You can cancel the loan within 14 days of signing the agreement. In that case, you must repay the full loan amount together with any interest accrued up to the repayment date. No contract fee will apply during this 14-day period. However, the contract fee will be added after 14 days.
To cancel the loan within 14 days, follow these steps.
- Log in to your Bondora account and scroll down to the "Loans" section.
- Click on the "Repay early" section to see the amount that you need to pay to cancel your loan.
The amount changes every day due to the interest calculation. Make sure you have the full amount on your Bondora account to cancel your loan. - After you have transferred the money to your Bondora account, go back to "Loans" - "Repay early" section.
- Click "Sign" to confirm the cancellation. To sign the contract, use the 5-digit PIN code sent to the phone number registered to your Bondora account.
- Once the repayment is completed, you'll get a confirmation message.