Insurance Premium Financing

Product FeaturesDocumentationWhy Choose Imperial bank?
asset-financeThis product is targeted to all customers who wish to breakdown the burden of paying all their insurance premiums once every year into monthly and convenient installments.

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.

Product Features

  • 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
  1. Insurance Premium Finance Agreement form duly completed by the customer.
  2. Post dated cheques or a standing order instruction.
  • Convenient and simple documentation
  • Quick processing time(3 days)
  • Fixed interest rates
  • Competitive pricing

Note

Insurance premium financing only applies for annual insurance contracts.

Attached List of insurance company’s acceptable to us for Insurance Premium Financing.

IPF Process
IPF rates Table November2013
List Of companies acceptable for IPF
Banc assurance/ Asset Finance Panel

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