If your CEBA loan is with this financial institution, the full balance is due on December 31, 2026. Here is how to repay it, and what to do if you can't.
Rating: 4 out of 5
The Refinance Meter shows how likely you are to get a loan from this financial institution to repay your CEBA balance. It assumes you don't have the cash to repay the loan yourself. A lower rating means you should compare other lenders too.
How to repay this lender's CEBA loan: The forgiveness repayment date has been extended to December 31, 2023 for eligible CEBA loan holders in good standing. Applicants who qualified for the new extended term have been contacted with details regarding the new repayment date. For outstanding loans that have not had their forgiveness repayment made on or before December 31, 2023, principal will automatically convert into a two-year term loan charging an interest rate of 5%.
Compare lenders that refinance CEBA balances by rate, term and funding speed before the December 31, 2026 deadline. Comparing is free.
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