Had a good month? You can put a lump sum toward your balance whenever you like, separate from your regular collection. Because interest is simple and runs only on what you owe, paying down early means you pay less overall.
How to do it
- Go to Payments > Make a payment in the portal.
- Enter the amount and confirm the paying account.
- Submit — you’ll get a confirmation, and the payment reduces your balance.
What it does to your schedule
An overpayment reduces the balance interest is charged on. On Flex, it lowers what you owe and frees up headroom to redraw later. On Slice, ask whether you’d like it to shorten the term or reduce future payments. There’s no penalty for overpaying with Credicorp — paying ahead simply saves you interest.
Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.
See also: Can I make a one-off extra payment without changing my Direct Debit?, Does an overpayment reduce my payment or term?, Can I pay extra towards my balance?.