2 min read
The checklist
Confirm the total repayable including every fee; whether a personal guarantee is required; the early-settlement terms; and any covenants. Make sure the structure fits the purpose.
Why it matters
A few minutes reading the agreement can save a lot later. The rate is the least of it — the fees, the guarantee and the flexibility shape the real deal. If anything is unclear, ask before you sign, not after.
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
What is the most important thing to check?
Whether the loan carries a personal guarantee, and the total repayable. The guarantee decides your personal exposure; the total repayable is the real cost.
Can I negotiate loan terms?
Sometimes, especially fees, flexibility and the amount. It never hurts to ask, and understanding the terms first puts you in a stronger position.
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