Insurance Premium Financing Scheme Features Insurance Premium Financing is a new facility for SMEs as well as professional entities who wish to finance the cost of their annual insurance premiums through monthly instalments. Applicant Applicant must be corporate customers e.g. limited company, partnership or sole-proprietorship. Individuals do not qualify.   Acceptable Insurance Types Business insurance, like fire insurance on properties and machinery Professional indemnity insurance Workmen's compensation insurance Motor insurance - company fleet The insurance must be placed with approved insurers that have agreed with us that their policies are cancellable and they will give us a pro-rated rebate on the remaining period on cancellation. Non-cancellable insurance, like performance bond, contract insurance and hull insurance, are not included.   Amount Total insurance cost includes total premium, GST, and brokerage fees. These are stated in the insurance schedule.   Terms and Conditions Loan : S$5,000 Minimum Loan Period : 12 months Advance Payment : 2 instalments (payable in advance) Interest Rate : 4% p.a. flat Administrative Fee : S$50 Payment Mode : DDA   Enquiry Form Fill up our online enquiry form and we will contact you shortly.   Contact Information If you require more details, kindly call our SME Specialists at tel: 1800-3388 338 who understand the local market well and are equipped to meet your financing needs.