Lending Solutions

The most important word in the world of money is cash flow. The second most important word is leverage. Cover up to 75% of insurance premiums on a motor vehicle or property with our Financing Solution.

Insurance Premium Financing

Access our Insurance Premium Financing facility to cover up to 75% (subject to revision from time to time) of insurance premiums on a motor vehicle or property. Retain your assets or income for other uses. VM Wealth financing is available at all BCIC branches.

How Does Premium Financing Work?

Clients/Customers pay 25% (subject to revision from time to time) of the insurance premium to the insurance company

The balance of the premium can be financed as follows:

Financing Period Rate of Interest  
4 months 7.00%  
5 months 8.00%  
6 months 9.00%  
7 months 11.00  
8 months 12.00  
Rate of Interest may be revised from time to time and may change without notice


What are the benefits?

  • Individuals or businesses may borrow up to a maximum of 75% (subject to revision from time to time) of the annual insurance costs
  • You don't have to liquidate your assets

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