Does applying jointly with a co-director improve my chances?

A co-director rarely changes a no-personal-guarantee company loan, because the company — not the individuals — is the borrower. The loan is assessed on company cash flow either way. A second director adds authority and reassurance, but does not personally underwrite the debt when no guarantee is taken. Because Credicorp takes no personal guarantee, the loan rests on the company's cash flow, not on how many directors sign. Adding a co-director does not bring extra personal security into a no-guarantee facility.

Does applying jointly with a co-director

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Little changecompany borrows

No PGindividuals not liable

Reassurancegovernance signal

The company is the borrower

Because Credicorp takes no personal guarantee, the loan rests on the company's cash flow, not on how many directors sign. Adding a co-director does not bring extra personal security into a no-guarantee facility.

Where a co-director helps

Two engaged directors can signal sound governance and shared oversight, and having the right people authorise the borrowing satisfies the articles. For a guarantee-based lender, a second guarantor would matter — but that is not how Credicorp lends.

Applying

Ensure the board has authority to borrow, then apply online.

Frequently asked questions

Does a second director make approval more likely?

For a no-personal-guarantee company loan, not materially — the company's cash flow decides it. A co-director adds governance comfort rather than personal security.

Are both directors personally liable if we apply jointly?

Not with Credicorp — no personal guarantee is taken, so neither director is personally liable. The borrowing sits with the company.