Credicorp offers two products, Flex and Slice, and they are built differently. That means the most natural way to ease payment difficulty can differ depending on which one your company holds. The underlying principle is the same: tell us early and we will find a workable plan.
If you hold Credicorp Flex
Flex is a more revolving, drawdown-based facility. Because of how drawings and repayments interact, easing pressure often involves looking at your drawing activity alongside your repayment schedule. We can discuss pausing or reducing repayments and how that interacts with what you have drawn.
If you hold Credicorp Slice
Slice follows a more structured repayment shape over your agreed term. Here, forbearance tends to focus on the schedule itself, for example a short payment holiday, a reduced-payment period, or rescheduling the remaining balance across the term.
What is common to both
- Early contact gives the widest set of options.
- We assess affordability and the likely duration of the difficulty.
- We explain any effect on your balance, the rate shown in your offer, and your term before agreeing.
You do not need to know the mechanics in advance. Just tell us which product you hold and what your company is facing, and we will explain how support works for that product. Both are business facilities for limited companies and LLPs, outside the consumer-credit regime.
See also: What forbearance options are available for business borrowers?, The difference between a payment holiday and a reduced-payment plan, Why contacting us early about cash-flow pressure helps your company.