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Credicorp Flex facility cost.
Flex is a revolving facility: you pay interest only on the balance you have drawn, for the days you hold it. Set a drawing and a holding period to see the cost and the minimum due each cycle. An illustration, not a quote.
- Interest (0.25%/day on drawn balance)—
- Establishment fee—
- Total cost of credit—
- Minimum per 14-day cycle—
- Total to repay—
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Interest is 0.25% per day on the drawn balance only. The £5 establishment fee applies once, on the first drawdown. The minimum payment each 14-day cycle is the greater of 10% of the drawn balance or £20. Every drawing is capped at 100% of the amount drawn.
When Flex beats a fixed loan
A Flex facility suits uneven, recurring needs — you draw what you need, repay it, and draw again, paying only for what you use. A Business Bridging Loan suits a single known sum for a fixed period. If your need is one-off, the Bridging Loan calculator is the better tool; the revolving facilities guide sets out the difference in full.