The Credicorp business loan is straightforward: your company borrows a fixed amount, and we agree a repayment schedule before funds are released. There are no variable rates to watch and no surprises mid-term — the cost is set at the outset.
From application to funds
Once we have the information we need about your company, our system assesses the application and returns a decision quickly. If approved, we confirm the amount, term, and total repayable. You sign the agreement digitally, and funds are disbursed to your business bank account — typically within one business day of completion.
Repayments
Repayments are made on a fixed schedule — usually weekly or monthly — for the duration of the term. The amount stays the same each period, so your finance team can plan cash flow precisely. There are no balloon payments at the end; the final instalment clears the balance in full.
No personal guarantee
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.
The Credicorp business loan suits companies that need a defined amount for a defined purpose and want certainty on cost from day one. If your funding needs are more flexible — drawing, repaying, and redrawing as required — you may want to look at Credicorp Flex instead.
See also: What can I use a Credicorp business loan for?, How does the repayment schedule work?.