Loan Repayment Insurance
We want to assure our existing customers that we will continue to service your insurance needs. Our Personal Credit Protect policies include involuntary unemployment cover, so if you’ve lost your job or have been stood down with no income as a result of the COVID-19 pandemic, depending on your circumstances, you may be able to claim under your policy. Please click through to find details on how to claim.
Please note Personal Credit Protect is no longer sold. The information on this product is for existing Personal Credit Protect policy holders.
- Helps meet your personal loan repayments if you unexpectedly lose your job, or if you can’t work because of sickness, injury or disease
- It also helps pay the outstanding balance owing on your personal loan up to $50,000 if you pass away
- The premium is included as part of the amount borrowed under your Personal Loan
Like all insurance, terms and conditions, and limitations and exclusions apply. Read the PDS for full details of cover.
This information is current as at 20 April 2020. Bank of Melbourne Personal Credit Protect was issued by Insurance Australia Limited ABN 11 000 016 722 trading as Swann Insurance (for the Involuntary Unemployment cover and the Disablement cover) and Westpac Life Insurance Services Limited ABN 31 003 149 157 (for the Death cover). Bank of Melbourne – A Division of Westpac Banking Corporation ABN 33 007 457 141 distributed the insurance, but does not guarantee the insurance. Like all insurance, some exclusions, limits and conditions apply. You can obtain the Product Disclosure Statement by calling 1300 657 382.
© Bank of Melbourne – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian Credit Licence 233714