Credicorp
Understanding your Business Loan Agreement
Your Business Loan Agreement is the single most important document for your loan. A plain-English guide to what it contains and why it matters.
Your Business Loan Agreement is the document that sets out the terms of your loan. It is worth keeping somewhere safe and reading properly — it answers most questions about how your loan works.
What your agreement tells you
We will never apply a charge that is not set out in your agreement. If anything in it is unclear, please ask — we would always rather explain than leave you guessing.
If you have mislaid your copy, you can request another at any time using the Request a Copy of Your Business Loan Agreement form on our Forms & Requests page. There is no charge for a reasonable request. For a current breakdown of your balance and payments, ask for a statement of account.
- the amount you have borrowed and the total amount payable;
- the interest rate and how interest is applied;
- your payment amounts and the dates they are due;
- any fees or charges that can apply, and in what circumstances.
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