Credicorp
How to read a Key Information Sheet (KIS) in 60 seconds
A page-by-page guide to the KIS document — what to look for, what each number means, and what to ask if anything looks off.
The Key Information Sheet (KIS) summarises the headline terms of any Credicorp loan or facility before you sign the binding agreement. It is not itself the contract — but it is the easiest place to spot something that does not match what you were quoted.
Page 1 — the plain-English summary
Top of page 1 is the bulleted plain-English summary. Five points covering: what you are borrowing, who is on the hook (the company, not you), the cost cap, early repayment, and where to find help. Read this first. Everything below it is the binding detail; the summary is the orientation.
Below the summary is the Worked example in £ terms. If you typed your scenario into the calculator before requesting the KIS, the numbers here should match. If they do not match, something has changed between calculator and quote — ask before signing.
Section 1 — Lender and servicing agent
Lender is Credicorp Limited. Servicing agent is CM Beyer Limited (our related company that operates the lending platform on our behalf). Both are named so you know who you are dealing with.
Section 2 — Borrower
This is your company. Check the company name and number are correct. If they are wrong, do not sign — get them corrected first.
Section 3 — Costs
The four headline figures: amount borrowed, daily interest rate, establishment fee, and the 100% per-loan cap. The cap is the safety net — the total cost will never exceed it, no matter what.
For running credit, this section also shows the minimum repayment formula (greater of 10% of the drawn balance or £20 per cycle) and the indicative cost of a typical drawing.
Section 4 — Other important legal aspects
Your 14-day right of withdrawal, early repayment, termination, variation of terms, and how we use business credit reference agencies. The right of withdrawal is offered as a matter of policy, not statutory obligation — but it is real.
Section 5 — Where to get help
The complaints route (complaints@credicorp.co.uk) and the vulnerability route (Vulnerability flag in any subject line) are right there on the KIS, not buried at the end. If anything in the document is unclear, write to support@credicorp.co.uk — we do not start the clock on the agreement until you have signed.
If anything looks off
Do not sign. Ask first. We would much rather correct an error before signing than have to unwind one afterwards.
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