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Premium Credit provides loans for individuals and companies, allowing them to spread payments for insurance and other financial products.
The group is the UK’s largest provider of insurance-premium finance with a market share of 60% and more than 2m customers.
Although the group’s main business is insurance, it has expanded into instalment plans for school fees and sports and leisure-club membership in recent years. It sells its products through about 3,000 brokers as well as insurers and Lloyd’s of London syndicates.
Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note” (fractions of corporate bonds). Each Note is backed by a specific bond.