Representative Example — Credicorp

A representative example shows the cost of borrowing in a standardised form so you can compare offers. It does not tell you the cost for your specific loan — that depends on your amount, term and the establishment fee applicable to your application.

The example below is representative of the most common loan we arrange. It covers the full cost of credit.

What this covers

The repayment figure includes all interest charged at the daily rate on the outstanding balance, plus any establishment fee. No other amounts are payable unless an instalment is missed (in which case a late fee applies as set out in your Business Loan Agreement).

Total cost of credit is capped at 100% of the amount you borrow. You will never repay more than double the principal in interest and fees combined, regardless of what happens with the loan.

About the cap

Credicorp's 100% cost cap applies to every loan we make. Even if a loan runs longer than originally planned, the most you will ever repay in interest and fees is the same as the amount you originally borrowed.