Can I cancel my loan within 14 days after signing the loan agreement?
Yes, you can withdraw from the loan within 14 days of signing the agreement. In this case, the entire loan amount must be repaid, plus all the interest accumulated up to the repayment date. You do not have to pay a contract fee. However, the contract fee will be added after 14 days.
To withdraw from the loan within 14 days, follow these steps:
- To see the exact amount to be repaid, select "Loans". Click on the "Show more" button and select "Return from loan". We remind you that the amount changes every day due to interest calculation.
- Once the amount has been credited to your Bondora account, select "Loans" again. Click "Show more” and click the "Cancel loan" button. You will then need to confirm and 'sign' the agreement's termination with a PIN code, which will be sent to your registered phone number. The loan agreement will only expire after you've agreed with the PIN.