# The 14-day withdrawal right (voluntary)

*Source: https://credicorp.co.uk/support/14-day-withdrawal-right/*

When you take out a loan with us, you have a **14-day window** in which you can change your mind and withdraw from the agreement. We want to be clear about what this is from the outset: it is a **voluntary policy we choose to offer**, not a statutory consumer cooling-off right. Lending to a company is outside FCA consumer-credit regulation, so the consumer cancellation rules do not apply here — but we think a short reflection period is fair, so we give you one anyway.

## Why it is voluntary, not statutory

The 14-day cooling-off period that many people associate with personal borrowing comes from consumer law. Our loans are made to **UK limited companies and LLPs** for business purposes, and a company is not an individual under **Article 60B FSMA RAO 2001**, so that consumer regime does not cover this product. That means the withdrawal window described here exists because *we offer it as a matter of policy*, and it is governed by the terms of your Business Loan Agreement — not because any statute requires it. We would rather be straight about that than imply a legal protection that is not in play.

## When the window runs

The 14-day period starts the **day after you sign** your Business Loan Agreement and runs for fourteen calendar days. You can withdraw at any point inside that window. Withdrawing means unwinding the loan: you repay the principal we advanced, and the agreement is treated as not having gone ahead. Because we charge simple interest and no early-repayment fee, the cost of using the window is small and is explained to you when you ask — there is no penalty for changing your mind.

## How to use it

If you decide to withdraw within the 14 days:

- Tell us promptly, in writing where possible, so the date is clear.

- Be ready to repay the amount that was advanced to the company.

- Ask us for the figure you need to return — we will set out exactly what to pay and how.

If instead the loan has served its purpose and you simply want to clear it ahead of schedule outside this window, that is also fine and usually saves you money. The mechanics are the same kind of thing — you ask for a settlement figure and pay it — and we cover that route in [early repayment: how to do it and what you save](/support/early-repayment-how-and-what-you-save/). Many borrowers find that the more useful option once they are past the first couple of weeks.

## Know what you signed

The withdrawal window, your repayment schedule and the total cost of credit are all summarised before you commit on your Key Information Sheet (KIS). If you want a refresher on what that pre-contract summary contains and what protections and terms it sets out, read [what the Key Information Sheet covers](/support/what-does-the-secci-cover/). Reading it alongside this article is the best way to understand both your obligations and your options.

A final reassurance: using the withdrawal window is not held against you, and it does not affect any future application on its own. We offer it precisely so that you can take the loan with confidence, knowing there is a short, no-penalty path back if your circumstances change in the first two weeks. If you are weighing it up, contact us — we would far rather talk it through than have you feel locked in.

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Credicorp Limited — UK lender to limited companies (Company No. 16093826). credicorp.co.uk