Bank policy loan: the monthly payment amount is 200/ month or more for the insured (multiple policies can be superimposed, up to 3), and payment cannot be stopped. Pay in four installments after 3 years. It can be 30 times the annual premium, and some banks can do it 45 times. You can go to many banks, and each bank can do up to 500 thousand.

Small loan company: the policy expires for half a year, and the premium is greater than or equal to 200/ month (which can be superimposed), and it can be granted 50- 15000. Preparation materials: ID card, work certificate, bank account number, address certificate and insurance policy (3 copies can be superimposed).

Second, how much can the policy loan be borrowed?

Generally, you can borrow 70% to 80% of the cash value of the policy at that time. How much the policy loan can be borrowed depends on the cash value of the insurance contract at that time. Generally speaking, only annuity insurance, long-term critical illness insurance, whole life insurance and other insurance products with high cash value can be used for policy loans. Generally, you can borrow 70% to 80% of the cash value of the policy at that time, and the policy is still valid.

For example, Li Xianding can apply for a policy loan, and the cash value of the policy loan is 654.38+million. Then Mr. Li Can lends 80,000 yuan, and the policy is still valid. one

How much can I borrow from the insurance policy to buy a house? If you come with this attitude, you will inevitably be disappointed.

The prerequisite for policy loans is

For example, products with high cash value such as annuity insurance, long-term critical illness insurance and whole life insurance can be used for policy loans, while products without cash value, such as medical insurance and term life insurance, cannot be used for policy loans.

In addition, the policy loan has no leverage, and the money lent is related to the cash value of your policy. Now it is generally 80%, which is 1 10,000 yuan, so you can borrow 80,000 yuan.

Therefore, never do something that costs thousands of dollars, which is unrealistic.

But apart from these advantages, let's take a closer look.

Second, the three advantages of policy loans

The loan is convenient and the interest is low. Some companies can only pay interest.

The first and second loans of the insurance policy are fast and the interest is low.

The insurance company knows exactly how much our policy is worth, so you don't need any complicated documents to apply for a policy loan, just go to the insurance company to apply for something extra, and some insurance companies can operate it directly on the APP.

The loan interest varies from company to company, but it is generally lower than the bank's credit loan (about 6%), ranging from 4.5% to 5%.

Moreover, because the cash value of the policy would have continued to increase, in fact, the increase in interest we need to pay is higher than the interest.

Suppose my% annuity has a cash value of 6.5438+0 million and a loan of 800,000. After one year, the cash value will increase by 42,500 and the loan interest will be 39,200.

This part of interest can be covered by the cash value increase of the policy itself.

Moreover, some insurance companies have very flexible repayment methods of policy loans-they can repay the principal and interest in one lump sum, or partially, or even continue lending at interest.

In other words, as long as you can afford the interest, you can always use the money, so that you can always have the investment ability and confidence at hand. You can even reinvest your money to make a profit, not only to offset the loan interest, but also to make a surplus.

Of course, most people still suggest saving it. Investment is risky. Don't take the money that was originally used for it. If the borrowed money is not returned, the cash value corresponding to the policy will be deducted.

(2) the guarantee still exists, with 20% of the money, hit 8.

Another advantage of policy loan is that we lend money, but it does not affect the effectiveness of the policy, and the guarantee is still there. Buy 654.38+00,000 for life and pay for 20 years. The total premium and cash value is about 300,000.

It is equivalent to three times the lever.

At this time, we can lend 80% of the cash value through the policy loan, which is 240,000. After the loan, our guarantee still exists. If you need to make a claim, you can still get a claim, just deduct the sum of the loan principal and interest.

Then at this time, we will get a guarantee of 760,000 yuan with 60,000 yuan (6,543.8+0,000 insured amount minus 240,000 loans), and the remaining 240,000 yuan on hand can be used for investment.

The lever becomes 13 times.

This is equivalent to using 20% of the money, sacrificing a little interest, achieving an 80% effect, expanding the leverage of protection and maximizing the use of our funds.

(3) One money can be used for two purposes, "both buying a house and providing for the elderly"

Of course, the most powerful thing about policy loan is that it allows us to use one sum of money as several sums of money at a very small cost.

For example, children need to buy a house and the elderly need to provide for the elderly. What if there is only one sum of money?

Very simple, pay the money into a high-priced pension annuity, then lend it out through a policy loan, and then let the children repay the loan slowly.

In this way, with parents' pension money, children can also buy a house as soon as the house price rises. Moreover, because annuity insurance can be converted into compound interest of about 3.5% for a long time, the interest rate of policy loans is generally between 4.5% and 5.3%, which is equivalent to the interest rate of 1% for children to buy a house and repay the loan.

This is much lower than the mortgage interest rate (4.87%~6.23%). In addition, because the repayment method of the policy loan is relatively free, children can choose to pay it back monthly or once every six months. If they don't have enough money, they can only pay interest first, which is perfect. This is just an example of a policy loan. A sum of money can be used in many places, but there will be more abundant applications in real life, waiting for you to explore.

3. How much can I borrow from the policy loan?

Because the policy mortgage loan business takes the cash value of the policy as collateral, the loan amount cannot exceed the cash value of the policy.

Usually, the proportion stipulated by the insurance company is about 70% of the cash value of the policy.

The policy amount is determined according to the cash value of your policy, which generally does not exceed 80% of the cash value of your policy. If the cash value of your policy is 6,543,800 yuan, the maximum loan is 80,000 yuan. The cash value of each insurance policy is different. There is a cash value table in the insurance contract, and the cash value is different every year.

If you have overdue records online, or have loan records from multiple platforms, your records will be subject to big data risk control. When your online lending platform often rejects you, even the flower garden will close. If there is any abnormality in your online hacker data, you can find that Xiaoqi Credit Information can get your own big data and credit status, various index data, and you can query your own personal credit status, blacklist, online loan application record, application platform type, overdue amount, whether there are arbitration cases and other important data information.

Extended data:

What information do you need to apply for a policy credit loan?

The loan needs to prepare the following information.

1. The insurance policy issued by the insurance company to the insured is an important proof of the insured.

2. Insurance premiums issued by insurance companies. Generally, insurance with cash value is long-term payment insurance. It is necessary to ensure that the policy is in a valid state through payment vouchers.

3. A copy of the applicant's ID card and bank card account.

4. The applicant's bank card runs smoothly, ensuring that the applicant has certain repayment ability.

5, apply for employment certificate or income certificate and other information.

4. How much can I borrow from an insurance loan?

It depends on how long your insurance has been in effect and how much you pay each year.