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
• Amount applied for
• Repayment period

Repayments

Repayments are debited automatically each month from your Bank of St Helena Business Account. You must ensure that the account has sufficient funds each month to cover your monthly repayment.

Eligibility

• The applicant is currently operating, or plans to operate, a business on St Helena.
• The Organisation is registered by the Companies Registrar of St Helena, where it’s legal form is that of a company.
• The Organisation is a St. Helena-based voluntary organisation (e.g.clubs, societies and charities) whose legislation/ordinance allows it to borrow money from the Bank.
• The Organisation is registered with the Commissioner of Income Tax.
• The Organisation has a Business Current Account with Bank of St. Helena Ltd.