INSURANCE PREMIUM FINANCE

Introduction to the Product

The Insurance Premium Finance is a loan available to PCL clients as a complimentary product to our asset finance loans namely Log Book and or Import Duty Finance loans.

The clients are issued with a comprehensive cover with reputable insurance companies in the Kenyan market. The product is designed to take away the stress of following up on claims and faster resolution of disputes between themselves and the Insurance companies.

Who Qualifies

Both prospective and existing customers who;

  • Do NOT have a running comprehensive insurance cover at the time of loan application.
  • Have an existing comprehensive cover when applying for either logbook loan or import duty loan.
  • Have an existing log book/Import Finance Loan in existence with PCL, but is not sufficient to cover the entire period of the loan.

Requirements

  • Clear copy of original ID
  • KRA pin
  • A Valuation report
  • Original vehicle logbook

Term

Repayment period ranges from 2months to 10 months