About Premium Credit
Premium Credit is the UK's largest insurance premium finance provider, processing over £3 billion of premiums annually. Their marine product is well-established and broker-friendly, with fast digital onboarding and competitive rates for good-credit applicants with premiums over £500.
Rates and Terms - October 2026
| Feature | Detail |
|---|---|
| APR Range | 9.5% – 14.9% |
| Maximum % of premium financed | 90% |
| Minimum annual premium | £500 |
| 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
- Largest premium finance provider in the UK - widely accepted by insurers
- Competitive low-end APR (9.5%) for strong applicants
- Up to 90% of premium financed - low initial deposit
- Digital onboarding - fast approval and setup
Considerations
- Minimum premium £500 - smaller policies not eligible
- Higher APR end (14.9%) for lower credit scores
- Some niche marine insurers may not be set up with Premium Credit