Drawing down from your Credicorp Flex facility is designed to be a 30-second action. Here is what happens:
- Sign in. Go to the customer portal and sign in to your account
- Open the Flex panel. It shows your agreed limit, current drawn balance, and remaining headroom
- Enter the amount. Type any £ value up to your remaining headroom — the drawing tool shows the projected interest cost over a few illustrative repayment timescales so you can see what the drawing will cost
- Confirm. We run a quick eligibility check (limit still in date, no holds on the account) and issue the drawing
- Receive funds. Funds arrive in your nominated business bank account by Faster Payments, typically within 90 seconds — occasionally up to two hours during a bank's processing window
You get a confirmation email plus a portal entry showing the drawing date, amount and projected minimum payment date. Interest starts accruing the day after the drawing lands.
For the mechanics of how Flex works day-to-day — minimum repayments, the per-drawing cost cap, and early repayment — see how Credicorp Flex works and whether clearing a drawing closes the facility. Comparing Flex to a one-off loan? See Flex vs a one-off Business Loan. If you need help with a specific drawing, get in touch.
See also: Can my company use Flex and Slice together?, Can I leave my Flex facility open but unused?, Can I have several Flex drawings running at the same time?.