No. Credicorp does not apply hidden fees. The principle is simple: if a cost is not written into your offer and your signed agreement, it does not apply to your facility. We would rather you understood every line before you commit than be surprised later.
Why we can say that confidently
- We are the lender, not an intermediary, so there is no separate broker fee or commission stacked on top of what you see.
- The full cost of credit is presented before you accept, including any set-up cost and the basis on which interest or charges accrue.
- Conditional costs — such as those tied to late payment or early settlement — are described in the same agreement, so you know in advance what could ever arise.
How to check for yourself
Open your offer summary and agreement in your account and read the costs section in full. If you see a charge on a statement you do not recognise, contact us and we will trace it back to the exact clause that authorises it. We will never charge something that is not in your documents.
A note on protection
As an exempt business facility, this lending is outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not cover it. That makes our transparency commitment more important, not less, and we hold ourselves to it.
See also: What is an early repayment charge?, Where to find the cost of credit before you sign and How do I complain about a fee or charge?.