You should never have to wonder what a facility costs. Your account and documents lay it out in full, and because the terms are fixed up front, there’s nothing hidden to uncover.
Where the figures live
- Your Key Information Sheet sets out the total cost and the schedule at a glance.
- Your statements show interest charged each period.
- Your agreement spells out any charge that could ever apply and when.
What to expect
The cost of a Credicorp facility is primarily simple interest on what you borrow, fixed at the outset — no compounding surprises. There’s no penalty for settling early. If any other charge could apply in a specific situation, it’s stated in your agreement, so you can see it before it ever arises. If a charge on a statement isn’t clear, raise a query and we’ll explain it against your agreement.
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: Understanding the charges shown on your statement, How to understand the interest on your statement, What the Key Information Sheet shows.