Companies whose income arrives in a weekly rhythm — retail takings, trades paid per job — sometimes find weekly repayments easier to manage than one larger monthly collection. Whether you can change frequency depends on your facility, so it is worth asking.
Frequency is part of the schedule
Your repayment frequency — weekly, fortnightly or monthly — is set out in your agreement. Some facilities offer a choice at the outset; changing it mid-term is a change to the schedule, which we can sometimes accommodate. Contact us to ask what your facility allows.
What changing frequency does and does not change
Moving from monthly to weekly spreads the same total across smaller, more frequent collections — it changes the rhythm, not the total you owe or the rate in your offer. On an interest-bearing facility the timing of when the balance reduces can shift slightly. We will explain any effect before confirming a change, as with a payment date change.
Fitting payments to your cash flow
If the real issue is that a single monthly collection lands at an awkward time, changing the date may solve it without changing frequency — see can I change my payment date and setting up a payment schedule. Either way, line collections up with your reliable cash-in days.
Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.
See also: Setting up a payment schedule, Can I change my payment date?, When is my payment due?.