A secured loan requires the customer to provide items of security as collateral for a loan, making it a secured debt owed to the Bank. Assets used as security on secured loans must be insured.
Approval of Secured Personal Loan value is dependent on the applicants ability to afford the calculated repayments and the provision of adequate security for the loan.
Download our Loan Calculator to check the affordability of your loan. This will help you estimate your monthly repayment. For further details of loan calculations and repayment options, please contact our Lending team using the contact information below.
| Application Processing Fee | £5 | To be paid on submission of application |
| Administration Fee, up to £1,000 | £25 | |
| Administration Fee, £1,001 to £5,000 | £30 | |
| Administration Fee over £5,001 | £35 |
Customers making an application must be a Bank of St Helena account holder. What is needed:
Upon receiving an application for a Secured Personal Loan our Lending team will ensure that all the necessary documents are present and that the application form is completed in full.
Need help completing your loan application form? Please contact the Bank’s Lending team who will be able to help.
Before applying for a loan please read the Bank’s Lending Terms & Conditions.
Personal loan processing can take between 2 – 3 weeks (10 – 15 working days)