Our office will be closed from Christmas Day until 9am on Tuesday January 5th.
You can still apply for a loan now, but we won’t be able to process it for you until we’re back in the office.
We hope you have a great break, and we’re looking forward to helping out in 2021.
Best wishes, from the whole team at Pronto!
We offer all of our customers the option to have Payment Protection Insurance (PPI) with their loans. It’s not compulsory, but it offers you peace of mind should you be faced with an unexpected event.
PPI is a policy which may cover the policyholder’s monthly instalments on a Credit Contract if they suffer from an insured event. In the unfortunate event of death, long term injury or illness, PPI may cover the outstanding balance on the loan.
You can select between Single, Double and Joint Cover for your insurance type, for the meaning of these see the heading ‘Insurance type as shown on policy certificate’ in the policy.
The policy cover options and benefits are specific to the policyholder’s source of income at the time entering into a Credit Contract. The benefits are payable directly to the financier and the insured events are listed below.
Death, Terminal Illness, Accident and Illness, Hospitalisation, Carer, Redundancy, Employer Ceases Trading, Suspension.
Death, Terminal Illness, Accident and Illness, Hospitalisation, Carer, Business Interruption
Death, Terminal Illness, Permanent Disability, Hospitalisation.
The policy sets out the criteria to qualify for these benefits and the limits that apply, in the section applicable to each of the three different covers. The policy has an overriding maximum limit of $200,000. There are exclusions and conditions which apply to all three covers which are set out in the policy under those headings.
The policy will automatically cancel upon full prepayment of the credit contract, the policy shows this and the other circumstances in which you can cancel. There is also a cooling off period which is explained in the policy as well.
The policy has a maximum period of cover of 60 months.
For a summary of the Payment Protection Insurance offered by Autosure you can visit their website by clicking here. However if you want to read through the full terms and conditions of the Payment Protection Insurance, the exclusions and benefits you can read their comprehensive Payment Protection Insurance.
If you have any questions about Payment Protection Insurance or would like to know what costs are involved, please call us on 0800 543 718.