Even though business lending is outside the FCA consumer-credit regime, Credicorp holds itself to clear standards. We want the companies we fund to be able to repay comfortably and to understand exactly what they are agreeing to.
Lending that fits the business
We assess each company on how it trades and whether the funding genuinely suits its needs. We would rather decline or adjust an offer than provide funding that could put a business under avoidable strain.
Clear terms, no surprises
- The rate, any charges and the term are set out in your offer before you commit
- We explain how your chosen product, Credicorp Flex or Credicorp Slice, actually works
- We don't take personal guarantees from directors
Support if things get difficult
Businesses go through ups and downs. If your company is heading into difficulty, we would much rather hear from you early. We aim to work constructively with customers facing genuine hardship to find a sensible way forward.
What this is not
These standards are our own commitment to fair dealing. They are not the consumer protections that apply to personal borrowing. Because we are an exempt business lender, the Financial Ombudsman Service and the Financial Services Compensation Scheme do not apply to your agreement.
See also: What Credicorp stands for: our values, How Credicorp decides whether to lend to your company, Careers at Credicorp.