Insurance Premium Finance (IPF)
Enable the society pay for the insurance premium for their assets.
- Used to assist societies to pay insurance premiums for their properties
- The IPF has a maximum period of 10 months.
- Interest rates vary from 1.75% to 5.30% per the period.
- The insurance premium should be payable to the insurance companies accredited by the bank.
- Application requirements includes:-
Registered borrowing powers.
- PIN certificates/ certificate of registration