1. Borrower's requirements:
(1) To apply for Ping An policy loan, the borrower must be the insured.
(2) The borrower must be between 2 1 and 55 years old.
(3) Have a legal and stable job and income source. In the current unit, you need to work for more than half a year, and your monthly income must be more than 3000 yuan.
(4) Personal credit is good. There should be no bad credit records in the personal credit report.
2. Policy requirements:
(1) To apply for Ping An policy loan, the policy used to apply for the loan must be Ping An insurance policy.
(2) The policy must have cash value, and within the validity period of the insurance, the applicant has not changed in the last year.
(3) The total payment period of the policy can exceed three years (inclusive), and there is no violation of payment in the middle. The total payment amount must exceed 50,000 (inclusive), that is, the monthly payment amount exceeds that of 200 yuan.
Second, what are the conditions for policy loans?
The conditions for applying for a policy loan are: 1, and the applicant must be between 18-60 years old and be a legal citizen of Chinese mainland; 2. The applicant has a fixed residence and a stable job, and has the ability to repay; 3. The applicant's credit information is good and there is no bad credit behavior; 4. The insurance policy held by the insured must have cash value and have been insured for more than two years; 5. The policy loan must be applied in person and cannot be handled by others. 1. How to apply for a policy loan? Compared with other loan methods, the procedure of policy loan is relatively simple, usually without guarantor, collateral audit and income proof, and the loan speed is faster. Under normal circumstances, when the insured goes to the insurance company or bank to handle the policy loan business, he needs to bring the insurance policy, insurance payment invoice, ID card, passbook and other materials. It should be noted that this business must be signed by the insured. If the insured cannot be present in person, he may also issue a written statement to the insured in advance agreeing to the loan application. For friends who need loans, Bian Xiao suggested that you confirm the relevant information with insurance companies and banks in advance. 2. Can you still make claims during the policy loan period? During the policy loan period, if an insurance accident occurs, will the insurance company still pay the claim? In fact, the policy is still valid during the pledge period. If an insurance accident occurs during the loan period, the insurance company still has to pay the claim, but before paying the claim, it needs to deduct the principal and interest owed. Three. Precautions for policy loans The term of policy loans is short, and it usually needs to be paid off within six months. If the borrower fails to repay the loan in time as agreed in the contract, it will not only pay the penalty interest, but also the policy will be permanently invalid when the principal and interest of the loan reach the surrender amount. Therefore, although the policy loan can alleviate the short-term capital demand of the insured, Bian Xiao still suggests that you handle this business cautiously. If you apply for a policy loan, you must repay it on time, otherwise you will face triple losses such as penalty interest, invalid policy and poor credit information.
3. What are the terms of the policy loan?
1. This policy has been in effect for more than six months;
2. The cash value of the policy is high, but there are exceptions, such as investment-linked insurance, whose cash value fluctuates with the investment unit and cannot be determined. Therefore, although its cash value is high, it is impossible to make a policy loan;
3. The insurance policy has not paid the premium in the past two years;
4. The lender has a relatively stable source of income.
Generally speaking, policy loans can lend 70% to 80% of the cash value of the policy.
4. What are the conditions for policy mortgage loan?
situation
1, a citizen with full capacity for civil conduct;
2. Have a stable job and economic income, be able to repay the loan, have good personal credit, and have no bad credit record;
3. Provide insurance policies that meet the requirements of banks;
4. Other loan conditions stipulated by the bank.
Processing flow:
1. The applicant submits the loan application and provides relevant materials.
2. Banks accept applications and verify information.
3, approved, signed a loan agreement.
4. Banks issue loans.