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More than just home loans

Insurance Premium Finance (IPF)

Cash (165 x 109)

IPF is a method of short term lending that allows business customers to finance the cost of annual business insurance premiums. Large premiums ( minimum $5,000 - no upper limit) can be spread over 6 - 12 instalments to suit cashflow.

Advantages of IPF

  • Improve cashflow and save own funds for critical business opportunities & growth.
  • Preserve your existing financial arrangements - generally no additional security is required.
  • Competitive rates with no hidden costs. (Rates are dependent on loan value).
  • Interest paid may be tax deductible.
  • Simple & convenient application process.

Types of polices that can be funded by IPF

  • General business insurance (full range of policies covered)
  • Professional Indemnity
  • WorkCover & Workers Compensation - either the full amount or a combination of instalments
  • Public Liability Premiums
  • Motor Fleet policies

Credit Criteria

Credit acceptance criteria will vary with the lender - however as a general guideline the following  criterai apply for the premium funded.

Premium Funded             Indicative Criteria (further information)

  • $5,000 - $75,000         No adverse credit history
  • $75,000 - $250,000     As above, satisfactory operating cash flow surplus
  • $250,000 - $500,000   As above, Directors guarantees, Insurer approval
  • $500,000 plus              No adverse credit, full credit assessment, Directors guanatees, insurer approval