Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
PPI
Also known as Payment Protection Insurance. PPI is an optional insurance product that can protect loan applicants in the event of serious illness, job loss or any other variable that could hinder the ability to meet repayment commitments.