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Credicorp · Comharra-malairt na RA UK00004156742
You'll never repay more than double what you borrow.
Total cost of credit — interest and fees combined — is capped at 100% of the amount you draw. Capped by the agreement, not by promise.
- Co-dhùnadh IF ann am mionaidean
- Gun bharantas pearsanta
- Maoineachadh air an aon latha nuair a thèid aontachadh
- £500 borrowed costs at most £500 more — interest, fees, everything in.
- The cap survives missed payments. There is no penalty-rate uplift to break it.
- A single £12 dishonour fee for a missed Direct Debit — once per missed payment.
- Settle early any time — early-settlement charge up to 28 days' interest may apply.
- A' malairt o 21 November 2024
- Companies House 16093826
- Comharra-malairt na RA UK00004156742
Eisimpleir riochdail
Riochdail: faigh iasad de £200 airson 30 latha, pàigh air ais £220.
Ceistean cumanta
What is a capped cost business loan UK?
A capped cost business loan sets a maximum on the total amount you can ever repay — interest and fees combined — expressed as a percentage of what you borrowed. Credicorp's cap means you will never repay more than double the amount you draw, regardless of how long the money is outstanding or if you miss a payment.
Does the cap protect against penalty rates?
Yes. The cap is written into your loan agreement. There is no penalty-rate uplift that could break it, and the dishonour fee for a missed payment is fixed and modest. The worst-case total cost is always visible up front.
Credicorp lends to UK limited companies under the body-corporate exemption (Articles 60B and 60L of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001). We do not lend to individuals, consumers or sole traders. The director who signs the agreement is acting as the company's authorised representative and is not personally liable. There is no Financial Ombudsman Service or Financial Services Compensation Scheme cover for this lending; our published complaints procedure is the route for disputes.