The Bounce Back Loan Scheme enables businesses to obtain a six-year term loan at a government set interest rate of 2.5% a year. Contact us Complaints & corrections If you had given up hope of ever getting a Bounce Back Loan as you haven’t yet got an account, whether a feeder account or a bank account at one of the other banks in the scheme, you can now register an interest in getting a Metro Bank account online, so make sure you seriously consider doing so, as that bank is a game changer when it comes to BBL processing and paying out those loans. The Bounce Back Loan scheme is open to applications until 30 November 2020. Moneyfacts.co.uk will never contact you by phone to sell you any financial product. How to apply 1. ... NatWest Lending 0800 200 400 overseas: +44 121 929 0323 Minicom: 0800 404 6161 The loan price changes based on the loan size Based on what you need a loan for, you could compare different loans and see how much interest you pay for each amount. [ January 29, 2021 ] Bounce Back Loan Government / Lender Guarantee Agreement Government Lender Guarantee [ January 29, 2021 ... 08000121614 (Cornavirus hotline) 03457606060 (HSBC contact number) + Live Chat . 2. 4 May 2020 Businesses that were undertakings in difficulty on 31 December 2019 can apply. ... We will contact you in the last month before the end of the repayment break period to agree next steps for your loan. Natwest Closes Accounts of Small Businesses After They Applied for Coronavirus Loans. You don’t pay anything back at all until one year after you receive the loan. Whilst there are still huge numbers of business owners still unable to get a Bounce Back Loan, due to the lenders that are part of the scheme still refusing to open up to new customers, I am currently getting plenty of complaints about delays for top-ups for those who have already got one. With these offers, you can choose the plan that works best for you. If Cora can’t answer your question, you will be transferred to one of our messaging colleagues or offered Tap to Call to speak to our telephony team. NatWest, has spelt out a series of targets that applicants should expect to have to wait for during the application process: 24 hours to receive initial loan documents after application, followed by 48 hours to approve the loan and a full three working days to transfer the funds, if you get your signed agreement back to them before 5pm. Some small business customers have accused NatWest of closing their accounts after they made an application for a government-backed loan to get them through the COVID-19 pandemic. Most queries will be answered by Cora, our digital assistant. Bounce Back Loan Scheme Application Form Bounce Back Loan – Key Features n Loans of between £2,000 to £50,000 (up to a maximum of 25% annual turnover) n Government covers the first 12 months of interest (this means you pay 0% for the first year) n No repayments required for the first 12 months n Interest rate of 2.5% n 6-year loans with no early repayment charges. I am having a problem with NatWest bank . Ask a question. I do get lots of similar complaints fed my way daily, one bank that certainly is attracting a lot of complaints is NatWest. Find out how to apply and check if your business is eligible. You should approach a … If in doubt about whether you can apply, please contact them on the phone number given. The Bounce Back Loan Scheme is one of a number of government-backed lending schemes designed to support businesses affected by COVID-19. Natwest shutdown accounts applying for bounce back loans, the Sunday papers. 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