2 min read
Two different promises
A guarantee is secondary: it depends on the company’s underlying debt. An indemnity stands on its own — you promise to make the lender whole for a loss regardless of whether the main debt is valid. Guarantee documents often bundle in an indemnity to close loopholes.
Why the difference bites
If the guarantee fails on a technicality, the indemnity can still hold. That makes an indemnity harder to challenge. Borrowing without either — no guarantee and no indemnity — removes the whole layer of personal exposure.
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 an indemnity worse than a guarantee?
It is harder to escape. An indemnity survives even if the underlying debt is unenforceable, so it plugs the gaps a guarantee alone might leave.
Can I be asked for both?
Yes — many personal guarantee documents include an indemnity. A no-personal-guarantee loan avoids both.
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