Insurance Premium Financing
Whether it's a fleet of cars, your business premises or even home, we will finance your insurance premiums and allow you to repay in affordable monthly premiums.
Features
- Purpose - to facilitate the financing of insurance premiums
- Currency - LCY / FCY
- Security - Tripartite agreement duly signed by insured, the insurer and the bank
- Repayment period (loan period) - maximum of 48 months
- Interest rate - prevailing market rate
- Minimum IPF amount - Kshs 20,000
Requirements
- Individuals / sole proprietors / partnerships
- National identity card / passport / KRA PIN certificate of individual borrowers - 'original and copy'
- Certificate of registration (if proprietor or partnership) / business PIN
- First current cheque /installment
- Post-dated cheques
- Companies
- National identity card / passport / KRA PIN certificate of borrowers - 'original and copy'
- Certificate of incorporation / business PIN
- First current cheque
- Post-dated cheques
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