Insurance Premiums can cause cashflow strains on your business by requiring large one-off payments on renewal.

Premium Finance provides a solution to these cashflow problems by allowing you to finance your insurance premium over a set period of time, usually over 10 monthly instalments.

The Premium Finance company will charge a flat interest rate which is effectively added on to the Total Insurance Premium. Basically, you obtain additional credit, without having to provide any security, as the loan is based on your insurance policies.

Mega Capital has access to a range of Premium Financiers and will be able to obtain a competitive quotation on your behalf.

Ask your Mega Capital broker for more information about this service.