Zhongan small loan has a quota, so you can withdraw it without paying insurance first. Zhongan Small Loan is a financial technology enterprise featuring Internet insurance technology and operator resources. Committed to providing inclusive finance services for individual users and small and micro customers. The maximum amount that Zhongan Small Loan can apply for is 200,000 yuan, and the amount that ordinary users can apply for is about several thousand yuan. The loan term is 6- 12 months. The specific amount of application will be evaluated according to the borrower's credit and income level, and the final amount of application will fluctuate.

1. Do I need to pay insurance before withdrawing the small loan from Zhongan?

1. Since Zhongan Small Loan is an unsecured credit loan, choosing loan guarantee insurance can improve the success rate of application and enhance the credit of users' loans.

2. Zhongan Small Loan is based on big data risk control, and determines whether to underwrite and rate by judging the credit qualification of users. Of course, on the Zhongan small loan platform, you can also choose the way of direct loan without increasing credit through insurance.

2. Zhongan small loan premium means that the borrower needs to pay a certain premium for borrowing on Zhongan small loan.

Premiums generally exist in online loans. In fact, the premium of the loan is a kind of credit insurance to prevent the borrower from borrowing but not paying back, but the premium also increases the borrower's loan interest to some extent. If users apply for a loan on Zhongan Small Loan Platform, choosing to pay the premium will improve the pass rate of the application, and borrowers with high credit qualifications will get less premium.

To sum up, Zhongan Technology is a wholly-owned subsidiary of Zhongan Insurance. As the first Internet insurance company in China, Zhongan Insurance is a financial enterprise with industry-leading technological capabilities. The premium of Zhongan loan is purchased to prevent the borrower from being unable to repay the loan. If the borrower fails to repay the loan, it will start repayment insurance to repay. If the borrower repays the loan on time and pays off the loan in Zhong 'an, the loan premium of Zhong 'an can be refunded.