Personal Loan Protection
Personal Loan Protection
Financial security against the unexpected events in your life.
Have you thought about how you would meet your loan repayments if you pass away, fall ill, have an accident or lose your job? It makes sense to protect your ability to meet loan repayments or pay out your loan if required.
With a range of personal loan protection, BankSA can help you. Ask us about BankSA Personal Credit Protect for your personal loan needs#.
Loan Protection for your personal loan.
- Life Benefit – Helps ensure your loved ones are not burdened by loan repayments if you pass away. Covers your outstanding loan balance to a maximum of $50,000
- Sickness and Accident Benefit – If you're unable to work due to accident or illness, we'll cover your regular loan repayments until you return to work
- Involuntary Unemployment Benefit – Provides you assistance temporarily with your repayments while you seek new employment
- Call us on 13 13 76, 7.30am - 7.30pm, Monday to Saturday and to connect you faster, say “Existing Account” when prompted to apply for a Loan Protection Package
# Conditions, limits and exclusions apply to credit protection cover, details of which are explained in the policy wording and Product Disclosure Statement (PDS) for BankSA Personal Credit Protect which can be obtained from any of our branches. You should review the PDS and consider your own individual financial circumstances, objectives and needs before deciding to hold or acquire credit protection cover. BankSA - A Division of Westpac Banking Corporation distributes this insurance acting under its own Australian Financial Services Licence as agent for Swann Insurance (Aust) Pty Ltd and St.George Life Limited (Insurers) and not as your agent. Swann Insurance and St.George Life each take full responsibility for the PDS. However, they are not responsible or liable to you for the insurance cover provided by the other. St.George Bank - A Division of Westpac Banking Corporation does not, nor do any of its related bodies corporate (as defined in the Corporations Act 2001 (Cth)) other than the insurer, St.George Life Limited, guarantee payment of any policy benefits.
