Consumer Credit Insurance (also known as Loan Protection Insurance) covers your loan repayments in the event you can’t due to the unexpected.
For instance, if you have an accident or are injured which leads to disability or even death, or if you are made involuntary unemployed, your Consumer Credit Insurance (CCI) will cover your minimum monthly loan repayments (up to the claim limits of your selected level of cover) to meet your financial obligations. (This type of Insurance is specific to the Loan and different from Income Protection or Life Insurance).
BENEFITS OF CONSUMER CREDIT INSURANCE:
- Reduces the risk of any unnecessary or additional stress on you and your family in the event you are unable to work.
- The interest rate offered to you by potential lenders could be reduced if you include CCI Cover due to reduced to the lender.
- Provides peace of mind that you financial commitments will be meet in the event of:
- Accident or Injury
- Involuntary unemployment
360 Finance can provide Consumer Credit Insurance at competitive policy premiums from some of Australia’s leading insurers.
Call our Customer Service team on 1300 361 360 to learn more.