In your account you will see interest charges scheduled for the Bounce Back Loan.
For the first 12 months of the loan, every month you will see interest debited, but Starling will credit your account with the same amount on the same day, so there is no change to the account balance.
This will happen every month for 12 months starting exactly one month after you receive the Bounce Bank Loan. This is because the Government will cover any interest payable in the first 12 months through a Business Interruption Payment to Starling Bank.
From month 13 your loan payments will commence, which will include the principal repayment amount plus the interest. This is payable by you and will not be covered by the government or paid by Starling.