Payment Protect is a repayment waiver. It is an optional feature you can choose to add to your loan.
Payment Protect can help protect you against unexpected events that may affect your ability to repay your loan. These could include job loss, illness, disability, or death.
If such an event happens, having Payment Protect means you will not have to pay monthly loan repayments for which you have cover, that fall due after you have notified us of the event.
You are not required to take out Payment Protect as part of your loan, but you can take it out if you want to and you meet the application criteria.