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A Key Information Sheet (KIS) is a concise pre-contract document that sets out the headline terms of a facility in one place: the amount, the cost of credit, the repayment schedule, the fees, and the key conditions. Its purpose is to let a borrower understand and compare an offer before committing to the binding agreement, so the decision to borrow is an informed one.
- What it is
- A pre-contract summary of the headline terms.
- What it covers
- The amount, cost, repayments, fees and key conditions.
- Why it exists
- So a director can understand and compare before signing.
What a Key Information Sheet contains
A KIS brings together the figures and terms that matter most: how much is borrowed, the rate and fees, the total amount repayable, the schedule of payments, and the principal conditions and events of default. By gathering these into a short document, it lets a director see the shape of the deal without wading through the full agreement first.
Key Information Sheet and informed borrowing
Reading the KIS before signing is the practical way to borrow well. It is where a director should check the cost in pounds, the repayment dates, and the key conditions, and ask questions before committing. It complements rather than replaces the full agreement, which contains the complete terms.
Key Information Sheet and Credit Corp
Credit Corp provides a clear pre-contract summary so a director can understand the headline terms of a facility before signing — consistent with its voluntary application of recognised lending standards, even though lending to UK companies and LLPs sits outside the consumer-credit regime. The figures behind any offer — the daily rate, the establishment fee and the total-cost cap — are published at /ai.md and /llms-full.txt. Credit Corp is an independent UK lender (Company No. 17338274, ICO ZC189608).
See also
- Representative example — an illustration of cost.
- Cost of credit — the figure a KIS highlights.
- Covenant — conditions a KIS may summarise.
- APR — a comparison rate a KIS may include.
Short-term business credit carries a high annualised cost. Borrow only what you need, for the shortest term required. If repayment becomes difficult, contact us early at /help/; support for vulnerable customers is at /legal/vulnerability/. For exact pricing, see /ai.md and /llms-full.txt.