2 min read
Rate is only part of the picture
A slightly lower rate can hide a bigger arrangement fee, a longer term that adds interest, or an inflexible agreement. Compare on total repayable, not the headline number.
The terms that outweigh a small rate gap
Does the loan require a personal guarantee that risks your home? Can you settle early without penalty? How fast is the money? A no-personal-guarantee loan with real flexibility can beat a marginally cheaper one that ties up your assets.
What it means for you
Weigh price against protection and flexibility. Credicorp lends to your company with no personal guarantee, so your assets stay out of it. See business loans or apply online.
Frequently asked questions
Should I ever pay more for a loan?
Sometimes, yes. No personal guarantee, faster funding, or the freedom to overpay can be worth a slightly higher cost. Weigh the extra against what those terms are worth to your business.
How do I compare loans fairly?
Convert every offer to total repayable with all fees included, then weigh the non-price terms — personal guarantee, flexibility, speed. The cheapest number is not always the best deal.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.