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Our Loans BFS Loan Product

Insurance Premium Financing

Short-term financing that helps clients keep important insurance cover active while spreading premium payments.

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Who can apply?

Eligible applicants

Individuals and businesses with an active insurance policy

Loan AmountBased on premium value and assessment
Loan PurposeSpreading insurance premium payments
Loan Term1 to 12 months
RepaymentInstallment-based
Features

Short-term financing that helps clients keep important insurance cover active while spreading premium payments.

  • Spreading insurance premium payments
  • Term: 1 to 12 months
  • Repayment: Installment-based
  • Reviewed during assessment
Benefits
  • Reviewed by a dedicated BFS branch and risk team, not an automated decision
  • Clear repayment schedule agreed before disbursement
  • Ongoing support from your account officer through repayment
  • Transparent terms with no hidden charges
Requirements

Eligibility

  • Individuals and businesses with an active insurance policy
  • Fully completed loan application form
  • Local government identification
  • One passport photo of the applicant
  • Valid National ID or other acceptable identification
  • Bank statements relevant to the loan type

Collateral

  • Reviewed during assessment

Documents

  • Fully completed loan application form
  • Local government identification
  • One passport photo of the applicant
  • Valid National ID or other acceptable identification
  • Bank statements relevant to the loan type
  • Photos or documents of collateral where required
FAQs

Questions about Insurance Premium Financing

Who can apply for the Insurance Premium Financing?

Individuals and businesses with an active insurance policy.

How much can I borrow?

Based on premium value and assessment.

How long do I have to repay?

1 to 12 months, repaid installment-based.

Ready to apply?

Start your Insurance Premium Financing application now.

Fill in a short online form with your details and the amount you need. The BFS team will contact you to confirm documents, assess repayment capacity, and guide you through the next steps.

Start Application
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