Insurance Premium Funding

Insurance Premium Funding is a short term loan that will enable your business to pay its annual insurance premiums in easy to manage monthly instalments.

 

Features:

  • Minimum Loan Amount - K5, 000
    • No Maximum Loan amount
  • Term - up to 9 months
  • Repayment - Monthly instalments paid in advance
  • Rate - Competitive rate fixed for the term of the loan

 

Benefits:

  • Retain Capital - Save capital to grow your business
  • Smooth Cash Flow - ease cash flow for business operations
  • Safety net - protect your business operations from increased affordability of insurance premiums
  • Cash flow certainty - Fixed monthly instalments over the course of your insurance
  • Convenient - Able to pay multiple insurance policies with one easy monthly payment
  • Tax Savings - Interest repayments are tax deductible
  • Fixed interest rate - protects against changing interest rate
  • Simple - Renew or add new policy with no need for additional paperwork. Only copy of premium notice is required
  • Affordable - No ongoing loan service fee

 

For more information:

  • Speak with your Relationship Manager or call BSP Corporate Banking on (+675) 305 6500 / 305 6600 or email: corporatereferrals@bsp.com.pg
  • Contact our Customer Service Centre on (+675) 320 1212 / 7030 1212 (Local - 24/7) or 305 7900 (International - 24/7) or email: servicebsp@bsp.com.pg

 

 *Terms and conditions apply.