Fees & charges

Whether paying early carries any charge depends on your product and the terms you accepted. The position is always set out in your agreement, so you can know it before you decide to settle ahead of schedule.

The general picture

• Some facilities allow early settlement with no additional charge beyond what has already accrued.
• Others provide for an early settlement charge, defined on the basis in your agreement, to reflect costs the lender has committed to.
• Credicorp Flex and Credicorp Slice can differ here, so check the terms specific to your facility.

How to find your figure

Ask us for a settlement quotation, or read the early settlement section of your agreement. We will tell you the amount required to clear the facility in full as at a given date. We avoid quoting numbers in help articles because the figure depends on your balance, term and product.

Why it can be worth it

Even where a settlement charge applies, clearing a facility early can reduce the total cost of credit overall, because future interest stops accruing. Ask us to set the two out side by side so you can compare before deciding.

Note

This is exempt business lending to your company, with no director guarantee. The Financial Ombudsman Service does not apply, so we will work through any settlement question with you directly.

See also: What is an early repayment charge?, What fees could apply to my Credicorp facility?, The early-settlement charge, explained.

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Whether the cost of your facility can change during the term depends on the terms you accepted. Your agreement states whether your charges are fixed for the term or can vary, and on what basis — so this is knowable before you sign.

Fixed versus variable

• A fixed basis means the cost stays on the terms set out for the duration, giving predictability for budgeting.
• A variable basis means the charge can move in line with a reference set out in your agreement, within the limits it describes.

If a change can apply

Where your agreement allows a change, it also sets out how the change is determined and how you will be notified. We do not change costs arbitrarily or without the basis being already written into your terms.

How you would be told

You would be notified in line with your agreement, with enough information to understand the change and what it means for your repayments. If anything is unclear, contact us and we will walk you through it.

Where to check

Read the costs and variation section of your agreement to see which basis applies to you. We keep figures out of help articles because they depend on your facility. This is exempt business lending to your company, with no director guarantee, and the Financial Ombudsman Service does not apply.

See also: Where to find the cost of credit before you sign, What is the difference between interest and fees?, Does being part of a group change my loan terms?.

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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?.

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A default charge is a cost that can apply when a facility falls into default — that is, when the conditions in your agreement for default are met, usually after sustained non-payment or an unresolved breach.

How it differs from a late charge

A late-payment charge relates to a single missed or late payment. A default charge belongs to the more serious default stage, which is reached only after earlier steps — contact, explanation and attempts to agree a way forward — have not resolved the position.

What it covers

• It is defined in the default section of your agreement, on a stated basis.
• It can sit alongside continued accrual of interest on the outstanding balance.
• It may be accompanied by reasonable recovery costs, where your agreement provides for them.

How to avoid it

Stay in contact with us. Default is a last resort, and a company that engages early almost always avoids reaching it. If your circumstances change, tell us before payments are missed.

Context

We keep this definition figure-free because the basis depends on your agreement. The facility is to your company, with no personal guarantee from directors. This is exempt business lending, so the Financial Ombudsman Service and FSCS do not apply.

See also: Arrears (glossary), Glossary: default and Glossary: total cost of credit.

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Total cost of credit means everything your company pays for a facility on top of the amount you actually borrow, taken together across the life of the agreement.

What it usually includes

• The interest or charge for credit that accrues over the term.
• Any set-up or establishment cost that applies to your product.
• Any other charges that form part of the agreed cost of the facility.

What it does not automatically include

Conditional charges that only arise if something happens — such as a late-payment charge or, on some products, an early settlement charge — are not part of the expected total cost, because they only apply in specific circumstances. They are still disclosed in your agreement so you know they exist.

Why it is a useful number

Looking at total cost of credit, rather than a single headline rate, gives you the clearest view of what borrowing will cost your company over the whole term. It is the figure to compare when weighing options.

Where to find yours

Your offer and agreement state the total cost of credit for your facility. We keep figures out of help articles because the total depends on your product, amount and term. This is exempt business lending; the Financial Ombudsman Service and FSCS do not apply.

