Close Brothers Premium Finance helps businesses and individuals pay their insurance premiums by spreading the cost over regular installments. Premium finance is a convenient alternative to paying in one lump sum, allowing customers to manage their finances more easily or free up capital for other uses.
How do I pay my close brothers?
Make a payment
You need to have your agreement number if you wish to pay online. Please complete the form below and once your payment has been authorised it will be credited against your agreement. Please note, we only accept online payments for arrears payments.
Who are close BIS Ltd?
Close Brothers Limited is wholly owned by Close Brothers Group plc, a leading specialist financial services group which makes loans, takes deposits, trades securities and provides advice and investment management solutions to a wide range of clients and is listed on the London Stock Exchange.
Can you pay off Close Brothers finance early?
If you decide to settle your agreement early and in full, you may be entitled to a reduction in the interest charged. Please call us on 0333 321 8566 to so we can best advise you.
Who is Close Brothers Premium finance? – Related Questions
Can I sell my car on finance Close Brothers?
Yes, as long as you settle your vehicle finance with us in full. For a settlement quote, log into your Close Online account. If you’d prefer to request a settlement quote over the phone, call us on 0333 321 6060.
Which credit agency does Close Brothers use?
Close Brothers Limited
| Agency |
Long term |
Outlook |
|
Fitch (at 16 May 2022) |
A – |
Stable |
| Moody’s (at 18 July 2022) |
Aa3** |
Negative |
How do I cancel Close Brothers Finance?
How to cancel Close Brothers Premium Finance
- Contact your insurance broker.
- Ask them to submit a cancellation request.
- Close Brothers Premium Finance will then cancel your credit agreement.
- You will receive a confirmation email.
How do I contact Close Brothers Finance?
Help with payments
Or if you’d rather speak to us, give us a call on 0333 321 6060.
Can you sell a car on finance?
No you can’t, as the lender is the legal owner of the car until the finance is settled. In order to sell the car, you’ll have to end the hire purchase agreement early. If you’ve paid off less than half of the agreement’s total cost, you can return the car.
Where are Close Brothers based?
Our responsibility is to help address the social, economic and environmental challenges facing our business, employees, customers and clients, now and into the future. Our 3,700 employees are primarily based in the UK and work out of one of our 50+ offices.
What is a settlement quote?
May 18, 2021 Edited on May 18, 2021. A settlement figure, when talking about car finance, is the amount of money you still owe on your loan or finance agreement, including interest. It might be important to know this figure if you need to sell or replace a car before your car finance agreement ends.
How do I find out how much my settlement is?
Receive Your Settlement Check
After your attorney clears all your liens, legal fees, and applicable case costs, the firm will write you a check for the remaining amount of your settlement. Your attorney will send you the check and forward it to the address he or she has on file for you.
How do I calculate my car settlement?
The settlement on these agreements is the sum of the outstanding capital balance plus daily interest, as well as an early termination fee which is based on three months’ interest.
How is my car settlement figure calculated?
How do I get a settlement figure on my car finance? All you have to do is get in touch with your finance company and ask them for a “settlement figure”. By law your lender has to post a settlement figure to you within 12 days – usually it will arrive straight away.
Why is my settlement figure higher than my balance?
Understanding your settlement figure
Your balance might be lower than your settlement figure because of a Direct Debit payment you’ve made. A Direct Debit could still go out after you get a settlement figure and before you pay off your loan. This will reduce the amount you owe and make your balance lower.
Can you negotiate a car settlement figure?
Even if the offer seems reasonable at first glance, you should always negotiate. After you research the value of your car, come up with a number that you feel is fair for a settlement. It should be the absolute minimum you are willing to accept.
How long is a settlement figure valid for?
A settlement figure is valid for 28 days after the date requested; this date is called the Settlement Date. The settlement figure will also include an additional 30 days interest after the settlement date as allowed under the Consumer Credit Act 1974 in order to offset any charges that we have incurred.
How much is an early settlement fee?
The cost will usually depend on how much you’ve borrowed (the size of your mortgage) and how far you are into your deal. Early repayment charges are usually calculated as a percentage of the amount still outstanding on your mortgage. The typical amount is usually between 1% and 5%.
What is a fair settlement agreement?
A Settlement Agreement (formerly known as a Compromise Agreement) is a legally binding agreement between you and your employer. This usually provides for a severance payment by the employer in return for your agreement not to pursue any claims in a Tribunal or a Court.
Is it worth paying off car finance early?
You’ll save on interest repayments
If you have the capacity to pay off your car loan early, whether through additional repayments or a lump sum payment, it will reduce how much money you’d otherwise be spending on the interest the lender is charging you.