Protect yourself against the unexpected
Getting a new loan can be an exciting time, so it can be easy to overlook the option of protecting your ability to meet your loan repayments.
Credit Protection can help cover your loan repayments in the event of the unfortunate and unforeseen. Depending upon the cover option selected, it can provide cover for loss of life, accident and sickness and involuntary unemployment. Choose the cover that suits you and borrow with confidence.
There are three product options for you to choose from:
- GOLD OPTION: Life, Accident & Sickness and Involuntary Unemployment cover
- SILVER OPTION: Life and Accident & Sickness cover
- BRONZE OPTION: Life cover only. Your premium will depend upon the option you select and the amount and term of your loan and insurance.
Joint cover is available on all Credit Protection insurance options, subject to eligibility.
What loan does credit protection insurance cover?
We offer credit protection insurance with your home loan or personal loan.
How do I pay my premium?
If you are taking out a home loan, you can either finance up to five years of cover into the loan itself or your premium can be conveniently collected by monthly direct debit from your nominated bank account or credit card from the commencement of the cover.
If you are taking out a personal loan, your premium is financed into your loan contract and paid over the term of the loan.