1. Life insurance cannot apply for a loan within the agreed time;
2. If it is not received, it will be unstable;
3. The overdue time is long, and it takes more than 1 month to apply for a loan. Personal insurance can only be applied if it is not used. You can apply to the insurance company for details. Generally speaking, you can only apply for a loan if you apply successfully, because you have to meet certain conditions.
As long as you meet the loan conditions, you can apply to the local government, and then the government acts as your guarantor to borrow money from commercial banks, but the amount is generally not high. Moreover, the money will not be paid directly in cash, but the bank will help the applicant pay social insurance, and then the loan interest will be returned after the applicant reaches retirement age. The biggest advantage of endowment insurance loans is that they are unsecured and do not need to provide proof of income. It will not be repaid until retirement, which is very suitable for users who have financial difficulties and do not meet other loan conditions of the bank.
Social security loans are demanding, and the following conditions need to be met:
1. Social security is paid continuously 18 months or more without interruption.
2, must be 22-55 years old (excluding) residents of China (excluding Hong Kong, Macao and Taiwan).
3. Have a stable job, and the work unit buys social security and provident fund for individuals.
4. The place of work is the same as the place of application, the place of work and the place of social security payment.
5. No overdue records, and the ability to repay the loan principal and interest on time.
Legal basis:
General principles of loans
Article 9 Credit loans, secured loans and bill discounting:
Credit loan refers to the loan issued by the borrower's credit.
Secured loans refer to secured loans, mortgage loans and pledged loans.
Guaranteed loan refers to a loan issued by a third party in the form of guarantee stipulated in the Guarantee Law of People's Republic of China (PRC), with the borrower undertaking general guarantee liability or joint liability as promised.
Mortgage loan refers to the loan issued with the property of the borrower or a third party as collateral according to the mortgage method stipulated in the Guarantee Law of People's Republic of China (PRC).
Pledged loan refers to the loan issued with the movable property or rights of the borrower or the third party as the pledge according to the provisions of the Guarantee Law of People's Republic of China (PRC).
Bill discount refers to the loan issued by the lender in the form of purchasing the borrower's unexpired commercial paper.