There are no application fees, no credit-check fees, and no arrangement fees charged simply for applying. You can submit an application, receive a decision, and review your full offer without paying anything. A cost only arises once you accept an offer and funds are drawn.
What is free at the application stage
- Submitting your application online
- Connecting your bank account or uploading financial documents for assessment
- Receiving a credit decision and a full offer letter showing your costs
- Asking questions or requesting a revised quote
When costs begin
For a Business Loan, costs begin on the day funds are disbursed to your company account. For Credicorp Flex, costs begin only when you make your first draw — a dormant facility with a zero balance carries no charge. For Credicorp Slice, the flat 6% fee is applied at the point you confirm a bill payment; there is no fee for setting up the account.
No obligation to proceed
Receiving an offer creates no obligation. You may decline, take time to compare alternatives, or return to apply again later. We do not charge a cancellation or withdrawal fee if you choose not to proceed after receiving an offer.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Are quotes and indicative offers free?, How is the total cost of borrowing shown before I accept?.