Insurance Premium Finance

\"Salary

This product was designed specifically for insurance premiums for clients who wants to insure with Meanwood General insurance, this will cover insurance of motor vehicles,goods,property etc.
 

Procedure:


The normal loans procedure will apply,except in this case Meanwood Finance will pay directly to Meanwood General insurance and the client will start paying Meanwood Finance in monthly instalments.
The client will get a quotation from Meanwood General insurance and submit to Meanwood Finance for processing.

The requirements for this product are as follows:
  • Limit – This will vary according to the clients capability of paying
  • Tenor 1 to 12 months
  • Delivery Period; 48 hrs
  • Security – No security required
  • Sector; applicants should be in formal or informal sector.
  • Upon approval client will be required to pay a balloon payment (two installments) up front and the balance to be paid in the agreed installments.