Money Max

Loan Repayment Insurance

Mortgages and Personal Loans are often long term commitments, so it makes sense to protect them with Loan Repayment Protection Insurance.

Loan Repayment Protection Insurance is your safety net, which will protect you when misfortune strikes and you are unable to meet your monthly loan repayments due to disability, involuntary unemployment or death. Loan Repayment Protection Insurance relieves the financial burden for you and your family in your time of need.

We offer two loan protection products depending on your type of loan.

Mortgages - Allianz Five Year Mortgage Repayment Insurance

Features include

  • Cover 24 hours a day, 7 days per week
  • A Death benefit of up to $500,000
  • A monthly Disability benefit for up to 24 months
  • Involuntary unemployment benefit of up to $3,000 per month of unemployment for up to 4 months

Personal Loans - Allianz Loan Cover Insurance

  • Cover 24 hours a day, 7 days per week
  • A Death benefit of up to $80,000
  • A monthly Disability benefit
  • Involuntary unemployment benefit for up to 120 days

Want to find out more?

The above information is a summary of the cover provided under each policy. For detailed information about this insurance please read the Policy Document (Product Disclosure Statement).

For an obligation free quote or further information, please call our Call Centre or drop into our branch.

* Allianz Australia Insurance Limited (Allianz) AFS Licence No: 234708, ABN 15 000 122 850 of 2 Market Street, Sydney NSW 2000 provides the Disability and Unemployment cover. Allianz Australia Life Insurance Limited (Allianz Life) AFS Licence No: 26559, ABN 27 076 033 782 of 2 Market Street, Sydney NSW 2000 provides the Death cover. In arranging this insurance Bankstown City Credit Union, AFSL No. 238 355, ABN 40 087 649 769 acts as an agent for Allianz, not as your agent. The information contained in this guide is a summary only. We cannot advise you whether the insurance is appropriate for your personal objectives, financial situation or needs. To decide if it is appropriate for you, please carefully read the relevant policy documents (Product Disclosure Statement). If you purchase this policy, we will charge you an agreed premium, including any relevant taxes and charges.