Small Business Cashflow Loans

Do you still owe money on your Small Business Cashflow Loan? Many of these loans were taken out in the first few months of the scheme in 2020 and are due to expire for customers who have a 5-year repayment period.

From June 2025, any unpaid loan balance (plus interest) at the end of a loan term will automatically default. Inland Revenue will treat this as overdue debt and charge default interest (calculated as the standard interest rate of 3% plus the use of money interest rate, currently 9.88%) on overdue amounts.

If you took out one of these loans in 2020 and aren't sure whether you have fully repaid it, you can check your loan balance and repayment plan in your myIR account.  If you are unable to repay your outstanding loan and interest amount in full before your loan term expires, get in touch with us for help setting up a loan repayment plan.