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Who looks after your loan if you can't? It's important to think about the effect on you and your family if, through unforseen circumstances, you're unable to meet your loan repayments.

Many people don't think about the impact a serious accident or illness, unemployment or even death would have on their loan. How will the mortgage or loan for the new car be paid?

Often the view is that sick leave, annual leave or even superannuation will help, but that may not be the case. Consumer Credit insurance offers peace of mind knowing that the loan is taken care of up to the maximum policy benefits, allowing you to concentrate on your recovery.

You can cover your loan obligations by taking out PremierCare® Consumer Credit Insurance (CCI) when you apply for a loan with us.

Three types of CCI are available and are specifically designed for the different style of loan:

  • Loan Cover* – for Personal Loans  
  • Five Year Mortgage Repayment* – for Mortgage Loans
  • Continuous Credit* – for unsecured Credit Limits

CCI offers cover for (subject to eligibility):

  • Disability – meets your loan repayments while you are unable to work due to a defined injury or illness.
  • Unemployment – meets your loan repayments while you are involuntarily unemployed.
  • Death – pays the outstanding balance of your loan if you should die.
  • These covers are available in five combinations ranging from the full cover of Death, Disability and Unemployment to Death only.
  • Up to two borrowers can take the insurance and they can select different levels of cover.

Paying the premium for CCI is easy

  • For personal loans, one payment covers you for the term of the loan and you can have the premium included as part of your loan.
  • For mortgages, one payment covers you for a 5-year term and you can have the premium included as part of your loan.
  • For credit limits, the premium is based on how much of your credit facility you are using and is simply added to your Account each month. Of course, if you are not using your credit facility there is no charge.
For further information, call us on 13 25 85 or email us now.

This is general advice only; please refer to the Product Disclosure Statement (PDS) to see if these products are right for you.

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