Credicorp is committed to full transparency on charges before any agreement is signed. Every facility offer includes a written disclosure of all fees, interest, and other charges that apply to the agreement. You will not encounter a charge in your agreement that was not disclosed before you accepted it.
Pre-contract information
Before you sign, you receive a pre-contract document that itemises the arrangement fee (where applicable), the interest rate and how it is calculated, the total amount payable over the full term, any Early Repayment Charge that applies and when it expires, and the missed-payment administration charge. For Credicorp Flex, the document also covers the facility fee and includes an illustrative usage example. For Credicorp Slice, it states the flat 6% fee and the instalment schedule for the specific bill you are spreading.
Time to review before committing
You are not required to sign immediately upon receiving an offer. We encourage directors to review the pre-contract document carefully, share it with their accountant or finance team if helpful, and ask any questions before proceeding. Requesting clarification or taking time to consider does not affect your offer.
What happens if costs change?
For a Business Loan and Credicorp Slice, costs are fixed at the point of acceptance — they cannot change during the agreement. For Credicorp Flex, the facility fee and interest rate are set in your agreement; any change to the terms of your Flex facility would require a new agreement and fresh disclosure before it takes effect. No charge can be introduced or increased mid-agreement without your knowledge and agreement.
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: Does checking my eligibility cost anything?, What fees does a Business Loan carry?, What does a missed Direct Debit cost?