Yes. You can withdraw at any point before your loan is funded, and there's no obligation to accept an offer. After you've signed, you have 14 days to change your mind. If you've already received the money, you repay it, with no interest to pay.
Before your loan is funded
You can stop at any stage: before you submit, during assessment, or after you're approved. There's no cost and no obligation. Just tell your advisor.
After you've signed: the 14-day cooling-off period
- How long: 14 calendar days, starting the day after you receive your signed loan agreement. Because you sign electronically, you receive it straight away, so in practice it's the 14 days after you sign.
- No waiting: the cooling-off period runs alongside your loan. You can receive and use the money during it.
- If you withdraw: you repay what you've received, with no interest to pay. Your loan agreement sets out exactly how to tell our finance partner and how to repay.
After the 14 days
The loan agreement stands, and you repay it over the term you chose. You can still pay it off early at any time with no penalty. See Can I repay the loan early?.
Thinking twice before you sign?
Talk to your advisor first. It's better to adjust the amount or the term before you sign than to withdraw afterwards. See How much can I apply for?.
Last reviewed: 8 October 2026