2 min read
What earns a better rate
Lenders price for risk, so lower your apparent risk: keep records current, build your credit score, and show comfortable affordability. Applying while trading is strong helps too.
Then compare
Even with a strong case, compare offers on total repayable — the best rate is the one with the lowest all-in cost and terms that suit you. See how to compare offers.
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
Does my credit score affect my rate?
Yes. A stronger business credit score lowers your apparent risk, which tends to unlock better rates. Improving it before applying can pay off directly.
Is the lowest rate the best deal?
Not always. Compare on total repayable with fees included, and weigh non-price terms like no personal guarantee and flexibility. The cheapest number is not always the best loan.
Related reading
How do I improve my business credit score?
Pay on time, file accounts early, correct any errors on your credit file, and keep credit utilisation…
Read →Is a cheaper rate always a better loan?
No — the lowest rate is not automatically the best loan. Fees, whether a personal guarantee is required, the…
Read →
Can my interest rate change during the loan?
On a fixed rate it can't; on a variable rate it moves with the base rate; and some agreements reserve a…
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.