ASDA Loan Insurance
If anything goes wrong, we’ve got you covered
You can choose to protect your loan repayments by taking out our optional ASDA Little Loan Insurance when you apply for your ASDA Little Loan. If you take out ASDA Little Loan Insurance and for some reason find you aren’t able to make your repayments we could take care of them for you. There are three different levels of loan insurance available, so you can choose the right cover to suit your personal circumstances and the size of your unsecured loan.
ASDA Loan Insurance explained
Life Coverclose
If you were to die, ASDA Little Loan Insurance could pay off your loan so that your family don't have to.
Disabilityclose
If the unforeseen happened and you became disabled, ASDA Little Loan Insurance could pay your monthly payments for you.
Unemploymentclose
If you lose your job and are unable to meet your monthly repayments, ASDA Little Loan Insurance could make your monthly repayments for you.
Critical illnessclose
If you are diagnosed with a critical illness, we could clear the balance of your loan. (For a full list of critical illnesses please see the policy)
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See how we compare
The table below shows an example of a £4,500 loan over 36 months.
| Loan Provider | Typical APR | 36 Monthly Payments with Insurance | 36 Monthly Payments without Insurance | Monthly Payment Difference | |
|---|---|---|---|---|---|
| ASDA | 12.9% | £167.42 | £149.89 | £17.53 | |
| Halifax | 14.9% | £181.79 | £157.44 | £24.35 | |
| Tesco | 15.8% | £180.20 | £155.41 | £24.79 | |
| Lloyds TSB | 18.9% | £193.04 | £161.51 | £31.53 | |
| ASDA total monthly repayments with silver insurance £6,027.08. ASDA total monthly repayment without insurance £5,395.77. Source: Competitor websites 04/08/2008. | |||||
