Insurance Premium Finance One Simple Payment
Insurance Premium Finance allows businesses to pay their insurance premiums in easy monthly instalments.
It is a low-cost way businesses can smooth out their cash flow and replace large and/or irregular insurance premiums with one simple monthly payment.
The interest rate is fixed, and the loans are typically repaid over 10 to 12 months. In most instances, the loan will be secured by the policies financed.
Premiums are highly affordable, and the finance application process is simple and fast!
What Can Be Financed?
We provide financing for a range of insurance types, including:
Workcover
General Business Insurance
Public Liability
Professional Indemnity Insurance
Commercial Property Insurance
Product Insurance
Plant & Equipment Insurance
Motor Vehicle Fleets Insurance
Motor Vehicle Registration & CTP
Plus More..
Finance is available for both cancellable and non-cancellable policies, with financials required for loans exceeding $250,000.
Commercial Insurance Premium Finance Benefits
Benefits of Insurance Premium Finance
Improved Cashflow
Evenly spread premiums over the facility term, avoiding irregular payments for easier planning and budgeting.
Affordable
Competitive fixed interest rates and flexible repayment options (monthly, bi-monthly, or quarterly) provide peace of mind at an affordable cost.
Simplicity
A fast and simple application process covers all insurance premiums, combining multiple commercial policies into one fixed monthly payment.
Security
Loans are typically secured by the financed policies, freeing up other business and personal assets. Director’s guarantees may be required for larger borrowings.
Tax Deductibility: Interest paid on the loan may be tax-deductible.
Premium Calculation and Additional Finance Options
Interest is calculated as simple interest, facilitating straightforward repayment calculations. Terms can range from 3 to 12 months, with a fixed interest rate for the facility term.
More than Insurance Premium Finance
If you need finance for more than Commercial Insurance Premium Finance, talk to The 500 Group.
We specialise in arranging finance for business owners including:
- Business Finance
- Equipment and Motor Vehicle Finance
- Home and Investment Finance
We save our clients time by offering a “one stop shop” for all their financing needs.
Our team look after the finance, so you can focus on running and growing your business.
If you would like a quote for Insurance Premium Finance, or learn more about The 500 Group, don’t hesitate to get in touch.
