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Can I pay back my loan early?

  • You’re able to repay your loan in full at any time without any early repayment fees.
  • If you have a Bounce Back Loan Scheme (BBLS) loan or a Coronavirus Business Interruption Loan Scheme (CBILS) loan, after the first 12 months you must pay the interest due until the next repayment date. Please note, if a loan is repaid less than eight days before the next scheduled repayment, you will need to pay interest up to the next repayment date (therefore incurring another month’s interest).
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