General long-term life insurance or products to be launched in the near future have high cash value, and loans can be made through policy pledge, with the maximum loanable cash value of 90%, the annual loan interest rate of about 5%, the loan period of half a year, and the loan can be renewed. Ping An Pratt & Whitney Policy Loan Interest Rate: The loan interest rate of Ping An Pratt & Whitney Policy Loan varies with different policies, and the specific interest rate will be determined by the bank according to the actual situation of the borrower. Some policies and their loan interest rates are as follows: Ping An Pratt & Whitney policy loan interest calculation: Taking life insurance loans as an example, the reference interest rate of life insurance loans is 6.09%~7.6%/ year, and the reference premium is 1.5%~ 1.7%/ month.
Assuming that the loan amount is 50,000 yuan, which is paid off in one year, the interest rate is 7% and the premium 1.5%, then the interest is 500,007% = 3,500 yuan and the premium is 50,0001.5%/2 = 9,000 yuan. Ping An Pratt & Whitney Policy Loan Conditions:
Second, is the interest rate of 300,000.24% of Ping An policy loan high? How much do you pay back every month?
The monthly interest rate is 0.24%, and the annual interest rate is only 2.88%. The loan interest rate is very low%, which belongs to the benchmark downward, monthly interest rate.
3. Is the interest rate of 300,000 0.24% for Ping An policy loan high? How much do you pay back every month?
The monthly interest rate of Ping An policy loan is 0.24% for 300,000 yuan, and the interest rate is not high, which is also 720 yuan per month. General long-term life insurance or products to be launched in the near future have high cash value, and loans can be made through policy pledge, with the maximum loanable cash value of 90%, the annual loan interest rate of about 5%, the loan period of half a year, and the loan can be renewed. The loan conditions of Ping An Pratt & Whitney Policy are as follows: 1. Borrowers applying for Ping An Pratt & Whitney policy loans must meet these conditions: they are between the ages of 22 and 55; Good credit record; The monthly income is more than 3,000 yuan; The online unit has worked continuously for half a year (or more); 2. The requirements of the policy as collateral are: the applicant must be the borrower himself; The cumulative payment period of the policy is not less than three years; The total payment amount is not less than 50,000 (the monthly payment amount is above 200 yuan) and other conditions; 3. If the borrower goes to the bank in person, the loan materials to be provided include the insurance contract, the applicant's valid identity certificate, current settlement account, etc. If the applicant and the insured are the same person; If the applicant and the insured are not the same person, in addition to the above materials, the identity certificate of the insured shall also be provided. Interest is the use fee of money in a certain period of time, and it refers to the reward that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit. The main functions of interest rate are as follows: 1. Interest rates can adjust the exchange rate. For example, if the interest rate rises, the currency will strengthen, and if the interest rate falls, the currency will weaken. 2. Interest rates can also be regulated economically. When the deposit interest rate rises, consumption will decrease, and when the deposit interest rate falls, consumption will increase; 3. If the deposit interest rate is raised, the supply of social funds can be adjusted and residents' savings can be increased; 4. Interest rate will also affect the investment scale. Rising interest rates will increase investment costs, while falling interest rates will increase investment scale.
Four, Ping An Bank policy loan interest
Ping An Insurance uses policy loans with an annual interest rate of 4.25%.