Worried About Payment Protection

Payment Protection Plan

Payment Protection Plan is a repayment waiver plan which covers the borrower for sickness, accident and death.  There are times in your life when unexpected things happen.  Payment Protection helps you through these times.  If you become sick, have an accident or meet an untimely death Payment Protection is there for you. The last thing you want is to worry about is how you, or your family, are going to pay your loan!

All loan payments are remitted on your behalf for the time stated on your medical certificate and/or ACC documentation up to six months as long as the loan is not in arrears of over 35 days.

In the case of death you are remitted the balance of the loan owing under the loan contract or $10,000, whichever amount is the smaller as long as the loan is not in arrears of over 35 days.  Any balance left owing after this amount is paid will need to be paid either by the other borrowers on the contract or remaining family members.

MoneyShop has a 98% approval rate for all claims.

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Payment Protection