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Man Doing Paperwork To Arrange Insurance Premium Funding
Man Doing Paperwork To Arrange Insurance Premium Funding

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

Insurance Premium Funding Delivers Improved Cashflow
  • Insurance premiums spread evenly over the term of the facility
  • Assists both planning and managing cashflow
Insurance Premium Funding Is Affordable
  • Highly competitive fixed interest rate
  • Flexible repayment options, monthly, bi-monthly or quarterly
  • Provides peace of mind at an affordable price
Simplicity
  • Fast simple application process!
  • Financials may be required for loans exceeding $250,000
  • One facility to cover all insurance premiums
  • Combines multiple, commercial policies into one fixed monthly payment
  • In most instances the loan is secured by the policies financed – no additional security is required!
  • Frees up business and personal assets for other uses
  • Directors Guarantees may be required for larger borrowings
  • Interest paid on facility may be tax deductible

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

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