When your company overpays, there are generally two ways the benefit can show up: a lower future scheduled payment, or the same payment with the facility cleared sooner. The right choice depends on what your business is trying to achieve.
Lower the payment
If your priority is freeing up monthly cash, applying an overpayment to reduce future scheduled amounts eases the pressure on each cycle. The facility still runs to around its original end point, but each collection is smaller.
Shorten the term
If your priority is paying less overall, keeping the scheduled payment the same and letting the overpayment bring forward the final payment usually reduces the total interest, because the balance falls faster.
How to choose
- Tell us your preference when you make the overpayment — do not assume a default.
- For Credicorp Flex, an overpayment reduces the drawn balance and your next collection is recalculated, so the effect shows up automatically in the next notified amount.
- For Credicorp Slice, we can apply the overpayment either way; just say which you want.
A quick check
Whichever you choose, your interest rate stays as shown in your offer — what changes is the balance it applies to and how long. If you are unsure which outcome suits your cash-flow plan, our support team can talk it through before you transfer.
See also: Making an extra or overpayment on your loan, Can my company make a partial overpayment? and What if my company can only pay part of this month's amount?.