Payment Protection Plan

A Payment Protection Plan is designed to give peace of mind

A Payment Protection Plan is designed to give peace of mind because no matter how healthy you feel today, nobody knows what lies round the corner tomorrow. Nobody is immune from unemployment or illness, and we strongly recommend you consider protecting your loan payments with a Payment Protection Plan.

What is Payment Protection Plan?

A Payment Protection Plan is a small additional insurance payment that you make each month. This extra payment will be included with your loan repayment. This small sum will ensure that if you lost your job, became ill, or unexpectedly pass away your loan repayments will be paid for you.

Payment Protection Plan insurance cover can be added to your loan giving you peace of mind and security of knowing that - in the event of any unforeseen circumstances - your financial commitments are protected.

In cases of a joint loan application, a joint Payment Protection Plan can be offered then you and your partner will both have the reassurance that if either of you should be faced with redundancy, illness or have an accident, your repayments will be made for you.

If the unthinkable happens and you die before your loan has been fully repaid rest assured that the Payment Protection Plan will cover the outstanding balance of your loan. Your family will not be left to repay it for you.

Applying for Payment Protection insurance cover could not be easier. You and your partner can choose between single or joint cover. There are no medical examinations required and as long as you are aged between 18-59 you will be accepted automatically.

Best of all, the payments for this inexpensive loan protection cover can be added to your monthly loan repayments so that you don't even notice them.

Please discuss your Payment Protection Plan requirements with your loan adviser once you have completed your loan application.

Why not for a loan.

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