After the loan is approved, it can be paid to the account. The approval of policy loans usually takes 1~5 working days (excluding Saturday, Sunday and legal holidays). The specific time is related to the lending institution applied by the lender and the personal qualification of the applicant. After receiving the account, the lender can consult the lending institution through customer service telephone or directly inquire at the business outlets of the lending institution.

Policy loans have the characteristics of short term and large amount. Because there are many kinds of policy loans, and many factors of the borrower will affect the speed of mortgage, dad dare not generalize. However, the general policy loan can be completed in 2-3 days. If you have complete information and are fully prepared, it is entirely possible to lend money on the same day. For example, life insurance policy loans arrive in a few days, mainly depending on the user's application route. If it is an online application and online review, the loan and the account will be completed on the same day after the review is passed. Offline application for policy loans is slower than online application, because both review and lending are done manually. It usually takes 1-3 days for users to lend money after they have passed the loan review.

：

Ping An Bank has launched a new life insurance policy loan, which is usually granted within 1-3 working days. After approval, the loan is generally released within three working days.

Conditions to be met: 1. There are outlets in the city where you work and live; 2. China citizens holding second-generation ID cards; 3. Age is 23-55 years old (inclusive); 4. The policy payment method is not wholesale payment; 5. The current status of the policy is valid, in which the insurance cannot be interrupted during the payment period, and the application is not supported when it is re-effective; 6. Do not accept that the policy has a corresponding policy loan; The corresponding policy loan has been settled and the settlement time is 6 months or more, which is acceptable; 7. The payment period of the policy shall not be less than the payment period of the policy; And the annual payment frequency is ≥3 times. Among them, the quarterly payment times are ≥9 times, and the monthly payment times are ≥25 times; 8. The insured has not changed in the past year.

How soon can the policy loan application arrive?

Policy loan is a short-term loan financing method, and many business owners and individuals are willing to lend in this way. When people need to borrow money urgently, they are more concerned about when the money will arrive and how many days it can be paid. Then, how long will it take for the policy loan application to arrive? How many days does the loan take?

Policy loans have the characteristics of short term and large amount. Because there are many kinds of policy loans, and many factors of the borrower will affect the speed of mortgage, dad dare not generalize. However, the general policy loan can be completed in 2-3 days. If you have complete information and are fully prepared, it is entirely possible to lend money on the same day.

Life insurance policy loans arrive in a few days, mainly depending on the user's application route. If it is an online application and online review, the loan and the account will be completed on the same day after the review is passed. Offline application for policy loans is slower than online application, because both review and lending are done manually. It usually takes 1-3 days for users to lend money after they have passed the loan review.

If it hasn't arrived for a long time, please call China Life Customer Service Hotline directly.

How long does the policy loan take?

Policy loans can generally be received within 3 days. Policy loan is a kind of credit loan product, which can be received in 2 to 3 days. If the application materials are complete and the borrower's credit status meets the approval requirements, the loan can be released on the same day at the earliest. Take Ping An Pratt & Whitney's life insurance loan as an example, its lending time is the same day, and the lending speed is still relatively fast.

Policy loan is a loan obtained from an insurance company with the cash value of life insurance policy as the guarantee. The one-time loanable amount of such loans depends on the effective year of the policy; The age of the insured and the amount of compensation for death when the policy is issued.

Definition:

The so-called policy loan refers to a loan method in which the insured mortgages the policy he holds to the insurance company and obtains funds according to a certain proportion of the cash value of the policy. Since the customer's insurance protection is not affected in this process, the policy is still valid.

An insurance company loan secured by the cash value of a life insurance policy. The one-time loanable amount of such loans depends on the effective year of the policy; The age of the insured and the amount of compensation for death when the policy is issued. Although recent insurance policies usually only allow borrowing at interest rates linked to the money market, the interest rate of such loans to policy holders is often lower than the market interest rate.

If the insured fails to repay the loan, the principal and interest of the loan will be deducted from the death compensation in the life insurance policy. Under normal circumstances, policy loans can only be targeted at policies with' cash value'. Long-term life insurance with saving nature, such as endowment insurance, whole life insurance, endowment insurance, universal insurance and dividend insurance, will have cash value after one year of insurance, and the longer the payment time, the higher the accumulated cash value. These policies can usually be used for policy loans, but the specific situation depends on the specific terms in the insurance contract.

Basic types:

Short-term accident insurance and health insurance, because there is no cash value, or the cash value is very low, such policies can not be used for policy loans. Although cash value is an important factor in evaluating whether a policy can be loaned, it is not only the policy with high cash value that can be loaned. The most typical example is linked insurance.

As an insurance with investment function, investment-linked insurance with a premium of more than 100,000 yuan is not uncommon, and it will soon accumulate considerable cash value. "Although investment-linked insurance has cash value, it is impossible to make a policy loan because the value fluctuates with the price of the investment unit."