Carraig Premium Finance is a convenient alternative to paying annual insurance premiums in one lump sum, allowing policyholders to manage their finances more easily or free up capital for other uses.
After you have provided some further information and bank details you will be provided with the necessary paperwork. This includes confirmation of the loan to pay your insurance premium, the amount of your regular repayments and when they will start and finish. You will be required to sign a credit agreement.
Typically, a finance plan will run for 10 months. The first instalment is due within 14 days and the remaining 9 collected by a regular monthly Direct Debit.
The insurance premium will be paid direct to your insurer.
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