2 min read
Illustrative only. Assumes a fixed rate and equal monthly repayments (annuity). Your actual offer depends on Credicorp’s assessment of your company.
Step 1: work out the repayment
Calculate the monthly repayment for the amount, rate and term you are considering. This is the fixed figure you will build your budget around for the life of the loan. See choosing a loan term.
Step 2: treat it as a fixed cost
Put the repayment in your budget alongside rent and wages — a non-negotiable outgoing, not discretionary spend. Reserving it first, before other spending decisions, ensures the money is always there when the payment falls due.
Step 3: build in a buffer
Budget for the repayment plus a margin, so a slow week does not put it at risk. This is the practical expression of headroom — keeping cover comfortably above 1.0 in every month, not just on average. See forecasting repayments.
Step 4: review as things change
Revisit the budget if trading shifts. If cash tightens, act early — chase invoices, trim spend — rather than letting the repayment slip. See avoiding default.
Set the figure to budget
Use the calculator to find the repayment to build into your budget.
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See indicative terms on business loans, or apply online in minutes.
Frequently asked questions
How do I budget for a loan repayment?
Work out the monthly repayment, treat it as a fixed cost alongside rent and wages, reserve it before other spending, and build in a buffer so a slow week does not put it at risk.
Should I treat a loan repayment as discretionary?
No — treat it as a non-negotiable fixed cost, reserved first in your budget. Missing it triggers charges and damages your credit, so it should be protected like rent or payroll.
How much buffer should I budget around a repayment?
Enough to keep every month comfortably in the black, not just break-even — the practical expression of headroom. If cover would drop near 1.0 in a slow month, borrow less or extend the term.
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Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.