Important Information including Key Facts
We are expected to do the following in respect of your BBLS Loan (Loan):
- Monitor repayments you make during the life of the Loan and take appropriate action to help you where there are signs of actual or possible repayment difficulties
- Make appropriate adjustments if we identify you as vulnerable or we have reason to believe you may be vulnerable in order to ensure your circumstances are accommodated throughout the duration of the Loan
- If you default under the BBLS Loan, give you a reasonable period to remedy any breach and will not treat the same as an event of default if it is remedied by you within this period.
- Not require you to pay any fees of any description (including on default) or any default interest except we may continue to charge interest at 2.5% per annum if the Loan is not repaid when due until such time as it is repaid.
- Pay due regard to your information needs and provide information in a way which is clear, fair and not misleading.
We are to provide you with the following information in relation to your Loan during its term:
- Timely, clear and adequate information that enables you to understand that, where you fail to make payments under your Loan with us, the amount missed, what can be done to remedy, in what timescales, and the impact (if any) on future repayments;
- Information about any proposed action we may take in respect of the Loan (upon any default by you), prior to taking such action;
- Regular information about the Loan (on at least an annual basis) in the form of a statement setting out details of the payment transactions in respect of your Loan during the period since such information was provided (or the date the Loan was advanced to you, if no such information has been provided previously) and amounts outstanding under your Loan; and
- Information on options available to you for help and assistance, including sources of free independent advice.
Please note the above is for information purposes only and will not be deemed incorporated into the Loan (nor provide you with any additional rights under it).
Important information is included within documents which can be accessed via the links below. You should read and consider these documents before proceeding with your application. You should print or save copies of these documents for further reference and for your records. If you have any questions regarding these or require further information, please contact us.
All lending is subject to status, availability, our lending criteria and the BBLS eligibility criteria.
The right to decline any application is reserved. BBLS Loans are not subject to the usual consumer protections that apply to business lending and as such you will not have the benefit of the protection and remedies that would otherwise be available to you under the Financial Services and Markets Act 2000 or the Consumer Credit Act 1974.
It’s important that you read and understand the information in the Bounce Back Loans Key Facts Document and Bounce Back Loan Scheme Data Protection Statement.
By clicking one of the buttons below, you agree to the data protection declaration contained in the Bounce Back Loan Scheme Data Protection Statement and confirm that you want to proceed with a Bounce Back Loan Scheme application or a BBLS Top-up to your existing Bounce Back Loan.