Your borrowing needs change as your business changes, and Credicorp Flex is meant to flex with them. If you no longer need as much headroom, or you want to wind the facility down altogether, you can ask us to adjust or close it.
Lowering your limit
If you want a smaller limit, perhaps because your cash flow has stabilised, contact our support team. A lower limit can be a sensible way to keep a modest safety net without leaving more headroom available than the business needs.
Closing the facility
- Clear any outstanding drawings and charges so the balance is fully settled.
- Confirm with our team that you want the facility closed.
- We will let you know once it is closed and nothing further is owed.
Things to weigh first
Closing removes the option to draw again without reapplying later, so consider whether a reduced limit might serve you better than full closure. Check the terms in your offer for anything that applies on closure. Because Flex is business lending outside the consumer-credit regime, the usual consumer protections do not apply, so speak to us directly if any part of closing the facility is unclear.
See also: If I clear a Flex drawing, does the facility close?, Can I change my Slice instalment dates? and Can my company settle its arrears with a lump sum?.