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Student Assistance Loan Application

This form is for students and guarantors applying for a Student Assistance Loan

Before you apply, here are a few things we would like to make you aware of:

  • Student Assistance Loans will be held jointly in the names of the student and a parent/legal guardian or sponsoring business.
  • To be eligible, students must be between 18 and 21 years with a confirmed university placement within the United Kingdom.
  • The loan is being offered to assist students with the costs of living away from home during their university studies.
  • The maximum loan of £5,000 can be borrowed for each year of study, and up to a maximum of three years; total borrowing over a three year period is £15,000.
  • The loan must be secured, it will be secured by being held jointly with a guarantor, as well as physical security. 
  • Disbursement of loan funds and loan repayments will be transacted through a Bank of St Helena account.
  • The maximum period for each loan is 120 months / 10 years.
  • Interest will be charged at 6% per annum.
  • The loan can be paid back in one of two ways:
    • Repayments of interest only during the student’s years of study; repayment of principal and interest must commence once the student completes their studies (up to a maximum of three years).
    • Repayment of interest and principal from the outset.
  • There is a £10 Application Fee.

Terms and Conditions

Customer Data Security

Website Legal Information

Privacy Policy

All compulsory fields are marked with ‘*’.

SECTION 1 - DETAILS OF LOAN

Up to a maximum of £5,000 per year
Maximum term 10 years, depending on eligibility

STUDENT DETAILS

Dr, Mr, Mrs, Miss etc

Contact Details

Employment Details

Bank of St Helena Account Details

Off-island Account Details

If applicable

Household Details

Financial Information

Click or drag a file to this area to upload.
Please attach your payslip with this application if currently employed

Expenses

Where applicable
Details requested below
Details requested below
Details requested below
E.g. Clothing, Creche, Maintenance, Home to Duty Transport
The total of all expenses above

Statement of Personal Assets and Liabilities

Where applicable
Persons who owe you
Details requested below
Persons you owe - Details requested below
Click or drag files to this area to upload. You can upload up to 10 files.

Student

This application will not be accepted without a signature - please write it here or upload below.
Click or drag a file to this area to upload.
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