Bancassurance

Vehicle Loan Protection Plan

At a glance

This covers a vehicle loan borrower against death and permanent disability. In the unfortunate event of the client dying or becoming permanently disabled whilst the loan is outstanding, the loan will be written off and the bank will no longer have an interest in the vehicle. 

Full details

This covers a vehicle loan borrower against death and permanent disability. In the unfortunate event of the client dying or becoming permanently disabled whilst the loan is outstanding, the loan will be written off and the bank will no longer have an interest in the vehicle. The vehicle will not be vulnerable to repossession by the bank and the deceased estate will have peace of mind, knowing that possession of the vehicle is not at risk. Premium is charged on a monthly outstanding balance and payable alongside loan repayments

Terms & conditions

You can apply if you are 18 years of age or over pop into your local branch: Find your nearest branch or send us an enquiry 

 

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You can download and print an application form for many of our products. Mail the completed form to: register@fdh.co.mw

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Umoyo House, No. 8 Victoria Avenue North, Blantyre, Malawi +2651820219 info@ fdh.co.mw