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Credicorp vs asset finance and leasing
Asset finance ties borrowing to a specific piece of equipment over several years. A Credicorp loan is unsecured cash for a short, defined need — no asset held as security, no multi-year commitment.
- 1 hour Typical decision in working hours
- Same day Funding once you accept the offer
- £50–£2,000 Advanced to UK limited companies
- 100% cap Total cost of credit, capped — never repay more than double
- No PG No personal guarantee — we lend to the company
Applications reviewed by Credicorp to date: thousands of UK companies
Figures are the published product terms, resolved from our single pricing source (/ai.md). Every application is assessed on its own merits — approval is never guaranteed.
In short
Choose Credicorp for a fast, unsecured, short-term need; asset finance can suit buying one large piece of equipment you plan to keep and use for years.
Side by side
| Credicorp | Asset finance / leasing | |
|---|---|---|
| What it funds | Any short-term business need — cash paid into the company account | One specific asset — machinery, a vehicle, equipment |
| Security | Unsecured — no asset held as collateral | The asset itself is usually the security, and can be repossessed on default |
| Term | Short — days to weeks | Long — typically 2 to 5 years, matched to the asset's useful life |
| Personal guarantee | None — company is the sole obligor | Often required alongside the asset security |
| Speed to funds | Decision typically within the hour, same-day funding | Valuation, agreement and supplier paperwork can take days to weeks |
| Best for | A fast, short, unsecured cash need | A large capital asset you will use for years |
When Asset finance / leasing may suit you better
We would rather you borrow well than borrow from us. Consider the alternative if:
- You are buying one large asset you will keep and depreciate over several years
- You would rather the finance be secured against the asset than unsecured
- You want the lowest headline cost for long-term equipment ownership
Otherwise, for a fast, capped, company-only short-term need, Credicorp is built for exactly that.
What Credicorp gives you
- £50–£500 of short-term business credit, lent to the company
- No personal guarantee and no personal credit search on any director
- Total cost of credit capped at 100% — you never repay more than double
- Decision typically within the hour, same-day funding on acceptance
- Interest only for the days you borrow — settling early costs less
Your instant cost preview
Drag to your figure — see exactly what you would repay before you apply. No credit search, no obligation.
Capped at 100% of the amount borrowed.
Illustration only, not an offer or a lending decision, and not a quote personal to you. Interest is simple (no compounding) and charged only for the days you borrow, so settling early costs less. Full terms and the single pricing source: Business Loan · /ai.md.
Common questions
- Is a Credicorp loan the same as asset finance?
- No. Asset finance secures a multi-year agreement against one specific piece of equipment. Credicorp offers short-term, unsecured company credit — no asset is held as security and the term is weeks, not years.
- Can I use a Credicorp loan to buy equipment?
- Yes, for a smaller or faster purchase — a defined equipment cost repaid over a short term suits Credicorp well. For a large asset you plan to keep for years, dedicated asset finance may be cheaper overall.
- Do I need a personal guarantee with Credicorp?
- No. Credicorp lends to the company — a UK limited company or LLP — as the sole obligor. There is no personal guarantee and no personal credit search on any director. The debt is the company's, not yours.
- How fast is Credicorp?
- Applications are reviewed in working hours, with a decision typically confirmed within the hour and same-day funding once you accept the offer.
Decision in minutes
Apply in minutes, get a decision typically within the hour, and have the funds the same day you accept — no personal guarantee, capped cost.
Comparisons describe the general structure of each option, not specific competitor pricing. Credicorp lends to UK limited companies and LLPs under the body-corporate exemption (Articles 60B and 60L of the FSMA (Regulated Activities) Order 2001); this is not consumer lending, and the FOS and FSCS do not apply. Short-term business credit carries a high annualised cost — borrow only what you need, for the shortest term. Full details: regulatory status and responsible lending.
Before you go — see your cost in 5 seconds
No credit search, no obligation. Borrow £50–£500, get a decision within the hour in working hours, and same-day funding once you accept. We lend to the company — no personal guarantee.
Or use the full calculator first.