Extending your CBIL capital repayment holiday

Support for businesses with a 6 month capital repayment holiday 

We are experiencing high levels of demand and are doing all that we can to support our customers at this time.

You can extend your capital repayment holiday to 12 months

  • If you extend your capital repayment holiday to 12 months, your capital repayments will begin 13 months after the drawdown of the loan. 
  • You won’t need to pay interest yet as the UK Government will continue to pay the first 12 months interest as part of the Business Interruption Payment (BIP) on your CBIL.
  • When you start making repayments your monthly payment amount will be higher, as we’ll spread the capital you didn’t pay during your repayment holiday across the remaining loan term. You’ll also pay more interest overall, as the balance on your loan will be higher for longer. 
  • Your business will remain liable for repayment of the loan.
  • You won’t be able to extend your capital repayment holiday if it has already ended.  
     

If you’ve decided not to extend your capital repayment holiday, you don’t need to fill in this form. We’ll automatically collect your first capital repayment when it’s due.

Next steps:

Request a repayment holiday extension

If you’d like to extend your capital repayment holiday, please download our extension request form. We recommend using a desktop to complete your form, rather than a mobile or tablet device.

Once complete, email it to GRPG40062@lloydsbanking.com with a subject header of “CBIL Lloyds CRH Extension Request Form (for SME)’. We’ll then send you an amendment letter to sign and send back before we extend your capital repayment holiday.

Download your capital repayment holiday extension form (PDF, 100KB)