2 min read
The trade-off
A secured loan pledges an asset for a lower rate and larger sum; an unsecured loan relies on the company's trading and puts no specific asset on the line. See secured vs unsecured.
Which for which need
Secured suits large, long-term, asset-backed borrowing like a commercial mortgage. Unsecured suits short-term working capital where speed and asset protection matter more than the last fraction of a percent. And note: unsecured is not the same as no personal guarantee — Credicorp takes neither an asset charge on you personally nor a personal guarantee.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Is unsecured always more expensive?
Usually a little, because the lender has no asset to fall back on. For short-term working capital the premium is often small and worth it for the speed and asset protection.
Does unsecured mean no personal guarantee?
Not automatically — some unsecured lenders still require one. Credicorp lends unsecured against your personal assets and takes no personal guarantee at all.
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Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.