See also: Arrears (glossary), Glossary: default charge and Complaints glossary: internal complaints process.

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Credicorp Flex is built to flex with your business, and its cost structure reflects that. Rather than a single fixed instalment plan, Flex lets you draw against your facility as you need to, and the charges relate to what you actually use.

How the cost is shaped

• Charges accrue in relation to the amounts you draw and the period for which they are outstanding.
• Any set-up cost, where one applies, is disclosed in your offer up front.
• Each accrual period is itemised on your statement so you can see how the cost built up.

Why this suits some businesses

If your need for funds rises and falls — seasonal trade, project-based work, fluctuating stock — paying in relation to what you draw can be more efficient than a flat schedule. You are not paying for headroom you are not using.

Where to read your figures

The exact basis for your Flex charges is in your offer and agreement. We avoid quoting figures here because they depend on your facility, your draws and your agreed term. Your statement then shows the cost as it actually accrues, period by period.

Remember

Flex is available to UK limited companies and LLPs for business purposes only, in the company's name, with no personal guarantee. It is exempt business lending, so the Financial Ombudsman Service and FSCS do not apply.

See also: How are Credicorp Slice charges structured?, What fees could apply to my Credicorp facility? and Can I leave my Flex facility open but unused?.

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Credicorp Slice is structured around a defined amount and a planned repayment schedule, so the cost is predictable across your agreed term. If you prefer to know your commitment in advance, Slice is built for that.

How the cost is shaped

• The charge for credit is set at the rate or basis shown in your offer and applied across your agreed term.
• Any establishment or set-up cost, where it applies, is disclosed before you accept.
• Repayments follow the schedule in your agreement, with each one itemised on your statement.

Why this suits some businesses

A scheduled structure helps with budgeting and forecasting, because the cost and timing are known from the start. For a planned investment — equipment, a fit-out, a fixed project — that predictability can be valuable.

Where to read your figures

The precise cost of your Slice facility is in your offer and signed agreement. We do not quote figures in help articles because they depend on your amount, term and product. Your statement then confirms each charge and repayment as they occur.

Remember

Slice is for UK limited companies and LLPs borrowing for business purposes only, in the company's name, with no personal guarantee from directors. It is exempt business lending, so the Financial Ombudsman Service and FSCS do not apply.

See also: How are Credicorp Flex charges structured?, How a Credicorp Slice repayment schedule is structured and What is an early repayment charge?.

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When your company makes a payment, it is applied to your balance in a defined order set out in your agreement. Knowing that order helps you understand why your balance moves the way it does after each payment.

The typical order

• Outstanding charges that have arisen, such as a conditional charge, may be cleared first.
• Accrued interest or credit charge for the period.
• The principal — the amount originally drawn — which reduces the balance that future charges accrue on.

Why allocation matters

The order affects how quickly your principal comes down. Because interest accrues on the principal, reducing it sooner can lower the overall cost of credit. Your statement shows how each payment was split so you can follow the effect.

Overpayments and extra payments

If you want a payment to reduce the principal specifically, tell us when you make it, and we will confirm how it has been applied. We will also explain any effect on your schedule or future charges.

Where this is defined

The exact allocation order for your facility is in your agreement. We keep this article figure-free because amounts depend on your product and term. This is exempt business lending to your company, with no director guarantee; the Financial Ombudsman Service does not apply, so we resolve allocation questions with you directly.

See also: How are partial payments allocated to my balance?, How do late-payment charges work?, What is the difference between interest and fees?.

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Your statement is designed so that every charge stands on its own line. Rather than rolling costs into a single opaque figure, we itemise them so your finance team can reconcile each entry against your agreement.

What you will typically see

• The credit charge or interest applied for the period, on the basis set out in your agreement.
• Any conditional charge that arose during the period, such as a late-payment charge, shown on the date it applied.
• Payments received and how they were allocated against your balance.
• Your running balance after each movement.

