Attvest Finance (Attvest) is an established premium funding provider that PDL has partnered with to provide our members with the option to pay their PDL membership including Professional Liabilities (PI) insurance premium on a monthly basis. When a member elects the monthly instalment payment option, they actually establish a loan with Attvest.
As this option is a loan, it does cost slightly more than paying upfront as it is subject to a monthly interest rate – the current rate is 6.3% per annum which equates to less than $2.00 extra per month.
If you are eligible, the monthly instalment option can be selected online when you first join PDL or renew your membership each year. If selected, you will be required to nominate your preferred credit card or bank account to have your monthly instalments deducted from.
If you are an existing member and have previously had a loan cancelled by Attvest due to multiple defaults, this option may not be made available to you.
Monthly instalments are deducted on the 30th of each month unless that day falls on a weekend or a public holiday wherein the amount will be deducted on the last business day before the 30th. The instalment represents payment for the following month.
All instalment amounts are equal except the first that may be subject to rounding.
You agree and acknowledge that by electing the monthly instalment option that:
For any approved loan, Attvest will contact members directly to provide them with a Welcome Pack. They will also make direct contact with PDL members in the following circumstances:
They will also keep PDL informed of these activities to ensure that we contact you should there be any impacts to a member’s membership / PI insurance.
Members with loans can also contact Attvest directly on 1300 363 594 or email collections@attvest.com.au to:
Pharmaceutical Defence Limited (PDL) acknowledges the Traditional Owners of Country throughout Australia and their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the Elders past and present.