Policy loan process:

1. Prepare all the information required for the loan, including the original personal ID card (if the policy holder and the insured are not the same person, additional Prepare the original ID card of the insured person), original insurance policy, bank card number and other information specified by the insurance company, and apply for a loan at the lending institution;

2. The staff of the lending institution accepts the application and reviews the information;

3. After passing the review, the banking institution will determine the loan amount and sign a loan contract with the borrower. After the contract is signed, the policy is left to the lending institution as collateral to issue the loan;

4. The borrower repays the principal and interest as stipulated in the contract.