Ping An Bank is a cross-regional joint-stock commercial bank controlled by China Ping An Insurance (Group) Co., Ltd., and one of Chinese mainland 12 national joint-stock commercial banks. The registered capital is 565,438 yuan+23.35 million yuan, and the total assets are nearly 65,438 yuan +0.37 trillion yuan. The capital background is strong, and the interest rate is relatively low compared with other big-name loan platforms. China Ping An refers to China Ping An Insurance (Group) Co., Ltd. (hereinafter referred to as China Ping An, China Ping An Insurance, China Ping An Insurance Company and China Ping An Group). 1988 was born in Shekou, Shenzhen. It is the first joint-stock insurance enterprise in China and has developed into an integrated, compact and diversified comprehensive financial service group integrating financial insurance, banking and investment.
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Ping An Insurance Loan (policy loan) has the following advantages:
1, the procedure is simple. As long as the applicant holds a valid insurance policy and the original ID card, it can be handled without any collateral or evaluation.
2. Lending time is short, so there is no need to wait for a long time: the average user can receive the loan within 7 to 10 working days. Policy loans don't need to wait more than a month like banks.
3. Low loan interest: The annual interest rate of China Ping An policy loan is 4.25%, which is lower than the bank loan interest rate in the same period.
4. Support the borrower to repay the principal and continue to use the principal: Take Ping An insurance policy loan as an example, the customer only needs to repay the principal and interest once every six months, and the loan amount can continue to be used.
5. During the loan period, the interest of the borrower's policy is not affected, that is, during the loan period, the guarantee function, return function and dividend distribution of the policy are not affected.
The calculation formula of policy loan interest of Ping An Bank is: interest = loan amount × loan term × loan interest rate. For example, the borrower applies for a policy loan of 1 1,000 yuan in Ping An Bank, and the loan period is one year, and the total interest generated is: interest = 1 1,000×/kloc-0 /× 4.25% = 42.5 yuan. It should be noted that the interest rate of policy loans is generally "the ratio of the two-year resident time deposit rate announced by the People's Bank of China on the first business day of each month to 2.5%, whichever is greater", plus 2.0%. Of course, local branches may adjust interest rates according to local policies and market conditions.