Insurance premium funding
Simple and affordable insurance premium payments
Premium funding is a short term loan that allows you to pay your insurance premiums and associated charges by monthly direct debit over an agreed period (typically 6-12 months).
The benefits of premium funding are:
| 1. | Smooths business cashflow by paying your insurance premiums in instalments |
| 2. | Fast, simple application process - you typically get approval within 24 hours |
| 3. | Ability to make additions to existing loans or renew policies without the need for additional paperwork |
| 4. | Flexibility of structuring the loan including upfront deposit, split settlements and payment options |
| 5. | Interest rates are fixed so you are protected from interest rate fluctuations |
| 6. | No ongoing loan service fees |
| 7. | Interest charges on premium funding transactions are generally tax deducible |
| 8. | No additional security or company charges required |
| 9. | Retain working capital within your business |
| 10. | Payment via direct debit from your bank account or credit card |
For more information about our offering visit our insurance broking pages or talk to your insurance broker.*
Read the MRB Credit Guide.
Interest rates
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