Premium Financing
SBI Premium Financing allows you to establish a credit facility using your policy as security, making your funds available for other investment needs. You can borrow up to 90% of the day-one net cash surrender value of your policy.
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- Ability to structure the loan according to your specific needs, with our assistance
- Avoid the need to outlay the full premium amount
- Greater capacity to provide a lasting legacy for your beneficiaries
- Flexibility to use the credit facility to free up cash and to invest in additional securities
- Competitive interest rates.
- Choice of currencies- SGD, USD
- Repayment options - Interest only or Principal and interest.
- Repayment schedule – Monthly
- Client suitability risk profile and qualifying net asset requirements are met
- Maximum Amount -Up to 90% of the day-one net cash surrender value
- Minimum facility-SGD 100,000 or its equivalent.
- *Acceptable security - The policy itself
- Premium Financing application form
- Photocopy of Insurance application form
- Photocopy of signed benefit illustration
- Photocopy of signed benefit illustration
- Photocopy of Approval Letter from Insurer
Walk in to any of our branches to talk to our relationship manager