Applying to Credicorp does not commit your company to any cost. You can apply, receive an offer and review the terms without obligation. Costs only attach once you accept an offer and the facility is in place.
What applying involves
- You provide information about your company so we can assess the application.
- We make a decision and, if we can lend, present an offer with the full cost of credit set out.
- You are free to read it, ask questions and decline if it is not right — at no charge.
If you are declined
There is no cost for an application that does not proceed. You are not charged for being assessed, and you are not charged for choosing not to accept an offer we make.
When costs begin
Costs start once you accept an offer and the facility is established. Any set-up cost, where one applies to your product, is shown in that offer before you sign, so nothing is a surprise.
Good to know
We lend only to UK limited companies and LLPs for business purposes, in the company's name, with no personal guarantee from directors. This is exempt business lending outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply.
See also: What is a default and what does it cost?, What fees could apply to my Credicorp facility?, Can my rate or charges change during the term?.