This product enables applicants to spread the burden of financing their insurance premium obligations.

Main Features

• The bank makes payments directly to insurance company.
  
• Interest is charged on flat rate.
  
• The insurance company must be approved by the bank.
  

Advantages

• No security required for the loan
  
• Applicant gets immediate insurance cover
  
• Competitive Interest Rate
  
• Repayment may be made by post dated cheques, standing orders or direct debits, so the customer does not need to have an account with the bank.
  
• The customer has the option of repaying the loan in a shorter period of time and at a lower interest rate.