Reading a charge back to your agreement

Each charge type on your statement corresponds to a clause in your signed agreement. If a line is not clear, you can match the charge name to the costs section of your documents. We avoid quoting figures in help articles because your amounts depend on your product, term and offer — your statement is the accurate source.

If something does not look right

Contact us with the statement date and the line in question. We will explain how the figure was calculated and which clause it relates to. Because this is exempt business lending, the Financial Ombudsman Service does not apply, so we resolve queries directly with you and aim to do so clearly and quickly.

See also: How do late-payment charges work?, What is the difference between interest and fees?, Do you charge any hidden fees?.

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A late-payment charge is a conditional cost. It does not form part of your normal repayment cost and only arises if a scheduled payment is not made on time, where your agreement provides for such a charge.

What triggers it

• A scheduled payment is not received by the due date.
• The grace conditions in your agreement, if any, have passed.
• The charge is then applied on the basis stated in your agreement — we do not improvise the amount.

Where it is defined

The exact basis for any late-payment charge is in the costs and default section of your signed agreement. We avoid stating a figure here on purpose, because the basis can differ between Credicorp Flex and Credicorp Slice and depends on the offer you accepted. Your agreement is the accurate reference.

How to avoid it

Keep your nominated payment method funded ahead of each due date, and if a problem is coming, contact us before the date. We would far rather agree a short arrangement than apply a charge. A single conversation early often prevents any charge at all.

Good to know

The charge applies to your company, not to you personally — no director guarantee is involved. This is exempt business lending, so the Financial Ombudsman Service does not apply, but we apply any charge proportionately and only as your agreement allows.

See also: What is a late payment charge?, What happens if my company pays late?, The £5 establishment fee, explained.

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If you want a number rather than a formula, this article is the one to read. It puts real pounds against a Credicorp Business Loan so you can estimate, before you ever apply, roughly what a given amount over a given term would cost you. For the reasoning behind the price, see what a Business Loan costs, and why; for the ceiling that sits over everything, see how the 100% total-cost-of-credit cap works. This page is the worked-figures companion to both.

The three numbers you need

Every estimate uses the same three building blocks, and nothing else is added:

• Daily interest of 0.25% per day, charged on the outstanding balance — so £1,000 of balance costs £2.50 for each day it is held.
• A single £5 establishment fee, charged once when the loan is set up — not monthly, not per payment. See the £5 establishment fee, explained.
• A 100% cap on the total cost of credit, so interest and fees together can never add up to more than the amount you borrowed — you will never repay more than double.

How to estimate it yourself

The interest on a Business Loan is simple, not compounding, so the maths is something you can do on the back of an envelope. Multiply the amount you borrow by 0.25%, then by the number of days, then add the single £5 fee:

Three worked examples

The table below works the sum through for three different borrow amounts and terms, all within the Business Loan range of £50–£500 over 14–84 days. The "total to repay" column is the all-in figure — interest plus the one-off £5 fee.

Take the largest as the headline case: a loan of £500 over 84 days carries £105 of interest plus the one-off £5 fee, so £610 is repaid in total. Expressed as a representative APR that is about 137% — a figure that looks large only because APR annualises a cost you actually carry for a few weeks rather than a year. The number that matters in practice is the total cost of credit in pounds, and you see it before you sign.

Why the worst case is always knowable

Whatever the term, the 100% cap means the cost of credit on a single agreement can never exceed the amount you borrowed. Across all three examples the cost sits far below that ceiling, because the cap is a backstop rather than a target — there is no penalty interest rate, nothing compounds, and a missed payment cannot push the total past the cap. For the full mechanics of the ceiling, see how the 100% total-cost-of-credit cap works.

What can make your figure lower

Because interest runs only on the days you hold the balance, settling ahead of schedule stops the rest of it — see the early-settlement charge, explained, where a charge of up to 28 days' interest may apply and is always shown in your settlement figure first. There is no charge for applying, no charge for being declined, and no monthly account or servicing fee, so nothing is added beyond the three numbers above.

