TECPAY
Tailored for your unique needs
TECPAY Premium Financing is where convenience meets flexibility in managing your general insurance premiums. We understand that navigating the complexities of insurance can be daunting, which is why we've crafted a seamless solution to ease your financial burdens. With TECPAY, you gain access to tailored premium financing options designed to suit your unique needs, empowering you to protect what matters most without compromising your budget.
TECPAY simplifies your insurance payment process, allowing them to focus on what truly matters – peace of mind.
Powered by TECU Credit Union
Why choose TECPAY?
TECPAY allows you to pay your general insurance premiums on your terms.
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Flexible Monthly Payment Options
Tailored financing plans designed to fit your specific budget and cash flow requirements.
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Preserve Your Cash
Keep your cash reserves intact for other business or personal needs. We finance 100% of your insurance premium and have up to 10 months to pay for it.
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Convenient Approval
Easy application and approval process for quick access to financing.
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No Credit Checks
Anyone can access TECPAY, it promotes financial inclusion and ensures coverage for all. It is not restrictive to persons with varying credit histories or those with limited credit to access insurance premium financing.
TECPAY Features
Repayment terms
There is a minimum repayment period of three (3) months with a maximum term of ten (10) months.
The member is required to pay the first two (2) months’ instalments at the signing of the loan agreement.
Maximum loan amount
$40,000.00
*Additional financing is available upon request.
Requirements
One form of valid ID
Utility bill
Calculate your loan installments
%
Per Month On The Reducing Balance
Enter Loan Information
Payment Information
Your monthly payment will be:
$0.00
What is Insurance Premium Financing?
Insurance premium financing is a financial solution that enables individuals and businesses to spread out the cost of their insurance premiums over time, rather than paying the full amount upfront.
This option is particularly beneficial for those facing large insurance bills, as it helps alleviate the strain on cash flow by breaking down payments into manageable instalments. With insurance premium financing, clients can secure essential coverage without depleting their savings or disrupting their budgetary plans.
Whether for personal or commercial insurance needs, premium financing provides the flexibility and convenience necessary to safeguard assets and mitigate risks effectively.
