Insurance Premium Loan

This loan product is used to finance insurance premiums especially for motor vehicles, buildings,medical,life and other insurance covers to help you in times of needs.

Loan Features

  • We fund up to 100% of the annual premium.
  • The repayment period is a maximum of 6 months.
  • Flexible loan security requirements.
  • Premium paid directly to the insurance company.
  • Very attractive interest rates.
  • Easy and convenient disbursement and repayment through mobile banking, among other platforms.

Loan Features

  • Client must have been in business for the last one year or in employment
  • Ownership documents of the asset being insured where applicable -harakaloan

What is a monthly flat rate?

What is an annualised percentage rate (APR)?

How long should I borrow for?