ask us
anything

LoanCardCover.com provides loan advance insurance solutions designed to protect lenders from financial losses when borrowers default due to specific covered reasons such as job loss, disability, or other unforeseen circumstances.

Loan advance insurance is a policy that covers the outstanding balance of a loan if the borrower defaults due to covered events. It ensures lenders can recover part or all of the loan amount, reducing financial risk.

Eligibility is determined based on:

• Borrower’s credit history
• Employment status
• Debt-to-income ratio
• Legal age and residency status
  Some high-risk loans or short-term advances may be excluded from coverage.

Coverage typically applies to:

1. Personal loans
2. Business loans
3. Auto loans

Loan categories with excessive interest rates or poor underwriting may be excluded.