | 0.5% of Loan Amount | |
| Cancellation Fee | £35 |