What is a personal loan cooling off period?
A cooling off period allows you to cancel or withdraw from your loan agreement for a period of time after the loan agreement has been executed.
At Shawbrook, our cooling off period is 14 days after the date you receive a copy of the executed agreement (signed by you, and us). In this time, you’re free to cancel or withdraw without any fee. If you choose to cancel or withdraw you must pay the full funds back within 30 days.