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Premium Financing

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.

Premium Financing Details

  • 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

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