Fees & charges

Does requesting a settlement figure cost anything?

If you want to clear your facility early, you need a settlement figure — the exact amount to close it on a given day. Asking for that figure is part of the normal servicing of your loan.

The quote itself

Requesting a settlement figure is a standard request. See requesting a settlement figure and how to get an early settlement figure. The figure tells you what it costs to settle — which is a different question from whether the quote costs anything.

What settling might cost or save

The more important question is usually whether settling early saves money overall, and whether any early-settlement charge applies. On an interest-bearing facility, settling early typically reduces the total interest. See does early settlement save money, the early-settlement charge explained and is there a penalty for early repayment.

Check your agreement

Your agreement sets out any settlement charge for your facility. See what fees could apply to my facility.

Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.

See also: Requesting a settlement figure, Does early settlement save money?, The early-settlement charge explained.

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