If you have property or your life insured, you may access our Insurance Premium Finance to pay insurance premiums
Requirements
- 6 months active account.
- Deposit of 3 months premiums.
- Insurance policy rights ceded to the Bank.
- Audited accounts, management accounts, 12 months cash flow projections
- Memorandum/Articles of Association and Board Resolution to borrow
Facility amount
- As per Insurer’s invoice.
Purpose
- Payment of insurance premiums.
Interest rate
- Base Rate + Risk-Based margin
Term
- 9 months
Characteristics
- Interest repayment on reducing balance basis.
Benefits
- Flexible collateral.
- Can obtain parallel loans if you have an excellent credit record.