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Insurance Premium Finance
Insurance Premium Finance
Insurance Premium Finance
Insurance premium funding (or finance) is a short-term lending arrangement, that allows you to spread your business insurance payments over a term, ranging between 6 to 12 months.
It is a fixed rate loan made to a business to finance the cost of the premiums on certain types of business insurance Including:
- General business Insurance premiums.
- Vehicle fleet policies including registration fees and CTP insurances.
- Public liability Premiums.
- Professional indemnity.
- WorkCover.
What are the benefits of Insurance Premium Funding?
- Finance is generally available without tying up other business and personal assets.
- Competitive, fixed monthly instalments available.
- Deductions may be available on the interest paid.
It is available to businesses with a total insurance cost of $5,000 or more.Repayments are made in equal monthly instalments.Under normal circumstances, no security is required other than the insurance policy.
Finance Calculator
Loan Amount: $30,000
Loan Term: 6 years
Loan Interest: 10.0%
Repayment frequency:
Your repayments could be
$128 per week*
Total Amount Repayable
$39,923
This calculator has been developed as a guide only. It is for illustrative purposes and is based on the information you provided. No result from the use of this calculator should be considered a loan application or an offer of finance and it should not be relied upon to make a decision whether to apply for finance.
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