LOAN OPTIONS · BUSINESS FINANCE
Insurance Premium Finance
Ask whether the premium for your policy can be financed. Check the loan cost and repayment terms separately from the insurance cover.
At a glance
PURPOSE
Discuss an eligible insurance premium
PREPARE
The insurer quotation, premium and policy period
Ask for current eligibility, amounts, pricing and repayment terms.
Understand the option
What can I use it for
Explain the insurance policy, insurer, premium and cover period. Financing the premium and providing insurance cover are different services.
What should I prepare
Prepare the insurer’s quotation and policy information. Confirm the lender, insurer, payment method, finance charges and any intermediary role.
What should I check
Ask what happens to both the finance agreement and the policy if a payment is missed or the policy is cancelled. Cover, exclusions and claims decisions remain subject to the insurer’s terms.
Prepare your business and your skills
Use your cash forecast alongside the voluntary skills assessment. Your results can help you choose training and discuss business support with KFC.
Know the commitment before you accept
Request the current product Key Facts Statement. Your written offer and repayment schedule should make the figures and obligations clear.
01 · NET PROCEEDS
What you receive
Check the approved amount, upfront deductions and the money actually available to you.
02 · FULL COST
What you pay
Check the interest rate and calculation method, compulsory fees, insurance and total repayment.
03 · OBLIGATIONS
What you commit to
Check payment dates, any collateral or guarantee, late-payment consequences and early settlement.
What happens next
01
Start the conversation
Prepare an email enquiry, then send it from your own email service. You can also call KFC.
02
Prepare for assessment
The team confirms product availability, requirements and how to provide documents. Ask when to expect an update.
03
Review before deciding
If approved, read the written offer and payment schedule. Ask questions before accepting.
An enquiry does not commit you to borrowing. Approval and a payment date are not guaranteed.
Already have a loan?
Get help with a payment, a charge or a change in circumstances.