A payment protection plan ensures that the monthly loan repayments are paid in the event of accident, sickness or even unemployment.
It therefore offers you complete peace of mind.

The premium is repaid over the term of the loan.

The cost of the loan is normally covered for up to 24 months in total, with a maximum of 12 months for any single claim.

The benefits become payable in the event of any prolonged absence from work due to the following:-

Unemployment - Redundancy - Accident cover - Sickness cover - Hospitalisation cover

Self employed - unemployment cover due to bankruptcy or insolvency of the business, injury or sickness

Acceptance is automatic - no medical evidence is required

Cover lasts for up to 5 years and is thereafter renewable, if the loan is still outstanding

When we call you to confirm your loan requirements and personal details we can provide further information on these benefits and answer any questions you may have.

Payment protection plans are a sensible, affordable, method of ensuring that loans can be repaid if, for example, you have an accident, are made redundant etc. Give your family peace of mind - they will appreciate that you care enough to protect them from such potential risks.