Premium Credit

Welcome to Premium Credit

Whether it's for personal or business use, insurance is essential for most of us. Indeed, 2008 saw around £33.8 billion* being spent on insurance in the UK and €2,091 million** in Ireland.

For many, paying a hefty insurance premium in one go can put a strain on the budget - but Premium Credit provides an affordable solution. For over 21 years, we have helped businesses and individuals pay for their insurance by spreading the costs over regular instalments, instead of paying the whole premium upfront.

Premium Credit doesn’t just help businesses and individuals spread the cost of their insurance premiums, we also provide the finance to pay annual fees such as professional fees, membership subscriptions, commercial service charges and school fees. We have over 1.5m customers and achieved gross advances of £3bn in 2009, processing over 15 million Direct Debits. We work with nearly 4,500 intermediaries across our chosen markets.

That's why we're the No.1 Insurance Premium Finance Company in the UK and Ireland. And, as a Bank of America company, we provide the financial strength and stability that comes with being owned by one of the world's largest financial organisations.

(*Source: ABI – Net written premiums for the UK General Insurance Market Sept 2009)
(**Source: Irish Insurance Federation 09 Factfile - Net written premiums for the Irish Non-life insurance market)