Pay As You Grow (PAYG) options were made available to you once you started to repay your Bounce Back Loans, from 12 months after it was first drawn down. You can apply for multiple PAYG options, but we can only process one application at a time. Allow two working days after applying before submitting an additional request.
PAYG options may increase repayments and the total amount you owe as you’ll pay more interest if you repay your loan over a longer period. Options are subject to approval.