Credicorp Flex is a revolving facility, so interest works a little differently from a one-time loan. The key idea is simple and worth knowing before you draw: you pay for what you use, not for the limit you hold. Here is how the charging works.
You are charged on the drawn balance only
Interest accrues only on the amount you have actually drawn down, and it accrues daily on that outstanding balance. The unused portion of your agreed limit costs you nothing — having a larger limit available does not cost more until you use it. As you pay a drawing down, the balance interest is calculated on falls, so the daily interest falls with it.
A one-off fee on first drawing
There is a single, one-off establishment fee on your first drawing from the facility, shown to you before you confirm. It is a one-time charge for opening the facility, not a recurring or monthly fee. After that, the cost is the daily interest on whatever you have drawn.
The 100% cap applies per drawing
The total cost of any single drawing is capped at 100% of that drawing — you will never pay more than double what you drew on any one drawing. The cap is applied per drawing, so it protects each amount you take in turn.
The facility stays open as you repay
Because Flex revolves, repaying a drawing frees that part of your limit to use again, and the facility itself stays open with no maintenance charge for simply holding it — see can I pay off a Flex drawing early and whether clearing a drawing closes the facility. Paying a drawing off early stops its interest the same day, since interest is charged only for the days the balance is actually held.
Seeing the exact figures
This article describes how interest is charged, not the rate — your actual daily rate, any fee and your limit are shown in your customer portal and on your agreement before you commit, so you always see the real numbers for your facility first. To understand how the limit is set and increased, see how your Flex limit is set and raised, and for the minimum you pay each cycle, how the Flex minimum payment is calculated. To compare a reusable line against a one-time loan for your cash flow, the business loans page shows both.