Has the interest rate increased on my Monthly Instalments?

Modified on Tue, 10 Sep at 12:30 PM

Yes, unfortunately, it has been impossible for us to maintain the 10% interest rates previously offered due to the continuous increases to the bank base rate. 


Thankfully, we have been successful in keeping our premiums very competitive. This means the increased interest rate does not drastically impact you. 


FOR EXAMPLE:


The new interest rate of 12%average annual policy price of $500Interest charged per year: $60
The previous interest rate was 10%average annual policy price of $500interest charged per year: $50

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article