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Your Credicorp Flex limit is set during the application process, from the same affordability assessment that decides a one-time loan. The opening limit is typically the lower of (a) our policy maximum for the tier or (b) roughly 30% of the company's average monthly trading inflow.
What triggers a review
- Repayment history. Six months of clean Flex usage (drawings repaid on or before their minimum-payment dates) automatically flags your account for a review.
- Trading-inflow growth. If your open-banking-linked bank statements show sustained trading growth (greater than 15% over 6 months), the affordability model recalculates a potential new limit.
- Customer request. You can request a review any time from the portal — "Request a limit review" in the Flex panel. No fee, no commitment.
How a request is reviewed
We look at three things: your repayment history on the existing limit, your current open-banking-linked bank-statement inflow (with your consent), and your overall affordability ratio (Flex + any one-time Credicorp loans + reported business borrowing elsewhere). The new limit must still sit within ~30% of average monthly trading inflow.
Most reviews complete within 2-3 working days. If you carry a vulnerability flag, the request is routed to a manual reviewer who reads the full picture.
Setting your own ceiling
From the portal you can set a PERSONAL limit lower than your agreed facility — useful if you want a self-imposed ceiling. The personal cap is a binding limit on drawings; you can adjust it any time.
For the full responsible-lending angle: setting and raising your Flex limit responsibly. To talk through your specific situation, contact us.