As your Credicorp loan nears the end of its agreed term, the focus shifts to clearing the remaining balance cleanly. Knowing what to expect in the final stretch helps you avoid surprises and plan the last few payments.
The run-up to the final payment
In the closing period, your repayments continue as scheduled, steadily reducing the outstanding capital to zero by the end of the term. Your dashboard shows the falling balance, and your statement records each payment as it is applied.
- Repayments continue on schedule
- The balance reduces towards zero
- The final payment clears any remaining capital and accrued interest
Checking the final figure
Because interest accrues on the capital still outstanding, the exact final amount is best confirmed close to the end. If you want to clear it ahead of the last scheduled date, ask us for a settlement figure rather than estimating.
After the last payment
Once the balance reaches zero, the facility is treated as repaid. For what comes next, see our guidance on what happens when your loan is fully repaid. With Credicorp Flex, reaching the end of a term works differently from a fixed Slice advance, so check the terms that apply to your facility.
We lend only to UK limited companies and LLPs.
See also: What happens at the end of a Flex term, What is a loan term and how is mine set?, What actually happens if my company misses a Credicorp repayment?.