Because Credicorp Flex is a revolving facility you dip into more than once, it helps to understand how the charges appear. The principle is simple: you pay for what you draw, drawing by drawing, and your statement reflects that.
What you are charged on
Having a Flex limit available does not cost you anything in itself — interest applies only to the balance you have actually drawn. Interest is charged at the agreed daily rate on that drawn balance, so the more you pay down, the less interest accrues. See how interest is charged on a Flex facility.
The one-off fee
The equivalent of the establishment fee is charged once, on your first drawing — not every time you draw. After that, drawing down again does not add another set-up fee.
The 100% total-cost cap applies to each drawing on its own: the total cost of any single drawing can never exceed 100% of that drawing. So each line on your statement has its own knowable ceiling.
Reading your Flex statement
Your statement shows each drawing, what you have repaid against it, and the outstanding balance — much like a loan statement, but with more than one drawing in view. For how to read the layout, the same principles apply as in how to read your statement of account. To pay a drawing down faster, see paying off a Flex drawing early.
Every figure is shown before you draw. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.
See also: Can my company use Flex and Slice together?, Can I leave my Flex facility open but unused?, Can I have several Flex drawings running at the same time?.