What the video covers
- What Flex is (0:00–0:50) — a revolving credit facility with an agreed limit: draw what you need, repay it, and draw again — unlike a term loan, the limit does not reduce with each use.
- How interest accrues (0:50–1:40) — 0.25% per day on the outstanding balance. Interest only accrues on what you have drawn; if the balance is zero, no interest is charged.
- Making a drawdown (1:40–2:20) — requesting a draw from the portal, the amount limits within your facility, and how quickly funds arrive.
- Repaying your balance (2:20–3:05) — how repayments reduce the balance, stop interest on the repaid amount, and restore available credit.
- Requesting a higher limit (3:05–3:45) — when and how to request a top-up on your Flex limit, and what factors the decision is based on.
- Statements and tracking (3:45–4:10) — how to read your monthly Flex statement and track accrued interest.
See also: What is Credicorp Flex and how does it accrue?, Flex vs term loan — which suits your company?, Video guide: how to raise a complaint with Credicorp.