Credit Contract Indemnity (CCI)

CCI may help to cover your loan repayments if you suffer financial loss, or even pay off your outstanding loan if you die.

If you’re unable to work because of an accident or illness
If you become sick or injured, and are off work for 7 consecutive days, your loan repayments will be covered until you’re deemed fit to return to work.

If you’re made involuntarily redundant
If you lose your job through no fault of your own and are made redundant, your loan repayments will be covered until you find a new job, or for a maximum of 12 months.

If you die
If you ‘kick the bucket’, the outstanding amount of your personal loan, less any arrears owing, will be fully repaid.

One simple payment
There’s only a one-time premium which is added to your loan.

Speed up loan repayments and save costs
If you pay off your loan early we can refund a portion of the Personal Loan Insurance premium you paid.

No medical information required
There are no medical questions to answer when you apply. Acceptance is automatic. However, you will not be covered for any pre-existing medical conditions Personal Loan Insurance is underwritten by Provident Insurance Corporation Limited.

For full details, limits, and exclusions, please refer to theCCI Policy Document

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Guaranteed Asset Protection (GAP)

GAP is designed to provde cover for any shortfall between what an insurance company may pay out on your vehicle, and what you actually owe on your loan.

In the unfortunate event of your vehicle being written-off a shortfall may occur between the amount outstanding on your finance contract and the insurance payout you receive.

GAP insurance helps to pay the difference between what your vehicle insurance policy pays out and the balance you owe under your finance contract.

Additional benefits, which are designed to help reimburse you for associated incidental costs, may also be covered. these can include:

  • The deposit payable for the purchase of a replacement vehicle through the original selling dealer, up to a limit of $1,000.
  • Your reasonable on-road costs incurred when purchasing a replacement vehicle, including delivery charges and registration costs.
  • The amount of your excess applicable to your Total Loss claim under your Comprehensive Motor Vehicle Insurance.
  • The amount of your premium payable on the first year of a comprehensive motor vehicle insurance policy covering your replacement vehicle.
  • Reasonable personal expenses incurred as a result of the Total Loss of your Vehicle up to a limit of $300.
  • The reasonable cost of hiring a rental vehicle as a result of the Total Loss of your Vehicle up to a limit of $350.

For full details, limits, and exclusions, please refer to theGAP Policy Document

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Mechanical Break Down Insurance (MBI)

MBI (also known as a 'Mechanical Warranty') can help to cover the cost of any unforseen electrical or mechanical problems with your vehicle.

Buying a new or used vehicle represents a major investment, so it’s wise to protect your vehicle against the sudden or unforeseen happening of mechanical or electrical failure.

The fact is, motor vehicles do break down from time to time and, whilst you don’t expect it to happen to your vehicle, it’s reassuring to know you have protection against the inconvenience and the costs of repair.

Policies can provide cover for 1, 2, 3 or 4 years and offer a range of terms and excess options designed to suit you and your vehicle.

Classic Cover Features include:

  • Nil excess and no loss of no-claim discount on windscreen, windows, sun-roof, headlight, headlight protectors or tail light claims
  • Keys and locks cover up to $300 in any 12 month period (no excess)
  • Trailer cover up to $750 in any 12 month period (a $100 excess applies)
  • Third Party Legal Liability Cover up to $5,000,000 in any 12 month period (no excess)
  • Accidental Death Benefit of $5,000
  • Temporary cover for 7 days when a new replacement vehicle is purchased up to a limit of $100,000

For full details, limits, and exclusions, please refer to theMBI Policy Document

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Motor Vehicle Insurance (MVI)

MVI can help to provide cover for your vehicle if it is involved in an accident. This type of insurance is compulsory if a vehicle is being used as security on your loan.

Accidents, loss and damage to motor vehicles do happen, even to the most careful of owners.

Standard Policy Features include:

  • Nil excess and no loss of no-claim discount on windscreen, windows, sun-roof, headlight, headlight protectors or tail light claims
  • Keys and locks cover up to $300 in any 12 month period (no excess)
  • Trailer cover up to $750 in any 12 month period (a $100 excess applies)
  • Third Party Legal Liability Cover up to $5,000,000 in any 12 month period (no excess)
  • Accidental Death Benefit of $5,000
  • Temporary cover for 7 days when a new replacement vehicle is purchased up to a limit of $100,000

For full details, limits, and exclusions, please refer to theMVI Policy Document

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Renters Insurance

Coming Soon.