This is a kind of credit insurance, based on the debtor's credit. Here, if you borrow money from the bank, you are the debtor. You have an obligation to repay the bank loan. In order to reduce the risk of funds, the bank requires insurance for the buyer.
Therefore, it plays a role in protecting buyers from special circumstances such as death and disability when they are unable to fulfill their repayment obligations. If the buyers have the above accidents in the process of repaying the loan, the insurance company will repay the loan, so that the purpose of the bank will be achieved.
Extended data
Private enterprises can get loans in time, which is beneficial to the development of private economy. Secondly, it eases the contradiction between the restriction of the banking system and increasing investment. As the owner of operating credit funds, banks are faced with the risk of not being able to recover loans on time, and often require loan enterprises to provide mortgages or guarantees.
For the domestic insurance industry, it not only provides an effective way to develop new types of insurance, but also does not need to increase additional costs. At present, the cooperation between bank and insurance is deepening day by day, so loan credit insurance may as well try. It should be said that this is a good starting point
Credit insurance can solve the urgent need of loans. With personal credit, you can get a small consumer loan from the bank within 3~5 working days without collateral and guarantor, which is the direct role of credit insurance loans.
Do you need to pay insurance money for online loans?
Online loans need to pay insurance money.
Relevant regulations on online loans:
1. The loan investigator will conduct a preliminary review of the borrower's needs and qualifications. If the information at the time of pre-trial is true, it will be preliminarily judged that there are potential matching lending institutions, and there will also be a telephone survey link;
2. If the borrower has good qualifications and a matching lending institution, the online loan will be directly recommended to the cooperative institution;
3. If the borrower's qualification is not enough, or it can't be matched with a suitable institution for the time being, the online loan system will screen the borrower's loan demand and post it online to find more loan opportunities for him;
4. After re-examination, the bank that needs to contribute capital will take the initiative to contact the borrower to understand the relevant situation and communicate the details such as the specific loan interest rate, term, amount and repayment method. The two parties will sign the relevant contract after consultation.
Therefore, online loans need to pay insurance premiums.
Extended data:
The calculation method of online loan is as follows:
Online loan = main business income-main business cost-period expenses-main business tax = main business income-main business cost-sales expenses-financial expenses-management expenses-main business tax.
Pre-tax profit of products = product sales revenue-product sales cost-sales tax after allocation and additional-period expenses after allocation.
Product sales revenue = domestic sales revenue+export sales revenue
Product sales cost refers to the sales cost corresponding to product sales revenue.
Sales tax and surcharges after apportionment = main business tax and surcharges of the enterprise × apportionment ratio (apportioned according to sales).
Period expenses after allocation = total enterprise period expenses × allocation ratio (allocated according to sales)
Distribution proportion (%) = sales of this product/sales of all products produced by the enterprise (including this product) × 100%.
Why borrow money online to buy insurance?
Why borrow money online to buy insurance?
Borrowing money online to buy insurance is because loans and insurance products are bundled, and users must agree to buy insurance before submitting loan applications. In this case, if the user does not want to buy insurance, he can try to cancel the option of buying insurance and then submit a loan application. If it cannot be checked, users can apply for other loans that do not require insurance.
After the user buys insurance, this premium is paid to the insurance company, and the lending institution will not charge this fee. Therefore, if the user is willing to pay the insurance premium, this fee cannot be regarded as the pre-loan fee.
Is it necessary to borrow money to buy insurance?
There is no need to borrow money to buy insurance. We only need to allocate insurance when the economy allows, and give priority to the guaranteed insurance. The main function of guarantee insurance is to avoid, transfer risks and reduce medical losses.
1. Avoiding and transferring risks: avoiding risks and preventing accidents. You can protect yourself with insurance.
2. Reduce medical losses: having medical insurance as a guarantee can reduce the burden of medical expenses.
Do you need a physical examination before buying insurance?
There is no need for active physical examination before insurance. Mainland insurance is basically based on the principle of "limited notification". Simply put, I won't tell the insurance company what he asks and what we answer.
Without a physical examination, you don't know the minor problems that may occur in your body, and the hospital has no records and needless to say; But if you go for a physical examination, the hospital will record it, which will really affect your health and probably affect the underwriting results.
What does it mean to buy insurance with a loan?
Buying insurance with a loan means that if you get a loan, you may not be able to pay it back. If not, he can go to the insurance company for compensation at this time.
Generally speaking, people engaged in high-risk jobs and the elderly will be required to buy such insurance. If this person dies unexpectedly, it will lead to the inability to pay off the bank loan. If you buy insurance, the loss of the bank will be reduced.
On the other hand, for the sake of insurance, banks will let lenders buy this kind of insurance to reduce losses and maximize benefits.
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