2 min read
The offset risk
Some banks reserve the right to “set off” — use money in your current account to reduce a loan you hold with them. If a dispute or arrears arise, that can drain your operating cash without warning.
Why separation helps
Borrowing from a lender that does not hold your current account keeps your day-to-day cash under your control. It also lets you shop for the best cost of borrowing rather than defaulting to your bank. Credicorp is a standalone lender, not your bank.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. Because Credicorp is not your bank, there is no current-account balance for us to set off. See business loans or apply online.
Frequently asked questions
What is bank set-off?
It is a bank’s right to use credit balances in your accounts to reduce a debt you owe the same bank. Separating banking and borrowing avoids the exposure.
Should I borrow from my own bank?
Not automatically. A standalone lender keeps your operating cash separate and lets you compare the true cost across the market.
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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.