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Loan Protection Insurance

Loan payment protection insurance is there to help you protect your loan repayments in the event you are unable to earn a salary / income due to accident, sickness or unemployment / redundancy.

Past due notice

Loans are a very common financial obligation that most people will have at some point in their lives. It is very important that you keep up with your loan repayments as not being able to make them can result in your credit rating being affected, repossession and even legal action. Loan Payment Protection is a payment protection product that is designed to cover the cost of loan repayments. It provides you as a borrower with the reassurance that your monthly loan repayments can be met for up to 12 months in the event that you are unable to work due to accident, sickness or unemployment / redundancy.

Imagine that you are suddenly without work /regular income - ask yourself…

  • Would I be able to keep up the loan payments without financial assistance?
  • Do I have enough savings?

You are not obliged to have loan payment protection however without it in the event you are unable to make the repayments you may face the additional burden of legal action or the threat of property repossession.

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Please read all our important documents before buying a product.

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