Loan payment protection insurance
Don’t let the unexpected disrupt your sense of security
Loan payment protection insurance provides financial support in unexpected situations that may affect your ability to make your loan repayments. If you face difficult circumstances, such as long-term incapacity for work or job loss, the insurance can help cover your loan repayments.
You have two options: you can add the insurance upon signing your loan agreement or within 30 days after. Loan payment protection insurance is available for all consumer loans and Liisi Plus hire purchase agreements. For more detailed information, please see the loan payment protection insurance FAQ page or review the information in self-service before signing your loan agreement.
In which cases does the insurance apply?
Unemployment
Temporary incapacity for work
Permanent loss of work capacity
Death
How to insure loan payments?
Where to sign?
You can sign the loan payment protection insurance in Holm self-service.
When to sign?
You can add the insurance upon signing the loan agreement or within 30 days afterwards.
How to pay?
You can conveniently pay the insurance premium along with your monthly loan payment.
Frequently asked questions
Loan payment protection insurance is helpful in the following situations:
• You are unable to work due to a disability caused by an accident or health condition.
• You lose your job.
• You are temporarily out of work due to your own or your child’s illness.
• In the case of the borrower’s death, the insurance compensates the lender for up to 24 months of loan payments.
The provider of Loan payment protection insurance is If P&C Insurance AS. Before signing the contract, please review the Loan payment protection insurance information sheet, and terms and conditions.
The insurance documents can be signed together with the loan agreement. If the loan agreement has already been signed, loan payment protection insurance can be added within 30 days after signing the loan agreement.
The provider of loan payment protection insurance is If P&C Insurance AS. Before signing the contract, please review the loan payment protection insurance information sheet and terms and conditions.
The insurance company will then contact you and provide instructions on the next steps.
For example:
Loan amount: €4,000, contract period: 48 months, number of repayments: 48, fxed annual interest rate: 11.19% on the loan amount. In this example, the monthly loan payment would be €121, and the insurance premium would be €9.68.
The provider of loan payment protection insurance is If P&C Insurance AS. Please familiarize yourself with the terms and conditions In the event of a claim, please call +372 777 1211 or submit your claim at if.ee.
Holm Bank AS
Posti 30, 90504 HaapsaluReg. code 14080830VAT EE101970615
