2 min read
Fixed means fixed
On a fixed-rate loan, the rate and repayment are locked for the term, so a later increase in the base rate does not touch you. That certainty is the point of fixing.
Where the risk really is
Variable-rate facilities move with the base rate, so repayments rise when rates do. If you value predictability, a fixed rate removes that risk — model both with the true cost calculator.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. Fixed repayments make budgeting and affordability planning straightforward, whatever rates do. See business loans or apply online.
Frequently asked questions
Will my fixed-rate loan payment go up if rates rise?
No. A genuine fixed-rate loan keeps the same repayment for the fixed term, regardless of what happens to the base rate.
Which is safer, fixed or variable?
Fixed gives certainty and protects you from rate rises; variable can be cheaper if rates fall but exposes you if they rise. It depends on your appetite for risk.
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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.