Payment Protection Insurance (PPI)

What is Payment Protection Insurance (PPI)?

Payment Protection Insurance (PPI) is a type of coverage designed to help you manage your monthly repayments on mortgages, loans, credit/store cards, or catalog payments if you're unable to work. This could be due to illness, an accident, unemployment, or even death, depending on your policy terms. It provides financial security by ensuring that your repayments are covered in situations where you might otherwise struggle to pay.

It’s important to carefully review the policy terms to determine if it suits your financial situation. If you become unable to make payments due to a covered reason, the insurance provider will step in to cover your repayments, either fully or partially, for a fixed period. For credit cards, this usually only covers the minimum repayment amount, which may not be enough to significantly reduce your balance. Before taking out PPI, it’s essential to understand the policy details, including coverage limitations, exclusions, and how long the protection lasts. Always ensure the policy aligns with your financial needs and circumstances.

• The policy conditions to see what is covered and what is excluded. If you suffer an illness that is not covered, the policy would not pay anything in the event of a claim. Some policies do not include redundancy cover, while others do.
• What benefit would you receive?
  Many policies only cover a maximum of one year's repayments and only cover a certain period of time. Cover for credit cards often only pay the minimum payment for a limited period of time.

NOTICE:

As part of our standard process, we require all applicants to review our company's funding policy before submitting their projects to ensure compliance with our funding criteria. Projects that do not strictly adhere to these guidelines will not be considered.

Also, we offer an alternative transaction method using cryptocurrency, such as Bitcoin, reflecting the growing role of digital assets in global trade.

• Loan Amounts: $1 Million – $1 Billion USD
• Loan Term: 2–20 yrs
• Interest rates: 3-7.5%
• Grace Period: 2–10 yrs
• Guarantee: Full recourse required for project completion and loan repayment
• Before closing, a valid permanent loan commitment must be secured.
• Standard due diligence fees apply, covering the costs of third-party reports such as appraisals, environmental assessments, plan and cost reviews, and other lender-required evaluations. The borrower is responsible for legal fees and standard closing costs.
• For current rates, please contact us via email.

Efficiency, Assurance and Outstanding

As a broker or financial intermediary, you need confidence that your lending partner follows through on commitments. At RP Financial Services Limited, we recognize the setbacks caused by unreliable lenders, that’s why we always deliver. You’ll have direct access to our decision-makers throughout the funding process. Expect an initial decision within 24 hours of submitting your application, and rest assured that we stand by our commitments, no exceptions.

For property developers and investors, securing a financing option that aligns with your client’s specific need is crucial. Our tailored funding solutions ensure that your clients receive the capital they require, exactly when they need it.

We value our partners and are committed to paying your commission within 24 hours of closing. This commitment and superior service make RP Financial Services Limited the go-to solution for a growing number of intermediaries in the market.