Credicorp

KIS (Key Information Sheet)

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.

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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.

Representative example A representative example illustrates the typical cost of a facility using a worked set of figures — amount, rate, fees and total repayable — so a borrower… Cost of credit The cost of credit is the total a borrower pays on top of the amount borrowed — interest plus any fees. It is the most honest figure for judging how much… Covenant A covenant is a promise or condition in a loan agreement that the borrower must keep. Breaching a covenant can be an event of default, even if payments… APR What is APR in the UK? Annual percentage rate expresses the yearly cost of borrowing as a single percentage, combining the interest rate with any… /legal/vulnerability/ How Credicorp, a UK business lender, supports customers going through a difficult time — vulnerability policy and support routes. Asset finance Asset finance is a way of funding equipment, vehicles or machinery by spreading the cost over time, with the asset itself usually acting as the security… Early settlement Early settlement is repaying a facility before the end of its term. Where interest is charged on the outstanding balance, settling early reduces the cost… Limited company A limited company is a UK business structure registered at Companies House that exists as a separate legal person from its owners, giving its shareholders… Term The term of a facility is the length of time over which it runs and is repaid. Short-term business lending has a brief term, which keeps the cost in… Eligibility Eligibility is the set of published criteria a business must meet to be considered for a facility. Credicorp's criteria: a UK limited company or LLP… Establishment fee An establishment fee is a one-off charge for setting up a facility, separate from interest. It forms part of the total cost of credit and should be read…

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 Credicorp

Credicorp 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. Credicorp is an independent UK lender, not affiliated with Credicorp Inc of Peru, Credit Corp of Australia, or any other Credicorp entity outside the United Kingdom (Company No. 16093826; ICO ZC157682).

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