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Pay your insurance by monthly instalments. At no extra cost.
Introducing our latest 0% interest instalment payment plan!
At Budget Direct Insurance we like to give you options and that includes how you pay for your insurance.
Now you can pay your Car, Motorcycle and Annual Travel insurance by 12 interest-free monthly instalments.
That’s right. If your annual premium is $200 or more you get 0% interest on monthly instalments.
You can pay online or over the phone using your DBS/POSB credit card only (Mastercard or Visa.)
That means if you opt to pay by instalments instead of a lump sum payment then we don’t penalize you or charge you for it.
Instead, at Budget Direct Insurance we will incentivize our customers to pay upfront by rewarding you with a 3% discount.
So, unlike some other insurers, there are no nasty surprises about your premium going up when you pay by instalments. But you do get a nice 3% discount if you pay your premium in full.
A spokesperson for Budget Direct Insurance, said: “Offering Instalment Payment Plans (IPP) is a way to cater to our customers’ needs. If the customer has the capacity to pay premiums in full, they get to enjoy a 3% discount.
“If customers prefer the instalment plan because they don’t want to outlay a lump sum or if they would prefer to invest their cash elsewhere then instalment payment plans give them the flexibility and control of how to use their cash.”
At Budget Direct Insurance we make sure you know exactly what you’re paying for. The decision to pay upfront or in instalments is based entirely on whether or not it suits you and your bank balance.