What is auto loan insurance?

Auto loan insurance - is a type of insurance in which the borrower issues a policy for a car purchased on credit. It protects the interests of the borrower and the lender (bank or financial institution) in case of unforeseen situations with the car, which may affect the fulfillment of obligations on the loan

How it works?

Get an insurance policy

Make an insurance contract for a car purchased on credit to protect it from unforeseen circumstances

1

Provide bank protection

The policy reduces risks for the bank and allows you to avoid financial losses

2

Get compensation

The insurance company provides compensation in the event of loss or damage

3

Benefits for the bank

Pledge protection
Pledge protection
Vehicle loss refund
Risk reduction
Risk reduction
Reduce defaults
Attracting customers
Attracting customers
Flexible conditions

Benefits for Borrower

Financial protection
Financial protection
Vehicle loss reimbursement
Calmness
Calmness
The policy reduces the burden in difficult situations
Favorable conditions
Favorable conditions
Loans with reduced rates

Risks we cover

Car loss

Car loss

The loss of a car, for example, as a result of theft.
Vehicle damage

Vehicle damage

Vehicle damage, including accident damage.
Failure to fulfill obligations

Failure to fulfill obligations

Loss that prevents the borrower from repaying the loan

What to do if something happens?

1

Within 3 days, inform us about the insurance event through the Neo Mobile app or call us on the number 71 202 55 66

2

Prepare and provide the necessary documents (for example, a policy, an accident certificate, a certificate from the PD).

3

Wait for the insurance company to assess the damage

4

Receive compensation, which will be sent either to you or directly to the bank