If you have a query about BBLS, please contact us using your usual bank contact.
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The Bounce Back Loan Scheme (BBLS) closed to new applications on 31 March 2021 including Top-ups.
Bounce Back Loan interest rate
- Interest on your Bounce Back Loan, including any Top-Up amount, is fixed at 2.5% per year
- Interest is calculated and accrued daily
- Interest during the first 12 months was paid by the government. Remember that you are responsible for paying back the whole loan, including any interest accrued after the first 12 month period
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Your Bounce Back Loan term
- The term of the BBL was 6 years
- Any Top-Up amount will expire on the same date as your original Bounce Back Loan. Pay As You Grow could give you more time and flexibility to pay back your loan
- For the full set of declarations (PDF, 140 kB) you made, please refer to your Bounce Back Loan application form.
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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.
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For help with your Business Banking queries, you can now chat with us securely on WhatsApp.
Working with British Business Bank
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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