A settlement figure is the exact amount your company needs to pay to close a Credicorp facility in full on a given day. It is the figure to use when you want to clear your Flex or Slice facility rather than continue with scheduled payments.
Why it is not the same as your balance
Your statement balance is a snapshot. The amount actually needed to settle changes day to day, because interest accrues on what you owe and your balance can move — especially on Credicorp Flex, where draws and repayments shift the figure. A settlement figure is calculated to a specific date so it is precise.
Key features
- It is valid only up to a stated date — pay after that date and the figure may be slightly different.
- It includes everything needed to close the account, so paying it leaves nothing outstanding.
- It reflects the rate shown in your offer and any charges set out in your agreement, with no surprise costs added.
How to use it
Request a settlement figure from us, then pay it by the method we confirm — usually bank transfer with your statement reference — before the date it is valid to. Once we receive it, we close the facility and confirm in writing. Cancel any Direct Debit only after we confirm there is nothing left to collect.
See also: How do I request a settlement figure?, How does early settlement work?, Can my company settle the facility early?.