We set the benchmark for premium funding in Australia

Our innovative features have been developed specifically in response to insurance industry needs. They include:

• Routine same-day settlement – We are Australia’s only premium funder to offer this benefit as a standard service. All premiums, regardless of size, are settled this way. Quick receipt of premiums increases staff efficiency and delivers accelerated trust account income. Delayed settlement is also available by simply nominating the preferred settlement date in our eFund™ quoting system.
  
  
• No financials required – Principal Finance does not require clients to provide financial statements in support of their application, regardless of the size of the funding.
  
  
• Consumer Pay By the Month (PBM) Facility – Principal Finance was the first premium funder to receive exemption from the National Credit Code. This means you can fund personal lines premiums without an Australian Credit Licence, earn extra income and promote client retention with a simple facility offering 12 equal monthly instalments.
  
  
• Automatic rollover renewals – Principal Finance was the first premium funder to introduce a separate authority ensuring clients never need to sign paperwork again. You simply send the new contract to us electronically by the push of a button.
  
  
• eFundExpress™ – We are Australia’s only premium funder with the technology to support brokers who sell insurance products via an internet site. This 24/7 facility automatically generates funding applications, which are accepted electronically by the client and then transmitted to Principal Finance for settlement – all during a single internet session.
  
  
• eFund Acceptance™ – We were Australia’s first premium funder to develop an online facility which enables clients to accept their funding electronically over a secure internet site.
  
  
• Endorsement funding – We streamlined the process of adding endorsement premiums to existing loans. Simply record the endorsement detail on-line and submit it to us electronically.
  
  
• Multiple payment options – Clients can choose the most convenient method to pay their funding instalments, including direct debit, electronic funds transfer, credit card or cheque.
  
  
• Funding software – Our eFund™ quoting system is acclaimed as quick and easy to use.