®
Credit Corp
You'll never repay more than double what you borrow.
Total cost of credit — interest and fees combined — is capped at 100% of the amount you draw. Capped by the agreement, not by promise.
- Penderfyniad AI mewn munudau
- Dim gwarant bersonol
- Cyllid yr un diwrnod ar ôl cymeradwyo
- £500 borrowed costs at most £500 more — interest, fees, everything in.
- The cap survives missed payments. There is no penalty-rate uplift to break it.
- A single £12 dishonour fee for a missed Direct Debit — once per missed payment.
- Settle early any time — early-settlement charge up to 28 days' interest may apply.
- Yn masnachu ers 21 November 2024
- Companies House 17338274
- Nod masnach y DU UK00004156742
Enghraifft gynrychiadol
Cynrychiadol: benthyca £200 am 30 diwrnod, ad-dalu £220.
Cwestiynau cyffredin
What is a capped cost business loan UK?
A capped cost business loan sets a maximum on the total amount you can ever repay — interest and fees combined — expressed as a percentage of what you borrowed. Credit Corp's cap means you will never repay more than double the amount you draw, regardless of how long the money is outstanding or if you miss a payment.
Does the cap protect against penalty rates?
Yes. The cap is written into your loan agreement. There is no penalty-rate uplift that could break it, and the dishonour fee for a missed payment is fixed and modest. The worst-case total cost is always visible up front.
Credit Corp lends to UK limited companies under the body-corporate exemption (Articles 60B and 60L of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001). We do not lend to individuals, consumers or sole traders. The director who signs the agreement is acting as the company's authorised representative and is not personally liable. Neither the Financial Ombudsman Service nor the Financial Services Compensation Scheme covers this lending, so please raise any dispute through our published complaints procedure.