Insurance Premium Financing
This product is designed to take the burden of insurance payments of our customers. It allows our customers to enjoy the benefit of insurance cover immediately, while they pay their premiums over a longer period at affordable rates.
Benefits of the product
- Easy application process
- Very Competitive pricing
- Quick response to applications
- No hidden charges
- Payments are made directly to the insurance company so as to ensure the insurance cover is issued immediately
- Flexible repayment of 4-10 equal monthly installments
- No security needed
- Eases up the liquidity strain that may be caused by lumpsum insurance premium payments
How does the Product work?
The bank will advance you a loan which you will pay in monthly installments and pay the premiums directly to your insurance company.