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    Changes to future finance agreements

    Due to some business changes, a number of customers won’t be able to take out finance agreements with Close Brothers to cover the cost of their insurance policies in the future. This change will not happen immediately, and we will be working with brokers over the next 6-12 months to organise a smooth transition. This does NOT impact any current finance agreements OR existing insurance policies.

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    Why is the total amount payable higher than my insurance premium?

    In a Running Account Credit Agreement we are required to show the total amount you would need to repay if you were to borrow an amount equal to the credit limit and is calculated based on the APR assumptions explained in this FAQ.   

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