The interest rate of policy loan is generally set on the basis of bank loan interest rate, which is about 5.60%, and the term of policy loan is generally 6 months. Because the interest rate of personal consumption or commercial loans of banks generally rises by 20%~30% on the basis of the benchmark interest rate, this means that it is more favorable for customers to borrow from insurance companies with insurance policies than from other banks.

Calculated by paying off the loan of 654.38+10,000 yuan in half a year, the monthly principal and interest payable is 16939.94 yuan, and the accumulated interest is 1639.67 yuan.

If the benchmark interest rate of bank loans rises by 20% and the loan interest rate is adjusted to 6.72%, the customer needs to repay the principal and interest 16994.85 yuan per month, and the accumulated interest is 1969. 12 yuan.

By comparison, the monthly repayment increased by 54.9 1 yuan, and the accumulated interest was 329.45 yuan.