Insurance Premium Finance

Are your business insurance costs too high? We can help with that

Overview

Are your business insurance costs too high? Do you need to free up some cash flows? Apply for the BOA insurance premium finance solution and eliminate the requirement to make lump sum insurance premium payments, thus easing your business cash flows and releasing additional working capital for the generation of returns to do more.

MULTI-Currency Multi-currency funding available for premium financing

INSURANCE SUPPORT Get access to a dedicated Insurance specialist and save on insurance broker costs

INSTANT COVER Fulfil cash and carry requirements to get covered immediately

AFFORDABLE Pricing Access the lowest pricing options for UGX and USD premium financing

UP TO 90% FINANCING Get up to 90% of your business insurance premium invoice financed

QUICK Processing Quick application processing

Download our services and products pricing guide for more information.

General Business Credit Application Requirements

Fully filled in business loan application form (Available at a branch or delivered to your office)
Financial credit bureau card for the borrowing entity
Business bank statements for past 12 months
Business financial statements, including and income statement, balance sheet and cash flow
Passport size photograph of each director
Copy of valid identification card of each director
Valuation report for the property / assets to be pledged as collateral (where applicable or requested by the Bank)
Business plan and an updated business profile
Tax identification number (TIN) and tax clearance certificate
Formal written request stating the amount, purpose, tenor, source of repayment and proposed security
Board resolution to borrow
Trading license
Any other information as may be requested by the Bank, depending on the nature of the request. Our Relationship Management team will guide you on the process