People's Insurance Company of China (PICC) is an unsecured loan business, which was launched on 20 18 to serve local residents in Ankang. As long as the insurance is successful, the insured (borrower) can apply for a small loan issued by PICC cooperative bank.
Loans issued by the lender to the borrower for the purchase of owner-occupied houses and the repair and construction of owner-occupied houses (excluding export houses) by urban residents. It mainly includes six aspects: personal housing commercial loans, personal housing provident fund loans, personal housing portfolio loans, personal automobile consumption loans, personal durable consumer goods loans and personal consumption loans.
Extended data:
China PICC loan is introduced as follows:
Usually, the longer the loan term or the higher the down payment ratio, the smaller the monthly repayment amount, and vice versa. The expected monthly income level is an objective constraint to determine the repayment arrangement. According to the experience of housing loans in developed countries, the average monthly repayment amount accounts for 15-50% of the monthly income level.
If it exceeds 50%, the borrower's daily life and consumption level will be adversely affected. In absolute terms, the residual income of a family after monthly repayment should at least be higher than the minimum living standard per capita stipulated by Beijing. Repayment according to income is the most important point of personal loan.
Phoenix. Com-PICC P&C Insurance Company Limited
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