Insurance Premium Financing (IPF)

IPF lifts the burden of lumpsum insurance premium payment

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).

Insurance Premium Financing Benefits
  • Lifts the burden of lump sum insurance premium payment
  • Enhances business cash flow management
  • Immediate access to annual insurance cover
  • Flexible repayment periods for the insurance premium
IPF Required Documents
Individual
  • National ID copy
  • PIN copy
Sole Proprietorship
  • National ID copy
  • Pin copy
  • Certificate of Registration/Incorporation
Limited Company
  • Company PIN
  • ID/PIN for all directors
  • Latest CR12/Annual Returns incase of change of directors
  • Company Certificate of Incorporation
  • Memorandum and Articles of Association
How To Apply
  • Call our team
  • Request a Callback
  • Visit us at our Office
Our Solutions