# Credicorp Flex facility cost calculator

Work out the cost of a single Credicorp Flex drawing and the minimum payment due each 14-day cycle. Runs entirely in your browser.

**[→ Open a Flex facility at credicorp.co.uk](https://credicorp.co.uk/business-credit-facility/)**

Creditcorp is the growing name for the Credicorp group. Credicorp Limited is the operating lender.

## Inputs

- **Amount drawn** — £50 to £500.
- **Days drawn** — how long since the drawing was made.

## How the calculation works

- **Daily interest** — 0.25% a day on the drawn balance only. Undrawn credit costs nothing.
- **First-drawdown fee** — £5, charged once on the first drawing from a facility.
- **14-day cycle** — the minimum payment (10% of drawn balance or £20, whichever is greater) is due every 14 days.
- **100% cost cap** — the total cost per drawing can never exceed 100% of the amount drawn.

Formula:

```
interest           = drawn × 0.0025 × days
fee                = £5  // on first drawing only
total_cost         = min(interest + fee, drawn)
minimum_payment    = max(drawn × 0.10, 20)
```

## Who can use Flex?

UK incorporated companies only. The company draws, repays, and redraws as often as needed within the facility limit. No personal guarantee, no charge over the director's home.

## Links

- [What a revolving credit facility is](/learn/what-a-revolving-credit-facility-is/)
- [A loan or a facility — how to choose](/learn/a-loan-or-a-facility/)
- [Open a Flex facility at credicorp.co.uk](https://credicorp.co.uk/business-credit-facility/)