Insurance Premium Financing
IPF is a loan meant to ease the pressure of paying your insurance premiums. This product helps finance all types of insurance namely but not limited to Motor Comprehensive insurance, Health insurance, Home insurance, all Business insurances,Professional indemnity to Travel insurance.
Terms:
- Amount – As per the Premium less the Commitment amount
- Commitment amount – 20% of the Premium
- Tenor/Period – maximum of 10 months
- Turnaround time – within 2 hours
- Interest rate – Competitive
The convenience of this product is that it allows paying the Premium in instalments but enjoying the benefits immediately.