The Sydney Anglican Loans Board (“SAL”) is part of the Sydney Anglican Diocese. Our Board members and management are part of their local parishes, understand parish financial issues and in particular the funding of property maintenance and capital works.

We offer a simple loan application process together with competitive interest rates and fees. The interest and fees borrowers pay are reinvested into the SAL fund that is available to help support other parishes' capital projects, facilitating gospel ministry now and in the future.

SAL is able to lend to any Sydney Anglican organisation which is subject to the control of Synod. Currently, the Board has loans with approximately 40 parishes in the Sydney Diocese. Applications need to be submitted by the wardens of the parish with the support of the rector and parish council.

SAL typically lends up to $1,500,000 on an unsecured basis. The loan term can vary from 6 months to 15 years depending on the size and type of project. Prior to approving a loan the Board conducts an assessment of the Parish’s financial position to ensure that the potential repayments are not an excessive burden.

SAL provides funds for general capital works, such as buying or upgrading church buildings and rectories as well as smaller renovation and repair projects. Examples of smaller projects include; kitchen and bathroom renovations, disability access modifications, rectory renovations, window and roof repairs, landscaping, organ upgrades, audio-visual equipment, painting, carpets and signage.

The following SDS staff can help with inquiries related to parish loans:

Jonathan Rochford—Lending Consultant Email: sal@sydney.anglican.asn.au Phone: 02 9265 1675

 

Terms, rates and fees

SAL offers variable loan terms of between 6 months and 15 years at competitive interest rates.

Term loans currently attract an interest rate of 6.50%, while bridging loans are provided at 7.50%.

The SAL application fee is the greater of $100 or 0.1% of the loan amount being applied for.

 

Application Form

SAL Flyer

Top 20 Financial Pitfalls for Parishes

 

Constitution and Current Membership

SAL was constituted under the Finance and Loans Board Ordinance 1957. The Board consists of three clergy members and six lay members, elected by Synod. The Archbishop is also able to appoint a member to the Board, should he wish to do so.

Current members of SAL are:

 

 

Chair: Mr Alan Kilgore

 

 

Detailed information on the Board members can be found here.

 

Meeting Dates

The upcoming meeting dates of the SAL are:

 

Contact

Official correspondence for SAL should be sent to: 

Secretary, Sydney Anglican Loans
PO Box Q190
QVB Post Office NSW 1230 
Australia

Email: ijk@sydney.anglican.asn.au

 

Parishes considering borrowing should contact:

Jonathan Rochford—Lending Consultant

Email: sal@sydney.anglican.asn.au

Phone: 02 9265 1675

Important Documents

Annual Reports

• Year ended 31 December 2022