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 installments.
Features:
- Minimum Loan Amount - K5, 000
- No Maximum Loan amount
- Term - up to 9 months
- Repayment - Monthly installments 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 installments 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.