Insurance Premium Finance

Insurance Premium Finance is a short term loan product designed to facilitate financing of insurance premiums. This is given against the customer’s insurance premium bill for a maximum of 10 months with a minimum finance of KES. 25,000.

The IPF loan involves a tripartite agreement between the customer, the insurance company(guarantor) and the bank(financier).


  • Duly completed application form which includes the IPF agreement
  • Copy of National ID/PIN for individual applicants
  • Copy of Certificate of Incorporation/Certificate of Registration for business borrowers
  • Company PIN
  • Copy of Memorandum & Articles of Association, Partnership deed or other constitutive document as per registered entity type for corporate entities
  • Board Resolution to borrow for Corporates 

Fees & Rates

  • Nil commitment fees 
  • Rate of interest is 4.0% above the Central bank rate (CBR) pa. The IPF card rate from this rate ranges between 1.75% to 5.30% for the period between 4 to 10 months



  • Finance up to 100% of the premium amount
  • Minimum repayment tenor of 4 months and a maximum of 10 months
  • Repayments are via equal monthly installments (EMIs), payable through postdated cheques, automatic debits (for HFC clients) and standing orders
  • Minimum financing of KES 25,000



  • Lifts the burden of lump sum insurance premium payment
  • Enhances business cash flow management
  • Immediate access to annual insurance cover
  • Flexible repayment periods for the insurance premium