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What’s Insurance Premium Finance?

Don't want all your cash flow spent on insurance? Insurance Premium Finance acts like a short-term loan that lets you spread annual insurance premiums across easy monthly instalments. Also called insurance premium funding, it may be a more affordable way to consolidate different business insurance premiums on one finance contract.


Take back control of your business cash flow

Quick approval

You may qualify for fast approval on your application.

Possible tax benefits

Monthly interest charges may be tax deductible.2

Business confidence

Get certainty with fixed monthly repayments.

Flexible and convenient

Choose the insurer1 and finance multiple policies at once. 


Is my business eligible for insurance premium finance?

Insurance Premium Finance is available to businesses with annual insurance costs from single or multiple policies of over $5,000. If the amount to be funded is:

  • Less than $350,000, in many cases, no additional security is required 
  • Over $350,000 a directors' guarantee may be required.

Accept your quote and you could get funded in just 4 days

Fast approval may apply for premiums from $5,000 to $350,000 if this year’s premium is no more than 125% of the last year's premium:

 

Step 1: Enquire

Contact us, then send last year’s and this year’s premiums.

Step 2: Quote

Receive a quote with a rate personalised to your business.

Step 3: Apply

Accept quote, then complete and return your application.

Step 4: Approve

Funds typically released within 48 hours of loan approval.

Ready to get started?

Enquire now

Leave your details and one of our finance specialists will get back to you within 1-2 business days.

OR

Call 1300 360 322

8am-8pm (Sydney time), Mon-Fri. Select option 1 to speak to a finance specialist.

How we calculate your personalised rate

Interest rates for Insurance Premium Finance are dependent on several factors, including:

  • Amount financed
  • Type of insurance
  • Finance term (6 to 12 months).

You'll need to pay an establishment fee, but no monthly account fees apply.

Our experienced team will give you a personalised quote using our competitive rates. Leave your details, and we’ll get in touch.


Frequently asked questions

You can still apply for Insurance Premium Finance. All it means is that you may have to provide us with additional information, including financial statements, for a more comprehensive assessment of your business finances.

Things you should know

1. You choose the insurer: some exclusions apply. Only Australian or United Kingdom licensed insurers / underwriters are acceptable.

2. Taxation considerations contained in this publication should not be interpreted or used as tax advice or a tax guide. Customers must seek their own independent tax advice in relation to their individual circumstances.

Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.

Find out what information you need to provide to become a customer.