A late payment charge is a fee a lender may apply when a scheduled payment is not made by its due date. The purpose is to reflect the cost and risk of a missed payment.
Where to find the detail
Whether a charge applies, and on what terms, is set out in your specific agreement. Always rely on your signed documents rather than general expectations.
How to avoid them
The simplest protection is to make payments on or before the due date and to keep us informed early if you anticipate a problem.
- It applies when a payment is late, per your terms.
- The detail is in your agreement, not assumptions.
- Talking to us early is better than missing quietly.
If you think a Credicorp Flex or Slice payment may be late, contact us before the due date. We would much rather discuss your options than apply a charge.
See also: How do late-payment charges work?, What happens if I miss a payment?, What is a grace period?.