Insurance Premium Funding - One Simple Payment!
Insurance Premium Funding enables businesses to pay their insurance premiums is easy monthly instalments.
It is used by businesses to reduce the impact of large, or irregular insurance premiums by providing one simple monthly payment.
The facilities are fixed interest rate and typically repaid over 10 to 12 months.
Premiums are highly affordable, and the finance application process is simple and fast!
What can be funded using Insurance Premium Finance?
Insurance Premium Finance can be used for most types of business insurance 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 and CTP
Plus more……..
In most instances, if you have business related insurance, the premiums can be financed using Insurance Premium Funding.
Benefits of Insurance Premium Funding
How are Monthly Premiums Calculated?
Interest applied to a Premium Funding Contract is generally calculated as ‘simple interest’ which means that it does not compound. This makes the repayment calculation very straightforward.
Although the specific method can differ from one premium funding Lender to the next, the approach is generally consistent.
With flexible repayments terms can be between 3 months and 12 months.
The interest rate is fixed for the term of the facility.
Insurance Premium funding is available for both cancellable and non-cancellable policies.
Summary
Insurance Premium Funding is a low-cost way business’ can simplify their insurance premium payments and smooth out their cashflow.
The application process is straight forward and rates available through our panel of speciality Lenders are highly attractive.
If you would like to learn more or to seek a quote, call me on 0433 210 353