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What are Loan Insurances and why you might need them.

Loan insurances are there to cover you and your family financially in the event the unexpected happens and you can no longer meet your loan repayments or pay the balance of your loan. Often without warning your financial situation can change dramatically resulting in excess financial stress and burden during already difficult times, including:

  • Accidents, injuries or trauma that leave you unable to work
  • Driving restrictions due to medical reason
  • Involuntary unemployment
  • Self-employed bankruptcy
  • ‘Total Loss’ or write-off of your vehicle
  •  Permanently disability or death


Learn more about the loan insurance types below, or call our Customer Service team on 1300 361 360.

Types of loan protection insurance available:

Covers your loan repayments if you cannot

Consumer Credit Insurance covers your loan repayments in the event you can not due accident, injury, disability, involuntary unemployment or even death. This type of Insurance is specific to the loan itself and different from Income Protection or Life Insurance. (Please refer to the Product Disclosure Statement for full Terms, Conditions including claim limits).

Covers financial shortfall if you need to terminate your loan

Loan Termination Insurance covers you in the event of the unexpected and you wish to terminate your loan early to reduce the financial burden of debt. With LTI, you can either choose to hand the vehicle back to the dealer and have any shortfall in your loan amount paid out. Or you could retain the vehicle and LTI will make lump sum payments to the loan on your behalf. (Please refer to the Product Disclosure Statement for full Terms, Conditions including claim limits).

Covers financial shortfall if your asset is 'written off'

Shortfall Insurance (GAP) covers you in the event your asset is declared a 'total loss' or a 'write off' by your insurer due to an accident or being stolen. Shortfall Insurance pays your financier the different between your Comprehensive Insurance payout and the amount owing on the loan. (Please refer to the Product Disclosure Statement for full Terms, Conditions including claim limits).

Our customers & people

"Excellent service. Ian from 360 Finance was great to deal with and we were kept in the loop at all times. No problem recommending 360 to anyone."
Gary M, Brogo, NSW
"One word - Excellence! Big thanks to Leanne for her outstanding effort in helping me get my new car. She went out of her way to answer all my silly questions in easy Laymens terms!"
Warren H, Queensland
"Living life upgraded. Second purchase with 360 Finance!"
Sue G, Queensland
"So in love with my new car thanks to John at 360 Finance. I'm so happy with my Honda Civic RS Turbo. 360 Finance were great and totally recommend them. So a big thank you again."
April G, Queensland
"Thank you 360 Finance for all your help. Finance has allowed my family to buy a brand new family caravan to travel this amazing country. #lifeupgraded "
Craig P, Queensland
"Thank you 360 Finance for another successful purchase with low interest and fantastic service!!!!"
Michelle W, Queensland
"New Car! Toyota Prado. Life Upgraded!"
Emilie D., New South Wales
"Here’s a pic of my new ride all washed up - I had a blast on my new stead. Thanks Leanne and 360."
Nathan S, Victoria
"Thanks 360! I was blown away by the low rate finance and insurance I got compared to what I could find myself."
Karyn E, Northern Territory
"The kids are loving their new Taxi! Cheers Kyle and 360 Finance."
Lauren M, New South Wales
"We can’t wait for adventures in our new camper van, making memories with our two beautiful girls. Thanks 360!"
Skye C, South Australia
"Kim at 360 got me my Ute, Jetski and now a Mustang! She is a champ at her job and was very helpful. "
Chris R, Queensland
"Thank you Kevin at 360 for assisting us with our new car finance. Fast and easily approved."
Rhea P, South Australia

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