Customer support

Find answers to common questions or get in touch with us

How are the loan repayments calculated?

Loan repayments are calculated using a fixed interest rate, the amount you are borrowing and the length of your loan. This information is available to borrowers before agreeing to take a loan, along with other financial information and key contract terms.

With CBILS and BBLS loans, you won't have any loan repayments for the first 12 months. After this point, your monthly repayments will always be equal, and will typically consist of interest payments and repayments of the outstanding principal of the loan. Each month the interest portion of the payment will typically go down and the principal portion will go up.

The full repayment schedule for your loan will be sent after your loan has been funded, or can be seen at any time in the My Account section of the website.

Have more questions? Submit a request

0 Comments

Article is closed for comments.