1300 361 360
What is Loan Termination Insurance and why might you need it.

We all know the unexpected happens, and in the unfortunate event you are struggling to make your loan repayments, Loan Termination Insurance (LTI) can help reduce the financial burden of debt. For instance, you may become involuntarily unemployed, you might have your driving restricted due to medical reasons, you may get a job transfer overseas or have had to declare self-employed bankrupt.

With LTI, you can choose to hand your financed vehicle back to the dealer and get rid of  your loan. In this instance, your LTI policy covers the difference between the value of the vehicle and the amount owing on your loan up to the maximum claim limit of the cover level you select. Or if you want to Retain the vehicle, LTI can make lump sum payments to your loan (up to the agreed claim limit of the cover level you select), on your behalf (reducing the financial burden of the loan).

BENEFITS OF LOAN TERMINATION INSURANCE:

  • Reduces the financial risk should you terminate your loan early due to unexpected events
  • Reduces the stress and financial pressure on you or your family during uncertain times
  • Provides options to retain or hand back the vehicle to reduce your debt
  • Provides different levels loan repayment cover of 3 – 12 months
  • Provides peace of mind in the event of:
    • Disability
    • Trauma
    • Medical Driving Restrictions
    • Unemployment
    • International Job Transfer
    • Self-Employed Bankruptcy

360 Finance can provide Loan Termination Insurance at competitive policy premiums from some of Australia’s leading insurers.

Call our Customer Service team on 1300 361 360 to learn more.

Our customers & people


"Living life upgraded. Second purchase with 360 Finance!"
Sue 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
"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
"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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