What is Premium Funding?
Commercial insurance
Domestic insurance
Workers compensation
Commercial and Domestic funding - what’s the difference?
Commercial Insurance Premium Funding
Covers insurance policies taken out for businesses for commercial purposes. There are many types of insurance a business might require, such as public liability, professional indemnity, management liability and contents insurance.
Domestic Insurance Premium Funding
Covers insurance policies taken out for individuals or households for domestic purposes. These include home, contents, fire, flood, car, health and life insurance.
The Benefits of Premium Funding
Frees up your cash flow, allowing you to use it elsewhere
Easy quoting and fast approvals
Multiple repayment options incl. monthly, quarterly, biannually or fortnightly
Repayment options (Credit card, direct debit and BPay - AU or direct debit - NZ)
Ability to debit from multiple bank acc
Combine multiple policies into one, simple instalment
Fixed interest rate for the term of the loan, providing cash flow certainty.
Interest charges can be tax deductible
Additional security not required as the insurance policy acts as the security
No impact on existing lines of credit or finance facilities currently in place