Flexible, convenient & cost-effective.
Premium Funding allows you to pay insurance premiums in affordable monthly payments instead of one lump sum for the whole year. The main benefit for your business is simple: “cash flow.”
Imagine if we had to pay our tax in one lump sum each year. It certainly would be a massive burden for many Australians to fork out a large sum of money at the end of the financial year.
The same goes with Insurance, however unlike tax payments, insurance premiums are more often than not arranged to be paid once a year. Well, it doesn’t have to be that way. That’s where Premium Funding comes in.
Why choose premium funding.
Ease of Cash Flow
Premium funding can allow you to retain working capital in your business. Avoiding the up-front payment enables you to afford the right level of cover.
Additional Line of Credit
Offered through a flexible, non-bank lender, the interest rate is fixed for the term of the loan providing you with certainty. Endorsements can easily be included on an existing loan.
Easy Application Process
It’s easy to apply for premium funding; Commercial and Domestic premiums can be funded. As an additional bonus, interest charges are usually tax deductible.
Get in touch.
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