1. Can I get a loan from Ping An Bank with Ping An’s insurance policy?
Yes! As long as you have bought insurance from Ping An, you can apply for it, but it is not handled by Ping An Bank, but by Ping An’s credit department! Nowadays, many companies can apply for loans and credit. Where are you? I can introduce you to one!
2. I have an insurance policy, can I get a loan from Guiyang Ping An Bank?
I can use the insurance policy for loans!
Application conditions:
1. The policy has been in force for more than 6 months
2. Insurance with a monthly premium of more than 200 yuan
Application materials:
1. ID card
p>3. Proof of address
4. Insurance policy (three copies can be stacked)
3. I have an insurance policy, can I get a loan from Guiyang Ping An Bank?
< p>Yes4. I have an insurance policy with Ping An and it says I can borrow 200,000 yuan. How is the interest calculated?
There are two types of policy loans that are often mentioned:
1. Insurance has its own functions, and the contract itself has terms and conditions. The loan ratio is generally 80% of the cash value of the policy, and the borrowing interest rate is slightly It is higher than the current loan interest rate of the bank, and the protection, cash flow, dividends and other functions of the policy will not be affected during the period. It is a good way to realize cash, but the early cash value of the policy is very small and the liquidity is weak
2. The essence is Credit loans and insurance policies are only equivalent to a proof of solvency. There are many other ways to prove repayment ability, such as car loans, housing loans, provident funds, etc. Since credit loans are generally repayments of equal amounts of principal and interest, the actual interest rate is much higher than the monthly interest rate of 6% advertised by the sales, and the annualized rate is generally 20% or even higher.
Many insurance salespeople over-package insurance credit loan functions in order to promote sales. Whether to use a credit loan depends on your own needs, but don’t put the cart before the horse and buy a bad insurance indiscriminately just to get a credit loan that you may not be able to use. Insurance is more important!