If you’ve received lending under the Coronavirus Business Interruption Loan scheme (CBILS), find out more about your commitments.

Understanding your Coronavirus Business Interruption Loan

CBILS loan term and interest rate

Your CBILS loan term

  • The maximum term of your CBILS loan is 6 years. The loan term may be extended to a maximum 10 years in exceptional circumstances and at Lender discretion.
  • You can make additional repayments at any time with no early repayment fee, and doing so will also help save you money on your interest payments.
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Your CBILS loan interest rate

  • Interest on your CBILS loan will be a Fixed or Variable interest rate.
  • The interest rate applied to your CBILS loan will be detailed in your loan agreement or advice letter if any changes have been applied.
  • Interest during the first 12 months will be paid by the government. Remember that you are responsible for paying back the whole loan, including interest after the first 12 month period.
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Preparing for your repayments to begin

Making repayments on your CBILS loan

12 month repayment holiday

  • Upon drawdown, we applied an automatic 12 month repayment holiday
  • Your repayments started 1 month after the repayment holiday ended
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Making your payments

  • You can make extra repayments or repay the loan early without penalty
  • You must repay the loan and interest in full by the final repayment date in your loan agreement
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Your repayment account

  • You'll need a current or loan servicing account with us for your repayments 
  • Payments will be required to cover your monthly repayments and interest as advised
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Do you have more questions about CBILS?

Visit our Frequently Asked Questions to find further guidance and support

About Coronavirus Business Interruption Loan

  • The Coronavirus Business Interruption Loan scheme (CBILS) was a government initiative to support small and medium-sized businesses affected by the coronavirus outbreak
  • The government provided lenders like NatWest, with a guarantee for 80% of qualifying loans
  • You must repay this loan in full including interest
  • The loan term is up to 6 years . The loan term may be extended to a maximum 10 years under exceptional circumstances and at our discretion.
  • For the full details of your specific loan and commitments, refer to the loan agreement you signed before receiving your loan

Need to get in touch?

Cora, your digital assistant can quickly help with many of your questions. Cora has already assisted hundreds of customers with government loan scheme queries. If Cora can't help, she'll put you in touch with a specialist.

Message us anytime on WhatsApp

For help with your Business Banking queries, you can now chat with us securely on WhatsApp. 

If you are using Relay UK call 18001 0345 711 4477
See how we're making our site more accessible

Calls may be recorded for training and monitoring purposes.
To find out how much your call might cost, see our call charge information page

Working with British Business Bank

BBLS, CBILS and CLBILS are managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary for State for Business and Trade (formerly Business, Energy & Industrial Strategy-BEIS).

British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA.

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