For the wider picture of how much a business can borrow and for how long, see how much your business can borrow, and for how long. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Are there fees for paying off my facility early?, Can my rate or charges change during the term?, Do you charge any hidden fees?.

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The total cost of credit is everything you pay on top of the amount you borrow: the interest plus any fees. On a single Credicorp agreement, that total is capped at 100% of the principal. In plain terms, you can never repay more than double what you borrowed — whatever happens.

What the cap includes

The cap covers interest and fees on that agreement, including the establishment fee and any late fee. There is no separate charge that sits outside it and no penalty interest rate that could push past it. Because there is also no compounding, the worst case is fixed and knowable from the day you sign.

Why we set a hard cap

Short-term credit can spiral when charges stack on charges. A hard cap removes that risk entirely: it puts an absolute ceiling on the cost of a single loan so a difficult few weeks can never turn a small loan into a large debt. It is one of the protections we apply voluntarily, even though this is unregulated business lending.

For the full breakdown of interest and fees, see what a Business Loan costs, and why; for what happens to the cap if you fall behind, see what happens if a payment is missed. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Are there fees for paying off my facility early?, Can my rate or charges change during the term?, Do you charge any hidden fees?.

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If a charge on your statement does not look right, raise it with us and we will investigate. We would rather you ask than assume — most queries are resolved quickly once we can see the same line you are looking at.

What to have ready

• The statement date and the specific line or charge you are querying.
• Your account or facility reference.
• A short note of why it looks wrong — for example, the date, the amount, or that you do not recognise the charge type.

How we handle it

We trace the charge back to the clause in your agreement that authorises it and check that it was applied correctly. We then explain how the figure was calculated. If we find an error, we put it right and adjust your balance.

While the query is open

Keep your other payments up to date so the rest of the facility is unaffected. We will tell you if the query has any bearing on what is due in the meantime.

Where complaints go

Because this is exempt business lending outside the FCA consumer-credit regime, the Financial Ombudsman Service does not apply. We have our own complaints process and will set out how to escalate within Credicorp if you are not satisfied with our first response. The facility is to your company, with no director guarantee.

See also: How charges are shown on your statement, How do late-payment charges work?, Do you charge any hidden fees?.

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Paying off a loan early is a good thing and we want it to save you money. Because interest is charged only for the days you actually hold the balance, settling early stops the rest of it. There is one thing to know about a one-time Business Loan: an early-settlement charge can apply.

What the charge is

On a one-time Business Loan, settling early can carry a charge of up to 28 days' interest. It exists because a short loan repaid almost immediately would otherwise cover none of the cost of setting it up. In practice we waive it in many cases, and where it does apply it is modest.

How it compares to carrying on

Even with the charge, settling early is usually cheaper than running the loan to term, because you stop the remaining daily interest. The settlement figure makes the comparison concrete: it is the all-in amount to finish today. If it is not the right time, you can simply keep to your schedule.

What about Flex and Slice?

Credicorp Flex and Credicorp Slice work differently. You can repay a Flex drawing early with no early-settlement charge, and with Slice the unused part of the fee is refunded if you settle ahead of the final instalment.

To see your settlement figure, sign in to your portal. For the wider pricing picture see what a Business Loan costs, and why. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Are there fees for paying off my facility early?, Can my rate or charges change during the term?, Do you charge any hidden fees?.

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When you take a one-time Business Loan, a single £5 establishment fee is added to set the loan up. People sometimes worry that a "fee" means a hidden or repeating charge, so here is exactly what it is and is not.

What it covers

The establishment fee covers the cost of opening the agreement — running the identity and anti-money-laundering checks, preparing your Business Loan Agreement and Key Information Sheet, and setting up the repayment schedule. It is a one-off, charged when the loan is established.

What it is not

• It is not a monthly or annual fee — it is charged once per loan.
• It is not taken if you apply and decide not to proceed, or if we cannot lend.
• It is not separate from the cost cap — the fee sits inside the total cost of credit, which is capped at 100% of what you borrow.

