Credicorp's approach to lending is guided by a small set of principles that shape every credit decision, product feature, and customer interaction. These are not marketing language — they reflect practical choices about how we structure our facilities and assess our borrowers.
Transparency before commitment
We disclose the full cost of a facility in plain figures before you sign anything. That means the total amount repayable, the fee or interest structure, and the repayment schedule are all presented upfront. We do not bury costs in small print or add charges that were not disclosed at the outset.
Business-only, company-level lending
Every facility is extended to the company entity — a UK limited company or LLP — not to individual directors or shareholders. We do not take director personal guarantees. This reflects our view that business finance should sit with the business: it aligns risk correctly and means directors are not personally exposed if the company meets its obligations as agreed.
Proportionate credit assessment
We assess each application on the company's own financial position and trading history. We use a combination of data-driven models and, where the picture is nuanced, human review. Our aim is to make a well-grounded decision quickly — not to apply a rigid one-size formula that advantages long-established businesses at the expense of younger but creditworthy ones.
Speed without shortcuts
Fast decisions are only useful if they are accurate. We invest in our assessment process specifically so that speed does not come at the cost of lending responsibly or mispricing risk. A facility agreed quickly and structured correctly serves a business better than one that creates problems at renewal or repayment.
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.
See also: How does Credicorp make lending decisions?, Who is Credicorp?, What is Credicorp's UK regulatory position?