The Insurance Premium Funding Product

 

Insurance premiums are most businesses largest annual payable expense – but there is a way to spread the cost.

How does it work?

Insurance Premium Funding has been available in Australia for over 20 years. This is a simple and effective method of paying for your annual insurance premiums, but on a monthly payment basis. Effectively, the funder pays your premiums to insurers upfront and charges you a monthly amount to repay the loan. This includes a fixed rate credit charge. It’s just like accessing an additional line of credit outside of your current banking lines.

And it’s simple:

  • No cumbersome loan documents
  • Simple one page application
  • Only minimal business details required
  • All organised by your broker on your behalf
  • Repay via direct debit, credit card or even EFT

    • Benefits of Using Centrepoint Alliance

    Pay by the month and you benefit from:

  • Improved cash flow through no large upfront payments
  • Additional line of credit without security
  • Low, fixed interest rate
  • No on-going service fees