Repaying your facility in full is good news, and it doesn't mean your account is closed automatically. Your account stays in place so you can access your history and, if you wish, borrow again in future.
What happens after final repayment
- Your balance shows as settled once the final payment clears
- You'll receive confirmation that the facility has been repaid
- Your statements, agreement and documents remain available to download
Your account stays open
Keeping the account open means your records are there when you need them for bookkeeping, audits or year-end, and it makes any future application simpler because your business is already set up with us. There's no obligation to borrow again, and an open account with a settled balance costs you nothing.
If you want to close it
If you'd prefer to close the account once everything is settled, you can ask us to do so. Before you close it, download any documents you want to keep, because access ends when the account is closed. Our support team can confirm there's nothing outstanding and guide you through it.
See also: How do I close my Credicorp account?, What happens to my data after I close my account?, How do I update the authorised signatory on the account?.