Fidelity Insurance partners with Spire Bank to make IPF Cheaper

October 07 2016

Are you Insurance Premium bills weighing you down? Insure through Fidelity Shield Insurance Company Limited and get to enjoy Spire Banks’ amazing lending rates on Insurance Premium Financing Loans!

Under the arrangement dubbed ‘The Scheme’, Spire bank will provide its individual, SME and corporate customers with flexible repayment options on all annually insurable risks such as motor vehicles, domestic packages, property insurance among others.
Spire Bank has broken ranks with its peers who currently charge a market rate of 14.5 percent for insurance premium financing with their 8 percent rate.
Spire bank, Managing Director, Tim Gitonga said the product has no hidden charges and customers will be able to access insurance cover immediately while paying their premiums in easy and less burdensome installments.
“The scheme has simplified application documentation and is open to premiums as low as 25,000 shillings with no maximum limit,” said Gitonga.