About AFIG
AFIG (Advanced Finance & Insurance Group) is a specialist premium finance provider with a particular appetite for smaller premium amounts and non-standard insurance categories. Their lower minimum premium of £250 makes them accessible for jet ski, RIB and small boat policies where the major providers impose higher minimums.
Rates and Terms - October 2026
| Feature | Detail |
|---|---|
| APR Range | 10.2% – 16.5% |
| Maximum % of premium financed | 85% |
| Minimum annual premium | £250 |
| Maximum term | Up to 12 months |
| Repayment structure | 10 or 12 equal monthly direct debits |
| Application method | Online / through broker |
Rates as at October 2026. Subject to credit assessment and eligibility. Your actual rate may differ.
Pros and Cons
Advantages
- Low minimum premium of £250 - suitable for smaller marine policies
- Accepts non-standard and niche marine insurance categories
- Useful for jet ski, RIB and small craft insurance
- Straightforward online application
Considerations
- Higher APR range (10.2%–16.5%) reflects niche appetite
- Lower maximum loan-to-value (85%) than the market leaders
- Less well-known to some marine insurance brokers