Loan Payment Protection UK

Loan Payment Protection Insurance will make your loan payments for up to 12 months if you are unable to work due to accident, sickness or unemployment. Some providers charge more for covering unsecured loans than for loans secured against your home and charge more for covering secured loans than they do for protecting a mortgage. At ASU Direct we charge exactly the same for our unsecured loan, secured loan and mortgage payment protection products.

When compared to the cover offered by many Lenders, ASU Direct prices are much cheaper. Many Lenders want to protect themselves in the event of your death and so they include life cover that will pay off the loan if you die - but generally speaking you could buy this independently if you felt that you needed it and at a fraction of the cost they are charging.

Great products, great service, great price.

Saving £5700 over 6 years with ASU direct

e.g. In November 2008, Mr B from Derby took a secured personal loan through a well known High Street Bank. The loan was to be paid back over 6 years with monthly payments of £406. Mr B agreed to loan payment protection being added to his loan, at an additional cost of £96 a month, bringing his total monthly payment up to £502, or an extra £6912 over the life of the loan.

In October 2009, Mr B contacted us to ask how much we would charge to cover the £406 repayment on the loan i.e. the amount he would have been paying if he hadn't taken the bank's loan payment protection insurance. We were able to offer to cover him for £400 a month for just £16.80 a month. The total payable to us over the life of the loan would have been just over £1200, or £5700 less than he would have paid the bank.

Find out instantly just how little Loan Payment Protection Insurance can cost with ASUDirect by getting a PPI Quote.