Insurance Premium Financing

IPF lifts the burden of lumpsum insurance premium payment..

IPF loan calculator

Calculate your Insurance Premium Financing cost bellow 

Months

IPF Summary


Insurance Premium Financing

This is a Credit Facility that allows you to pay for your insurance premiums in installments over a maximum of 10 months.

IPF loan calculator

Calculate your Insurance Premium Financing cost bellow

 

Months

IPF Summary


Insurance Premium Financing Benefits

IPF Required Documents

Individual

Sole Proprietorship

Limited Company

We propose a minimum of Kshs. 20,000/=, maximum of Kshs. 400,000/=.

The repayment period being from a minimum of two months to a maximum of ten months.

The rate is 2% per month.

Finance up to 100% of the premium amount.

Minimum repayment tenor of 2 months and a maximum of 10 months.

Repayments are via equal monthly installments (EMIs), payable through postdated cheques.

How Does Insurance Premium Financing Work?

Insurance Premium Finance is a short term loan product that allows your business to spread the cost of large annual insurance premiums. We pay the cost of your insurance in one sum directly to your insurance provider and then your business repays the cost in monthly repayments over an agreed term. We provide this service over a 3-10 month period to our customers, while our financing solutions range between KES 20,000 as the minimum and KES 400,000 maximum amount.

The IPF loan involves a tripartite agreement between the customer, the insurance company (guarantor), and the Mwananchi Credit Limited (financier).

How to Apply

Call our team

Mon-Fri 08.00am-6.00pm;
Sat 9.00am-5.00pm.

Request a Callback

Outside of hours, request a callback for inquiries & applications.

Visit us at our Office

Visit us at Eco Bank Towers, 10th Flr, Opp. 680 hotel.

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Head Office

Eco Bank Towers, 10th Flr,
Opp. 680 Hotel
Address:
103683-00101, Nairobi – Kenya.
Tel: 0794 589 905