Paying by Monthly Instalments

You need to be sure you can afford these payments

So that they have the necessary information to assess your application, prevent fraud and ensure that you are offered the best payment option for your needs, your finance provider (this will either be Close Brothers Limited trading as Close Brothers Premium Finance, or PremFina) will use credit referencing agencies for a hard credit check for new policies, renewals and in certain circumstances where policy amendments are requested. As this is a hard credit check, your entire credit history will be searched and a mark will be left on your credit report, so whenever prospective lenders look at your credit report they can see you applied for credit and whether you were accepted.

The affordability and anti-money laundering assessment will take place after you have applied for a credit agreement.

If your application is unsuccessful, your finance provider will contact you to inform you. This will not invalidate your insurance - however, you will be required to pay for your policy in one full payment.

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