A tariff of charges is a document that lists the fees a lender may apply to a facility, and the circumstances in which each applies. It gathers potential costs into one reference, so a business can see them in advance.
What it helps you understand
Interest is only part of the cost of borrowing. A tariff of charges sets out other fees that might come into play, so there are no surprises later if a particular situation arises.
- It explains which charges may apply and when.
- It sits alongside the interest terms in your agreement.
- It lets you plan for costs beyond your regular repayments.
How to use it
Read the tariff together with your agreement so you understand the full picture before committing. If anything is unclear, it is always worth asking the lender to explain when a particular charge would or would not apply.
Credicorp lends only to UK limited companies and LLPs for business purposes. We do not state any fee amounts here; the charges relevant to your facility are set out in your own documentation. Credicorp is an exempt business lender, so the Financial Ombudsman Service and FSCS do not apply. Our team can talk you through any charge you are unsure about.
See also: What is a credit limit?, What is an early repayment charge?, What fees could apply to my Credicorp facility?.