The maturity date is the point at which a loan or finance facility reaches the end of its term and is due to be fully repaid, or formally reviewed. It marks the natural end of the agreement.
Why it matters
Knowing the maturity date helps you plan ahead. It tells you when the arrangement concludes and by when any remaining balance is expected to be cleared, according to your agreed schedule.
What happens around it
As maturity approaches, it is sensible to check your balance and think about your next steps well in advance rather than at the last moment.
- It is the agreed end point of the facility.
- It supports forward planning.
- Your agreement sets out the exact date.
For your Credicorp Flex or Slice facility, the relevant dates are set out in your agreement and statements. If anything is unclear, ask us and we will walk you through your schedule.
See also: Preparing for the end of your facility, What is a non-status loan? and What is insolvency?.