If your company expects a short, predictable gap in cash flow, you can ask us about a payment holiday on a Credicorp Flex or Credicorp Slice facility. Whether one is available depends on your product, your agreement and the standing of your facility, so the first step is to raise it with us early.
How to request one
- Contact your account team before the affected payment date.
- Explain why you need the pause and how long you expect it to last.
- Confirm how your company plans to resume normal payments afterwards.
What a payment holiday involves
If agreed, your scheduled payments are paused or reduced for a defined period. Interest continues to be treated in line with your agreement during the pause, which generally means the total cost or the remaining schedule will reflect the paused period. We will set this out clearly before anything is confirmed so you can decide whether it works for your business.
If the gap is longer than expected
A payment holiday is intended for a temporary, planned situation. If your company is in genuine financial difficulty, ask us about forbearance instead, which is designed to support businesses facing a sustained problem.
Facilities are provided only to UK limited companies and LLPs for business purposes and sit outside the FCA consumer-credit regime.
See also: What happens when payments resume after a pause?, Can I pause payments if my company hits a cash-flow gap? and Does a payment holiday increase the total cost?.