Loan Protection

Your level of cover:

• Unemployment cover
  If you are unemployed for 15 consecutive days or more you could receive a monthly benefit equal to the monthly repayment under your loan agreement. Unemployment cover is subject to a maximum of 12 monthly benefit payments per claim. 
• Positive Job Solutions
  Independent and confidential employment advice service to help you, or members of your family, get back to work quickly.
• Disability through accident or illness cover
  If you are employed and off work due to accident or sickness for 15 consecutive days or more you could claim a monthly benefit equal to the monthly repayment under your loan agreement.
• Critical illness cover
  If you are diagnosed as suffering with a specified critical illness you could claim a lump sum equal to the amount borrowed under your loan agreement less any arrears.
• Hospitalisation cover
  If you have to stay in hospital for 3 consecutive days we will pay £25, and £25 for each subsequent nights stay for the same condition. Up to a maximum of 365 nights per condition.
• Life cover
  If you die, life cover could provide a lump sum equal to the amount borrowed under your loan agreement less any arrears.

Our Loan Protection product has been Awarded Five Stars for quality of cover by Defaqto. This independent rating is based on the features and benefits of our Loan Protection product.
 
Defaqto is an independent financial research company that scores products for quality across a wide range of features and benefits using a unique benchmarking system called Product DNA. Defaqto then assigns a star rating to each product. The highest rating of 5 Stars is awarded to the top 10% of policies. Loan Protection was awarded a 5 Star rating in February 2007.

If your circumstances change during the term of your loan agreement, it may affect the benefits you are eligible for under your Loan Protection insurance policy. For example, if, while claiming you reach the age of 65, any unemployment or accident or sickness benefit payments will stop.

You can only apply for optional Loan Protection insurance when you apply for your loan.

In order to get the reassurance of Loan Protection, you must include it as part of your loan application.

You can apply for both a Personal loan or an Internet Banking Loan online.

Online now
While applying online for your loan, make sure that you click on the ‘Yes' button to confirm you want to take out our optional Loan Protection.

By phone
Call 0800 092 1290. Please remember to tell us that you want to include optional Loan Protection in your application.

Your local branch
Get an application form from your local branch, complete it and give it to one of our staff, along with proof of identity.

A quick guide to your Loan Protection Insurance*

For full terms and conditions of your Loan Protection Insurance, please refer to the Policy Document*.

You can only apply for optional Loan Protection insurance when you apply for your loan.

In order to get the reassurance of Loan Protection, you must include it as part of your loan application.

You can apply for both a Personal loan or an Internet Banking Loan online.

Online now
While applying online for your loan, make sure that you click on the ‘Yes' button to confirm you want to take out our optional Loan Protection.

By phone
Call 0800 092 1290. Please remember to tell us that you want to include optional Loan Protection in your application.

Your local branch
Get an application form from your local branch, complete it and give it to one of our staff, along with proof of identity.

A quick guide to your Loan Protection Insurance*

For full terms and conditions of your Loan Protection Insurance, please refer to the Policy Document*.