MBNA Loan

Safeguarding your repayment with MBNA Payment Protection Cover.

MBNA Payment Protection Cover can ensure that your loan is protected should you be unable to meet your repayments due to accident, sickness or involuntary unemployment. Valuable life cover is also included and can pay off your entire loan balance. What's more, MBNA Payment Protection Cover pays out in addition to any other income you receive - at a time when you need it most.

For more information and to make sure you are eligible to apply for this cover, please select Summary of Cover.

Why should I protect my loan repayments?
If your loan is protected and you are unable to meet the repayments due to accident, sickness or involuntary unemployment, MBNA Payment Protection Cover can meet your whole monthly repayment for you.
If you lose your life, the entire balance of your loan can be paid for you (less any arrears).
When you're taking out a loan, it will give you more peace of mind to know your repayments are protected.
This extensive cover is especially designed for MBNA Personal Loan Customers. Payment Protection Cover is provided by Norwich Union, one of the UK's leading insurance companies.

How soon can a claim be made?
Claims can be made after 15 consecutive days of unemployment or disability. Unlike many other policies, claims are backdated to the first day you were unable to work.

How long will payments be made?
Accident and sickness benefit is payable for the duration of the loan or until you return to work, whichever occurs first.
Unemployment benefit is payable for a maximum of 12 months, or until you return to work, whichever occurs first.

MBNA Europe Bank Limited, Stansfield House, Chester Business Park, Chester, CH4 9QQ. Registered in England No. 2783251.