1. About This Loan
The life insurance-backed loan is a low-rate lending option, available to customers who hold an active life insurance policy with any major provider.
2. Eligibility
To qualify for a life insurance-backed loan, you'll need to meet the following criteria:
– Be a resident of an EU/EEA country, either employed or self-employed
– Be aged 18 or older
– Hold a life insurance policy with an annual premium of at least €300
– Be the named policyholder on the life insurance contract used for the loan
3. Key Benefits
Life insurance combines financial protection, savings and investment. It's a mutual financial commitment between the policyholder and the insurer — making it a unique way to combine financial protection, disciplined saving and safe investment. Borrowing against your policy with Mcredit comes with several advantages:
– No income verification needed — simply being the named policyholder is enough to qualify
– Borrow up to 100x your monthly premium
– Preferential rates from 6.9% APR
– Maximum rate of 19.9% APR
– Flexible repayment terms from 6 to 48 months
– Simple paperwork, fast approval, funds disbursed within 3 working days
Example: borrow €2,000 over 12 months, repay around €185 per month.
4. Documents You'll Need
– A valid national ID or passport (copy)
– Proof of address (copy)
– Life insurance policy document (copy)
– Proof of premium payments for at least the last 3 months
Note: all documents can be submitted as copies, with originals available for verification if requested.
Get in touch to discuss your borrowing needs and let Mcredit help you find the right financing solution.
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