On Credicorp Flex, the equivalent one-off fee is charged on your first drawing rather than per draw after that — see how charges work on Flex. For the full picture of what a loan costs, see what a Business Loan costs, and why. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Are there fees for paying off my facility early?, Can my rate or charges change during the term?, Do you charge any hidden fees?.

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We try to keep pricing as simple as a short-term loan can be. There are three things to understand — the daily interest, the one-off fee, and the cap that sits over the top of everything. This article explains each, with a worked example, so there are no surprises when you see your figures.

The three parts of the price

A worked example

Take a loan of £500 over 84 days. The interest works out at £105, plus the one-off £5 establishment fee, so the total to repay is £610. Expressed as a representative APR that is about 137%, which sounds large only because APR annualises a cost that you actually carry for a few weeks — see what APR means on a short-term loan. The figure that matters in practice is the total cost of credit, and you see it in pounds before you sign.

What is not charged

• No charge for applying, and no charge for being declined.
• No monthly account or servicing fee.
• No penalty-rate uplift if you fall behind, and nothing compounds.
• No personal-guarantee cost, because we never take one — see fees if a payment is missed.

Paying early

Because interest is charged only for the days you hold the balance, settling early stops the rest of it. On a one-time Business Loan an early-settlement charge of up to 28 days' interest may apply; in many cases we waive it, and the exact amount (if any) is always shown in your settlement figure before you confirm. See repaying your loan early.

Every figure here is shown in full on your Key Information Sheet and in your Business Loan Agreement before you sign — see what the Key Information Sheet shows. Pricing is set on the company and may vary; the exact numbers for your offer are the ones in your quote. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Are there fees for paying off my facility early?, Can my rate or charges change during the term?, Do you charge any hidden fees?.

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Every cost that can ever apply to your facility is set out in the offer you receive and the agreement you sign. Credicorp lends only to UK limited companies and LLPs for business purposes, and we are the lender rather than a broker, so there is no broker commission layered on top.

The kinds of cost you may see

• Interest or a charge for credit — the core cost of borrowing, shown at the rate or basis stated in your offer.
• An establishment or set-up cost — where one applies to your product, it is disclosed up front, not added later.
• Costs that only apply if something happens — for example a late payment or an early settlement, which only arise if that situation occurs.

How to find your own figures

We deliberately avoid quoting numbers in our help articles, because the cost depends on your product, your agreed term and the offer you accepted. The accurate place to read your costs is your own offer summary and signed agreement, both available in your account.

What you will not see

There are no hidden charges and no surprise add-ons. If a cost is not in your agreement, it does not apply. Because this is exempt business lending, the facility sits outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply — but our commitment to clear, complete pricing does. If you are still weighing products, you can compare your borrowing options side by side.

See also: Credicorp Flex vs Credicorp Slice: choosing a product, What payment methods can my company use? and How are Credicorp Flex charges structured?.

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If a scheduled payment is missed or arrives late, the first thing that happens is we try to reach you. Our aim is to understand what has happened and get the facility back on track, not to penalise a company that is communicating with us.

The usual sequence

• We contact you to let you know a payment was not received and to check whether it is a timing issue or a cash-flow problem.
• A late or missed-payment charge may apply, but only where your agreement provides for it, and only on the basis set out there.
• If the missed payment continues, interest or charges may keep accruing on the outstanding balance under your agreed terms.

What you should do

Tell us early. If you know a payment will be late, contact us before the date rather than after. We can often agree a short-term arrangement that avoids escalation. The worst outcome is silence, because that limits the options available to both sides.

Important context

This is a facility to your company, and no personal guarantee is taken from directors, so late payment is handled at the company level. Because the lending is exempt and outside the FCA consumer-credit regime, the Financial Ombudsman Service and FSCS do not apply — but we still handle arrears fairly and proportionately.

See also: How do late-payment charges work?, What is a late payment charge?, What happens if a Slice instalment is missed.

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A default is a more serious stage than a single late payment. It is reached when the conditions in your agreement for default are met — typically sustained non-payment or a breach of the agreement that is not resolved after we have tried to reach you.

