Overpaying reduces your balance and the interest that accrues — but a business's cash needs can change, and directors sometimes ask whether an overpayment can be pulled back if the company later needs the money.
An overpayment is applied, not held
Once an overpayment reduces your balance, it has been applied to the loan — it is not a savings pot you can dip back into on demand. That is worth bearing in mind before overpaying: only put in money the company genuinely will not need. See how overpayments are applied.
If it was a genuine mistake
If the overpayment was an error — wrong amount, paid twice — we can refund the surplus to your business account. See paying the wrong amount and how refunds of overpayments work.
If you have a Flex facility
On a revolving Credicorp Flex line, repaying frees up headroom you can draw on again if you need to — which is different from a term loan where an overpayment simply reduces the debt. See Flex and Slice payment differences. If the company is short of cash generally, talk to us rather than trying to unwind an overpayment — see my business cash flow is tight this month.
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: How overpayments are applied, How refunds of overpayments work, Making a partial overpayment.