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How can I cancel my loan within 14 days after signing the loan agreement?

You can cancel 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 don't have to pay a contract fee. However, the contract fee will be added after 14 days.

To cancel the loan within 14 days, follow these steps:

  1. Log in to your Bondora account and scroll down to the Loans section.
  2. Click on the Repay early section to see the amount that you need to pay to cancel your loan. Remember, 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. (Here's a refresher on how to add money to your Bondora account.)
  3. After you have transferred the money to your Bondora account, go to Loans - Repay early section again
  4. A short questionnaire will appear on-screen. Please select the answer most relevant to you and then click on Continue.
  5. Based on your answer, you will see another pop-up with information relevant to you. Once you've read through the information, you can continue with your early repayment, if you wish.
  6. Enter the amount that is needed to cancel your loan
  7. Click "Sign" to confirm the cancellation. You must sign the contract with a 5-digit PIN code sent to your registered phone number. 
  8. Once completed, you'll get a success message. NB! The loan agreement will only expire after you've agreed with the PIN.

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Bondora AS

A.H.Tammsaare tee 47, Tallinn 11316, Estonia
Estonian company number 11483929
EU VAT number: EE101252401

Representative example
A loan of 2,230 over 5 years will cost you € 63.88 per month. Representative 31.74% APR. The total amount payable over 5 years is € 3,962.53, which includes € 1,156.73 interest at 17.85% fixed and a €445.8 account management fee. A €130 contract fee will be collected immediately after loan is paid out. The total charge after 5 years is €1,732.53. The total amount of credit is 2,230. The rate you are offered will depend on your individual circumstances. Please examine the terms and conditions of our financial service and consult an expert if necessary.

Our loan terms
Loan amount from 500€ to 10000€. Repayment period from 3 to 60 months. Annual Percentage Rate (APR) from 31.74% to 61.56%. The rate you are offered will depend on your individual circumstances.