When your company has repaid a Credicorp loan in full, you are welcome to apply again if the business needs further funding. A clean repayment history can also count in your favour, though every application is assessed afresh.
How returning customers apply
You can start a new application from your existing account, which often means less to re-enter since we already hold your company details. We then assess the new request on its own merits, looking at current trading and affordability rather than relying on the past facility alone.
- Apply again through your existing account
- We reassess current trading and affordability
- A good repayment record can support your application
Flex may avoid a fresh application
If your repaid facility was Credicorp Flex and it remains open with available headroom, you may be able to draw again rather than reapplying. A fully closed facility, or a Slice advance, would need a new application.
No automatic re-lending
We do not re-lend automatically just because a previous loan was repaid. Responsible lending means we check that new borrowing genuinely fits the business at the time you ask.
Credicorp lends only to UK limited companies and LLPs for business purposes.
See also: How redrawing works on a Credicorp Flex facility, Can I apply for a second loan while still repaying the first?, How repaying Flex frees up your limit again.