Looking for a cost-effective way of financing your insurance premiums? There are a variety of reasons why you might want to do so. The Insurance Premium Finance (IPF) is a product that enables you finance your premiums and in return you get a flexible period within which to repay the loan.
You might need this type of financing especially in cases where the insurance company may need a large initial upfront payment. It can also eliminate the need for you to liquidate other assets to cover the cost of your insurance.
Our IPF has exciting features that include; quick processing and disbursement, financing of insurance premiums without tangible securities required, the facility is payable in 3, 6 or 9 monthly instalments, there is no maximum on the amount to be funded whereas the minimum is 300,000 Rwf .
Basic Application Requirements
- Insurance policy details
- Irrevocable undertaking by the insurance company to refund unused premiums in case the Bank cancels the policy.
- Copy of the statutory documents (Statutes/Memorandum of Association and Articles of Association, Certificate of registration or a copy of identity card for individuals)
- Tax clearance certificate from the RRA no more than three months old