Premium Credit review UK 2026, instalment finance for insurance premiums, tax and professional fees

What Premium Credit lends

The core product is premium finance. A broker arranges the policy, Premium Credit pays the insurer the whole premium up front, and the business repays the amount plus interest in monthly Direct Debits under terms agreed with the broker. The partners page describes the same three-step flow for any annually charged fee, and its 2026 fair value assessments name six product lines: insurance premium finance, education through School Fee Plan and professional training, leisure, professions and tax.

Regulatory fees have their own plan. Firms authorised by the FCA can spread their FCA, PRA, FSCS and MoneyHelper fees and levies over monthly payments through a dedicated online portal. The page says the service has run for over 15 years and helped more than 1,600 companies in the last year, and that a signed and dated agreement must reach Premium Credit within 14 days of the invoice date for the fee to be settled by its due date.

Beyond insurance and regulatory fees the FAQ page lists accountancy fees and other annually charged invoices, FeePlan does the same job in Ireland, and Fairway Credit and a football season ticket plan cover memberships. The tax line, the one our panel holds, works on the same mechanics as the rest: the liability is paid at the outset and the business meets it over a fixed number of monthly collections, with the first collection date and the full schedule printed in the welcome letter and on the customer's online account.

Who Premium Credit lends to

Business customers reach it through an intermediary. On the insurance side that means one of the 2,000 or more brokers it works with, the broker networks it names, among them Broker Network, Brokerbility and Compass, and insurers including Allianz, AXA, Chubb, RSA and Zurich. Its brokers page also offers intermediaries terms on their own professional indemnity premiums. Regulatory fee funding is open to regulated financial services firms, and every agreement is subject to status and to the customer being 18 or over.

The investors page describes the customer base as corporates and individuals buying insurance and a range of annually charged fees and services, 3 million of them in 2025 with £6bn of payments handled. The site footer states that Premium Credit Limited is authorised and regulated by the Financial Conduct Authority under Firm Reference number 702718, and our worksheet records a check of the Register on 9 September 2026 showing the firm Authorised since 27 July 2017 under company 02015200. The entry can be read at register.fca.org.uk.

How an application runs

For business insurance the customer page sets out six steps. The business gives its personal and bank details, Premium Credit prepares the paperwork and a loan confirmation, the customer reviews the repayment amounts and dates, signs the credit agreement online through the My Premium Credit portal, Premium Credit pays the insurer directly, and the instalments are collected by monthly Direct Debit. Brokers on the Acturis, Applied, Open GI or SSP systems transact through an XML integration, and the brokers page says compliance documentation is handled by Premium Credit.

Regulatory fee plans start on a separate portal, with the 14-day signing window counted from the invoice date. Tax and professions plans reach the lender through the intermediary that introduces the business, and the customer signs the same form of credit agreement, with the liability settled at the outset and the instalments collected under the schedule in the welcome letter. Once live, every account is managed at My Premium Credit, where a customer can see payments made, change bank details, which takes up to 5 working days to apply, or move a payment date. Banks are notified 3 working days before each collection.

When a tax or professions instalment plan comes through us, a named case handler puts the liability, the term wanted and the accounts to Premium Credit and to the other panel lenders writing short business loans, then submits to whichever the client picks. We arrange; Premium Credit decides. Enquiring does not affect your credit score.

Premium Credit on our panel

At September 2026 the 2 live Premium Credit products we held were both business loans, sized between £10,000 and £1m on terms between 3 months and 12 months. That is one category read from our own pull, a description of the panel on that date rather than an offer, and it changes as products are added or withdrawn.

Around it, at September 2026 we counted 21 lender brands on the panel with a live unsecured product for a business trading under a year, 39 lending unsecured to a director who does not own a home, and 43 writing unsecured loans in Scotland. Those are counts of brands holding at least one live product, and say nothing about Premium Credit's own criteria.