How does Credicorp Flex work?

Credicorp Flex is our revolving credit facility for UK limited companies. It works like a business overdraft, but with explicit terms and a per-drawing cost cap. Here is the short version:

• You agree a credit limit with us (typically £500-£5,000 on the standard tier, more on the higher tier).
• You draw any amount up to your remaining limit, any time, from the portal.
• Interest accrues daily on the drawn balance only — the unused portion of your limit costs you nothing.
• You pay back at the agreed minimum each month, plus any extra you choose.
• Once a drawing is fully repaid, that part of the limit is free to draw again.
• The total cost of any single drawing is capped at 100% of the drawn amount.

It is designed for companies whose cashflow is unpredictable — seasonal, project-driven, or with periodic supplier-deposit cycles. For a full walkthrough of how a drawing works day by day, see our Inside Credicorp Flex guide. To talk through whether a one-time loan or Flex fits better for your shape, the business loans calculator compares both.