Yes — your company can repay a Credicorp facility in full before the end of your agreed term. Early settlement can make sense when cash flow allows, or when you no longer need the facility.
Get a settlement figure first
Do not simply transfer your remaining balance from your last statement. The exact amount owed changes day to day, so ask us for an up-to-date settlement figure that is valid to a stated date. This makes sure you pay neither too little, which would leave the account open, nor too much.
How early settlement works by product
- Credicorp Slice — request a settlement figure, then pay it by the method we confirm, usually bank transfer with your statement reference.
- Credicorp Flex — because the balance can vary with your draws and repayments, a same-day settlement figure is especially important. Tell us you intend to close the facility so no further draws are taken.
After settlement
Once we receive the full settlement amount, we close the facility and confirm it in writing. Cancel any Direct Debit only after we confirm there is nothing left to collect. The charges that apply to early settlement, if any, are those set out in your agreement — we will state the figure clearly when we quote your settlement, with no surprise costs added.
Before paying, read requesting a settlement figure, how early settlement works and whether there is a penalty for early repayment.
See also: Can I change the date my payment is taken?, Can I make a one-off extra payment without changing my Direct Debit?, Can I pay a Flex drawing from a different card or account?.