Credicorp
Can I pay off a Credicorp Flex drawing early in the UK?
Yes — you can pay off any Credicorp Flex drawing early. There is no fee, no notice period, and no minimum interest charge. Paying early simply stops the interest meter the same day.
Once a drawing is fully settled, that part of your credit limit is freed and available to draw again. The facility itself stays open with no fee or maintenance charge. An unused Flex line with a clean repayment history is exactly the kind of customer we periodically offer a limit increase to — see setting and raising your Flex limit.
You can also pay any amount above the minimum without settling the whole drawing. The extra amount goes against the principal, which reduces the interest in the next cycle. There's no fee for partial overpayment either.
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How to do it
- Sign in to the customer portal.
- Open the Flex panel and find the drawing you want to settle.
- Click "Settle in full now". The portal shows the exact £ figure (drawn balance + any interest accrued to today).
- Pay by debit card, Faster Payments, or schedule the settlement to your next Direct Debit collection.
What happens to your facility
Once a drawing is fully settled, that part of your credit limit is freed and available to draw again. The facility itself stays open with no fee or maintenance charge. An unused Flex line with a clean repayment history is exactly the kind of customer we periodically offer a limit increase to — see setting and raising your Flex limit.
Partial early repayment
You can also pay any amount above the minimum without settling the whole drawing. The extra amount goes against the principal, which reduces the interest in the next cycle. There's no fee for partial overpayment either.
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