Before you sign a Credicorp Business Loan Agreement, you will receive a Key Information Sheet (KIS). This document summarises every financial detail of your loan in a standardised layout. It is not small print — it is the most important document to read before you commit. This guide explains each section so you know exactly what you are looking at.
What is a Key Information Sheet?
A KIS is a pre-contractual summary. It gives you the key figures for your specific loan offer in a clear, consistent format. Because Credicorp is a business lender operating outside the FCA consumer-credit regime, your KIS follows the voluntary best-practice format used across the responsible business lending sector rather than a statutory consumer-credit template — but it covers the same essential information.
You will receive your KIS inside your online application, before you reach the signature step. Take time to read it.
The figures on your KIS
Amount borrowed
The net amount of money Credicorp will transfer to your company's business bank account. This is the figure you are borrowing — not the total you will repay.
Total amount payable
The full sum your company will pay to Credicorp over the life of the loan, including the original amount borrowed plus all interest and any fees built into the repayment schedule. This is the single most important figure for understanding what the loan actually costs.
Total cost of credit
The total amount payable minus the amount borrowed. This is the pure cost of the loan to your company — every pound of interest and fees, with the principal stripped out. Comparing this number across different loan offers lets you see which is cheaper in cash terms.
Loan term
The number of days from the date you sign to the date of your final repayment. Credicorp loans run from 14 to 84 days.
Repayment schedule
A table showing every payment date, the amount due on each date, and the running balance after each payment. Check that each payment date is a date when your company can reliably make payment. If a date falls on a bank holiday or weekend, note that the collection may shift to the nearest working day — this will be stated in your agreement.
Repayment frequency
Whether repayments are weekly or fortnightly. This is set at the point you choose your loan term; it does not change after signing.
Early repayment charge (if applicable)
If an ERC applies, it is shown here as a fixed amount. The ERC is only triggered if you repay the full loan before a certain point in the term. Repaying after that threshold — or repaying on schedule — does not trigger it. The ERC is not a penalty for paying on time; it is a cost recovery for very early settlement.
What to check before you sign
- Check the amount. Confirm the amount borrowed matches what your company needs
- Check the total cost. Confirm the total cost of credit is acceptable for your business situation
- Check each repayment date. Make sure every date works for your cash flow — if not, consider a different term
- Check the bank account. Confirm the account shown for drawdown is the correct one
If any figure looks wrong or you do not understand a line, do not sign. Contact us and we will explain it before you proceed. You can also search the help centre — Fees & charges and Payments cover the most common questions in detail.
Where can I find my KIS after signing?
A copy of your KIS is attached to your Business Loan Agreement, which is available to download from your account at any time after you sign. Sign in and go to your loan documents.
See also: How to download your loan documents, How to get a business loan: a step-by-step guide, How to raise a complaint with Credicorp.