Title of the document Online Banking Log-In Title of the document Tourist Card Log-in
Title of the document Online Banking Log-In Title of the document Tourist Card Log-in

PERSONAL LENDING


Bank of St Helena is committed to providing its customers with accessible, affordable and appropriate financing for their personal ventures. We offer a range of financing options.

Unsecured Personal Loans

8%
  • Funding depends on calculated affordable repayments
  • Up to a maximum of ÂŁ5,000
  • Repaid over a maximum of 3 years, depending on age of applicant
Read More

Secured Personal Loans

7%
  • Funding depends on calculated affordable repayments
  • Customers are required to provide item(s) of security as collateral for loan
  • Repaid over a maximum of 3 years, depending on age of applicant
Read More

Student Assistance Loans

6%
  • Funding depends on calculated affordable repayments
  • For students between 18 and 21 years with a confirmed university placement within the United Kingdom
  • Loans will be available to students in a joint venture with a guarantor
  • Applicants can apply for a maximum of ÂŁ5,000 per year for up to three years of study
  • Repaid over a maximum of 10 years, depending on age of applicant
READ MORE

Mortgages (Housing)

7%
  • Funding depends on calculated affordable repayments
  • Applicants are eligible to borrow 3 x their annual salary, if joint, 3 x annual salary of the highest earner + 1 x annual salary of the second person
  • Item(s) of security offered as collateral for loan could include the land, existing house, or house that is due to be built
  • Repaid over a maximum of 30 years, depending on age of applicant
  • Offers available for first time homeowners or mortgagors
Read More
Agriculture Lending

Customers applying for a personal or commercial loan for the purpose of agricultural activities will receive a lower interest rate:

  • Secured Loan: 4.5%
  • Unsecured Loan: 5%

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.

Rates of Interest

All interest rates are variable and can change without notice. The rate of interest on your loan will depend on:

  • Whether your loan is secured or unsecured
  • The amount applied for
  • The repayment period
Repayments

Repayments are debited automatically each month from your nominated Bank of St Helena current account. You must ensure that the account has sufficient funds each month to cover your monthly repayment. Repayments can only be made from the nominated current account with Bank of St Helena and no other account.

Bank of St Helena will consider shorter repayment periods at the customer’s request; based upon calculated affordable repayments. Applicants should also note that repayments must be made before completion of full time employment. 

Information Required

When you apply for a loan you will be asked to provide information about your income and expenditure. All information supplied will be held in strictest confidence. Please note that by applying for a loan, you authorise the Bank to take whatever steps it considers necessary to satisfy itself as to your creditworthiness. 

Who is eligible for a loan with us?
  • Has St Helenian Status by right of birth or descent.
  • Is a close or dependent relative or the life partner of someone who has St Helenian Status by right of birth or descent.
  • Is currently in full time employment or, if working under a contract of employment, is able to repay the loan in full prior to the contract expiring.
  • Has a current account with Bank of St Helena Ltd.

Contact Us

Please contact us on (+290) 22390 or complete the Contact Form.

Personal Lending Contact Form

Please complete the information below and our Lending Team will be in touch
Please include Area Code