Insurance Premium Finance Loan
The Insurance Premium Finance Loans enables customers meet their Business Financial requirements as they pay back in manageable installments. It is specifically for financing Working capital requirements such as Insurance premiums. This Loan is for both individual Women & Men, businesses, companies, Institutions etc.
- Increase your working capital
- Payable in manageable installments
- Flexible loan period
- Loan size varies with your business requirement and collateral
- Under the overdraft facility The individuals and corporate current account holders are allowed to draw above their bank balance to ease their business cash flow needs.
- Allows Invoice/LPO discounting & contract financing
- Borrowers must be 18 years of age & above
- An account at FTB through which their loan will be disbursed and paid.
- Must have a legal business that has been in existence for at least 6 months.
- Registration to CRB is mandatory
- Sufficient collateral for the loan
- Spousal Consent for married customers where collateral used is land, buildings or chattels.
- One reputable guarantor