Imperial bank gives the customer a loan against their insurance premium and pay the proceed directly to the insurer, the customer then conveniently pays the installments to the bank for up to a maximum of ten installments.
- Minimum amount: Kshs.75, 000 no maximum amount.
- Repayment period: 4 months minimum and a maximum of 10 months
- Interest rate charged as per attached table subject to a minimum interest of Kshs.6,000
- Processing fee: Nil
- Insurance Premium Finance Agreement form duly completed by the customer.
- Post dated cheques or a standing order instruction.
- Convenient and simple documentation
- Quick processing time(3 days)
- Fixed interest rates
- Competitive pricing
Insurance premium financing only applies for annual insurance contracts.
Attached List of insurance company’s acceptable to us for Insurance Premium Financing.