Costs that can follow a default

• Continued accrual of interest or charges on the outstanding balance, on the basis your agreement sets out.
• Reasonable costs of recovering what is owed, where your agreement allows for them.
• The full outstanding balance may become due, depending on the terms.

What we do first

Default is not where we want to be. Before that point we will have contacted you, explained the position and looked for a workable way forward. Defaulting is a last resort, used when there is no engagement or no realistic route back.

How to avoid it

Engage early and stay in contact. A company that talks to us about a cash-flow problem almost always has more options than one that goes quiet. If circumstances have changed, tell us.

Context that matters

The facility is to your company, with no personal guarantee from directors, so default is dealt with at the company level. This is exempt business lending outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply — but recovery is handled fairly and within the agreement.

See also: What happens, step by step, if a payment is missed?, Will my company be charged for applying? and Arrears (glossary).

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People often use cost and fee loosely, but on a credit facility the two behave differently. Understanding the distinction helps you read your statement and your agreement accurately.

Interest, or the charge for credit

This is the ongoing cost of having borrowed money. It accrues over time, in relation to your outstanding balance and the basis in your agreement. It is the main cost of the facility and it continues for as long as a balance is outstanding.

Fees

A fee is a specific charge tied to an event or a service rather than to the passage of time. Examples include a set-up cost when the facility is established, or a conditional charge that only arises if something happens, such as late payment.

How to tell them apart on your statement

• Interest or credit charges recur period after period while a balance exists.
• Fees appear as one-off lines tied to the event that caused them.
• Both are defined in your agreement, so each line can be traced back to a clause.

Why we keep it figure-free here

Your actual interest and any fees depend on your product, term and offer, so your agreement and statement are the accurate source. This is exempt business lending to your company, with no director guarantee, and the Financial Ombudsman Service does not apply — so we explain any line directly if you ask.

See also: Can my rate or charges change during the term?, How are my payments allocated to what I owe?, Are there fees for paying off my facility early?.

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Before you sign, the complete cost of your facility is presented to you to review. You should never have to accept an agreement without first seeing what it will cost your company. Here is where to look.

Your offer summary

When we make an offer, it includes a summary of the cost of credit set at the rate and basis specific to your company. This is the headline view: what you borrow, the cost of borrowing it, and how repayment is structured over your agreed term.

Your draft agreement

• The costs section sets out interest or the charge for credit in detail.
• Any set-up or establishment cost is itemised.
• Conditional costs — late payment, early settlement — are described so you know what could arise later.

Take your time

You are free to read the documents carefully and ask questions before accepting. We will explain any clause in plain English. We deliberately do not quote figures in help articles, because your numbers depend on your product, term and offer — the offer and agreement are the accurate source for your company.

Remember

This facility is for UK limited companies and LLPs only, taken in the company's name with no personal guarantee. It is exempt business lending, so the Financial Ombudsman Service and FSCS do not apply — another reason to read the cost section closely before you commit.

See also: Understanding the total cost of credit, Do you charge any hidden fees? and How the 100% total-cost-of-credit cap works.

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Applying to Credicorp does not commit your company to any cost. You can apply, receive an offer and review the terms without obligation. Costs only attach once you accept an offer and the facility is in place.

What applying involves

• You provide information about your company so we can assess the application.
• We make a decision and, if we can lend, present an offer with the full cost of credit set out.
• You are free to read it, ask questions and decline if it is not right — at no charge.

If you are declined

There is no cost for an application that does not proceed. You are not charged for being assessed, and you are not charged for choosing not to accept an offer we make.

When costs begin

Costs start once you accept an offer and the facility is established. Any set-up cost, where one applies to your product, is shown in that offer before you sign, so nothing is a surprise.

Good to know

We lend only to UK limited companies and LLPs for business purposes, in the company's name, with no personal guarantee from directors. This is exempt business lending outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply.

See also: What is a default and what does it cost?, What fees could apply to my Credicorp facility?, Can my rate or charges change during the term?.

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