Policies with cash value can be used for loans, and cash value refers to the specific money that can be taken back when surrendering. Generally speaking, the amount of policy loans can be higher than the cash value or 80% of the cash value, but some insurance products can lend 95% of the cash value. The policy can be borrowed from banks, insurance companies and other financial institutions, and the interest varies with the loan amount.

Among them, the bank loan interest rate is the lowest, and the general annual interest rate is above 4% and below 5%. The interest rate of insurance companies is around 5%-6%, while the loan interest rate of other financial institutions such as online lending companies is very high, usually around 10%-24%. Therefore, the policy loan itself is a relatively reliable loan form, but the interest of different loan channels varies greatly. It is recommended to choose loans from banks or insurance companies as much as possible.

Second, is the insurance loan reliable?

In short, the interest rate of any kind of loan is not low, which is beyond my own calculation.

Third, car loans, insurance to insurance companies, or not to insurance companies?

Car loans are given priority to banks, and bank interest is lower than that of insurance companies. What's more, the bank has been slow to come.

Contact the local Ping An car loan department and it will arrive in 2 days. Don't look for a loan company to handle this kind of thing, just call the customer of Ping An Bank directly.

The bank came too slowly.

It's not worth paying a service fee to find a loan company.