By using the Premium Credit plan to pay insurance premium, you avoid having to make lump-sum payments.
This preservation of capital gives you greater control of your cash flow, preserves credit lines and improves your balance sheet.
Multiple policies can be placed on one finance arrangement providing a single payment plan.
Likewise, multiple insurers can be accommodated in the same way.
Your annual percentage rate stays the same for the duration of the premium finance plan.
The premium on monthly policies or monthly payments to insurers can go up at anytime without prior notice.
Premium Credit is a product designed to assist the ensuring public to pay their annual premium upfront without the burden of having to make huge lump-sum payments. In this way, one can have insurance cover in place, and the luxury of making structured affordable monthly payments without incurring cash flow difficulties.
Remember, you will only receive messages for transactions on accounts that belong to you. If you access an account via a link or mandate, this service will not apply.
We have the authority to cancel the financed insurance policy in the event that the insured defaults in making scheduled payments.
This is the beauty of Premium Credit that the security is the unexpired premium that can be claimed back in the event of non-payment by the insured.
Premium Credit offers an option to repay the loan advanced in monthly installments over a period of 10 to 12 months.
The method of payment is strictly by debit order. You pay back a monthly fixed premium, convenientlydeducted via direct debit.
The policy can be reinstated where the insurer has not yet refunded the unexpired premium to you, otherwise we will enter into a new agreement.
Backed by the financial strength of First National Bank Botswana Limited, Insurance Premium Financing is available to the insuring public and not only to existing clients of the bank.
Premium Credit offers you the luxury of making structured, affordable monthly payments without incurring cash flow difficulties.
What this is
Premium Credit is a product designed to assist the ensuring public to pay their annual premium upfront without the burden of having to make huge lump-sum payments.
What's hot
Your annual percentage rate stays the same for the duration of the premium finance plan.
Read More
By using the Premium Credit plan to pay your insurance premium, you avoid having to make lump-sum payments.
Read More
Multiple policies can be placed on one finance arrangement providing a single payment plan.
Read More
Your annual percentage rate stays the same for the duration of the premium finance plan.
Read More
By using the Premium Credit plan to pay your insurance premium, you avoid having to make lump-sum payments.
Read More
Multiple policies can be placed on one finance arrangement providing a single payment plan.
Read More
Your annual percentage rate stays the same for the duration of the premium finance plan.
Read MoreGetting it made easy
