Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what guidance he has provided to banks, financial services and providers regarding early termination fees for Coronavirus Business Interruption Loan Schemes.

For Bounce Back Loan Scheme, early repayment is permitted at any stage, without early repayment fees.

For CBILS and CLBILS, as the loan are written in line with lenders’ commercial processes, there is no rule against lenders charging early repayment fees.