Credicorp Slice lets your limited company spread the cost of one specific bill across three or four weekly instalments. Instead of paying a large invoice or supplier demand in one go, you pay a flat 6% fee and clear the balance in manageable weekly chunks.
The basic mechanics
You present the bill — an invoice, a tax demand, a renewal premium, or a similar business obligation. Credicorp settles it on your behalf on the due date. You then repay Credicorp in three or four equal weekly instalments, with the total cost being the original bill amount plus the flat 6% fee. There is no daily interest, no compounding, and no early-repayment penalty if you clear the balance ahead of schedule.
What the flat fee covers
The 6% fee is the only charge. It is calculated once on the full bill amount and does not change regardless of which instalment schedule you choose. If, for example, your bill is £5,000, the fee is £300, making the total amount repaid £5,300 spread over the agreed weekly payments. These are illustrative figures — your actual quote will reflect your company's circumstances.
Who can use Slice
Slice is available to UK limited companies and LLPs. You apply per bill, and each Slice is a standalone facility tied to that specific obligation. You can make more than one Slice application if you have separate bills to manage.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: What bills can Credicorp Slice cover?, How is the flat 6% fee calculated on a Slice?.