The Premium Finance Calculator App is designed by Premium Credit to help businesses compare the cost of paying annual insurance premiums over monthly ...
The Premium Finance Calculator App is designed by Premium Credit to help businesses compare the cost of paying annual insurance premiums over monthly instalments, rather than in full. This App is for insurance intermediary use only and solely for illustration purposes. It should be used by intermediaries whose commercial clients wish to: - Ease the financial burden of a single payment - Control budgeting by spreading payments over instalments - Manage cash flow with a fixed rate, fixed term form of finance - Reinvest the annual premium into the business to use for other means - Compare an additional source of working capital finance with bank overdrafts or other forms of loan. To use the App, simply follow the steps below. It only takes a few seconds: 1. Use the â€˜slidersâ€™ to drag and select the value of the premium to be funded. If you prefer, you can also simply enter the value into the field on the right. 2. Repeat this process above to input the interest charged and the number of instalments required. 3. Next, simply press the â€˜Calculateâ€™ button. An illustration of the monthly repayments, APR and the total amount paid are clearly shown. If you would like to create a different payment profile for your client, simply amend the necessary figure(s) using the sliders (or by entering the amount) again and press the â€˜Calculateâ€™ button again. This App is provided by Premium Credit Limited and is for illustration purposes only and should only be used for non Consumer Credit Act business. Premium Credit accepts no liability for decisions made or actions taken based on this illustration. Terms and Conditions apply. Credit is subject to status. About Premium Credit Established in 1988, Premium Credit is the No.1 insurance premium finance company in the UK and Ireland. We are the only premium finance company endorsed by the British Insurance Brokers Association (BIBA) and have been for the past 10 years. We have 1.8 million customers and achieved advances of Â£3.2 billion in 2011, processing 18 million Direct Debits. Premium Credit caters for all types of commercial and personal insurance, enabling businesses and individuals to spread the payment of their insurance premiums over monthly instalments. Our products are only sold through insurance intermediaries.
Size: 145.42 KB
Price: $ 0.00
Day of release: 0000-00-0