Credicorp
How is my Credicorp Flex credit limit set and raised in the UK?
Your Credicorp Flex limit is set during the application process, from the same affordability assessment that decides a one-time loan. The opening limit is typically the lower of (a) our policy maximum for the tier or (b) roughly 30% of the company's average monthly trading inflow.
We look at three things: your repayment history on the existing limit, your current open-banking-linked bank-statement inflow (with your consent), and your overall affordability ratio (Flex + any one-time Credicorp loans + reported business borrowing elsewhere). The new limit must still sit within ~30% of average monthly trading inflow.
Most reviews complete within 2-3 working days. If you carry a vulnerability flag, the request is routed to a manual reviewer who reads the full picture.
From the portal you can set a PERSONAL limit lower than your agreed facility — useful if you want a self-imposed ceiling. The personal cap is a binding limit on drawings; you can adjust it any time.
For the full responsible-lending angle: setting and raising your Flex limit responsibly. To talk through your specific situation, contact us.
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What triggers a review
- Repayment history. Six months of clean Flex usage (drawings repaid on or before their minimum-payment dates) automatically flags your account for a review.
- Trading-inflow growth. If your open-banking-linked bank statements show sustained trading growth (greater than 15% over 6 months), the affordability model recalculates a potential new limit.
- Customer request. You can request a review any time from the portal — "Request a limit review" in the Flex panel. No fee, no commitment.
How a request is reviewed
We look at three things: your repayment history on the existing limit, your current open-banking-linked bank-statement inflow (with your consent), and your overall affordability ratio (Flex + any one-time Credicorp loans + reported business borrowing elsewhere). The new limit must still sit within ~30% of average monthly trading inflow.
Most reviews complete within 2-3 working days. If you carry a vulnerability flag, the request is routed to a manual reviewer who reads the full picture.
Setting your own ceiling
From the portal you can set a PERSONAL limit lower than your agreed facility — useful if you want a self-imposed ceiling. The personal cap is a binding limit on drawings; you can adjust it any time.
For the full responsible-lending angle: setting and raising your Flex limit responsibly. To talk through your specific situation, contact us.
Related questions
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