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Payment Waiver is a relatively unique form of equitable protection for both the lender and borrower.

Loan Repayment Waiver programmes are designed and structured to deliver on specific promises made by the lender to borrowers at the time of entering a loan. For example, the lender may agree, as part of the loan terms, to ’Waive’ the borrower’s repayments in the event of the borrower’s illness and temporary absence from work, or for loss of employment. Waiver programs have five distinct attributes;

  • They are designed with the specific target lending segment in mind;

  • There is validation that the targeted potential borrowers have a genuine protection need;

  • The lender ensures that the Waiver being designed addresses these specific needs;

  • The lender ensures that the proposed Waiver safeguards are transparent and fair;

  • And, the lender ensures the potential borrowers know that they are receiving this benefit as a feature of the loan.

CMutual are key innovators in this compliant and fast growing protection sector. Our programs are designed to fit the unique needs, loan types and strategies of our lending partners.

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CUNA Mutual Group Services (Ireland) Limited is regulated by the Central Bank of Ireland. Reference number C33182. CUNA Mutual Group Services (Ireland) Limited registered in Ireland number 371942; registered office 511 The Capel Building, Mary's Abbey, Dublin 7. This site contains information about products and services offered by companies within the CUNA Mutual Group Services (Ireland) Limited. From this site you can follow links to other sites operated by CUNA Mutual Group Services (Ireland) Limited companies © CUNA Mutual Group Services (Ireland) Limited 2017. All Rights Reserved.  Accessibility Statement | Privacy | T&C’s | Cookie Policy