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Repayment holiday for your existing business loan

Has your business been affected by Coronavirus? Visit our Coronavirus support hub to understand the full range of support available.

Repayment holiday on existing business loans

If you're an existing Royal Bank business customer and your business has been impacted by coronavirus, you could be eligible for a repayment holiday on your existing business loan

Repayment holidays are available for up to 12 months

If you have already had a repayment holiday or your current repayment holiday is coming to an end, you may be eligible to apply for a further payment holiday up to a total of 12 months, including any payment holiday already taken

Interest may accrue during any repayment holiday, meaning it may take longer to repay the loan and may cost more in the long run.

How does a loan repayment holiday work?

Take a break on loan repayments

Depending on the type of loan you have, you may be eligible for a capital repayment, or both capital and interest repayment holiday.

Repayment holiday for up to 12 months

You may be eligible for a repayment holiday of up to 12 months.

Repayments amounts

Repayment options may vary depending on your loan type and agreed through the application process.

Common questions about loan repayment holidays

Ready to apply?

Before you start, please remember:

If you have a Relationship Manager, speak to them in the first instance to discuss your needs

You need to be an existing Royal Bank customer with an existing business loan.

Customers with hearing and speech impairments can contact us by using our Relay UK Service: 18001 0345 711 4477

For more information visit the accessibility page.

Calls may be recorded for training and monitoring purposes.

To see how much your call might cost, visit the call charge information page.

Coronavirus support for your business

We understand these are difficult times, and if you're in need of a helping hand we're here to support you.

Find guidance and support on our coronavirus hub.