PremFina secures £400 million debt facility from Lloyds

UK insurance premium finance provider PremFina has secured a £400 million senior debt facility from Lloyds to support the continued growth of its loan book.

The facility complements the £100 million junior capital facility PremFina secured from Waterfall Asset Management in March 2026, bringing the two facilities to a combined £500 million.

PremFina said its loan book has grown by more than 300% over the past 18 months. The company plans to use the additional funding capacity to scale the business and said it could potentially access public asset-backed securities markets in the future.

“This transaction is another important milestone for PremFina. The support from a leading UK bank such as Lloyds alongside Waterfall Asset Management strengthens our funding platform to support continued growth of the business. With strong momentum across the business, we remain focused on delivering our business plan to achieve significant growth while maintaining strong performance levels.” – Sharon Bishop, CEO of PremFina.