New service: Saldo Safe loan insurance is now available
Saldo offers consumers the opportunity to insure their loan payments for times when life gets challenging.
Saldo has expanded its range of additional services by launching Saldo Safe loan insurance. Loan insurance is available from the MySaldo online service for a new loan or an existing loan agreement.
The purpose of Saldo Safe insurance is to enable customers to remain solvent, even when they encounter financial hardship. Where unemployment or incapactity occurs, loan insurance helps customers by guaranteeing payment of monthly installments. In the event of death, the insurance covers the customer's entire outstanding loan.
Why Saldo offers loan insurance
One of Saldo’s core values has always been responsibility, which we have already been able to strengthen by introducing measures in accordance with PSD2. We’re now taking our responsibilty to another level with the addition of loan insurance to our range of services. From a lender’s perspective, insurance is an effortless way to take care of our customers and ease their worries in times of financial uncertainty or hardship.
As a responsible lender, we aim to provide assistance to our customers when additional financing is required for everyday situations, rather than add to their worries. With the help of loan security, we can help customers finance their everyday needs while also securing the repayment if that’s what the customer requires.
We’ve made applying for Saldo Safe easy. You can apply for it in the same way you would any other additional service. In most cases, the customer is not required to provide any further documentation when applying for insurance. Authentication with your online banking ID is sufficient.
Is it worth taking out loan security?
For customers, loan insurance is a relatively inexpensive way to get peace of mind when times get tough. Unemployment, incapacity to work and, in the most extreme case, death, seriously disrupt day to day life. When you encounter these major problems, you don’t need anything else on your plate to worry about. Loan insurance significantly eases the burden when these situations arise.
We recommend that all consumers apply for Saldo Safe. The monthly cost is small considering the security it provides. It’s also easily invoiced in connection with the repayment of a regular loan. The insurance premium consists of the following:
Saldo Laina: from 2.49 € / month
Saldo Limit: from 0.44 € / month
