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Can I repay my CBILS loan early?

  • Yes, you can repay the loan in full at any time during the lifetime of the loan. Please note, you are unable to make early repayments of part of a CBILS loan. 
  • If you are in a position to repay the full amount of your loan in the first 12 months, you will not pay any interest, as this has been paid for by the Government during this period, and there are no early repayment charges. 
  • It is important to be aware that this payment needs to be made at least eight days before the 12 month repayment holiday ends to ensure you do not incur any interest. 
  • For example, if you took out your loan on 1 June 2020, your repayment holiday would end on 31st May 2021. In order to repay your full loan amount early without paying any interest, you would need to fully repay the loan by 23 May 2021 (ie. at least eight days before the end of your repayment holiday). 
  • After the first 12 months, you will start owing interest for the period you have been borrowing for and your monthly repayments will include the principal and interest you owe.
  • You can view your repayment schedule at any time in the My Account section of the website or alternatively, please contact us. 


Once you have requested an early repayment of your loan, it is important you make the payment before the date provided to you to ensure you do not accrue further interest. In order to avoid any delays, you should ensure the payment is made using your business account and using the payment reference provided. We will be in touch if we require any further information from you once the request has been made and it is important that you provide this as soon as possible. 

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