Bounce Back Loans - Tide service

Is there a ‘cooling-off period’ with Bounce Back Loans?

There is no ‘cooling-off period’ needed. When approved, you have six months to decide whether you wish to draw down on the loan. After you’ve drawn down, if you decide you no longer need the Bounce Back Loan, you can repay it at any stage. There’s no early repayment fee and if paid within 12 months, you won’t pay any interest.