Policy loans are secured by the cash value of life insurance, and loans are obtained from insurance companies. Life insurance policies must be savings life insurance, dividend insurance, pension insurance, annuity insurance, etc. Cash value refers to the value of the policy after all expenses are removed. When the insurance contract is signed, the insured has a hesitation period of 10 days. If the insured surrenders within the hesitation period, the insurance company will deduct the labor cost of making the insurance contract and return the remaining premium to the insured. If the insured refunds after 10, the insurance company will deduct a lot of expenses from the insured. The insurance company will deduct the commission of the insurance product, the actual operating expenses of the insurance company, the production cost, the cost of the effective days of the insurance, etc. The commission of insurance products is between 25% and 50%. After the applicant's hesitation period, there is little cash value left in the policy. Since the policy loan amount cannot exceed 80% of the cash value of the policy, the policy loan amount is even lower. The use of policy loans can not solve the problem of weekly accuracy of funds. Unless the insured pays the premium for a long time, the amount of policy loans is really not high. If the insured needs a loan, he can apply for a loan at the relevant local bank. The bank's mortgage loan amount is very high, so as long as the insured meets the loan conditions, they can borrow.
2. Is it legal for Chongqing Rural Commercial Bank to guarantee e-loan?
Legal.
But it is best to borrow from a compliant peer-to-peer lending platform. Generally, it is legal and effective to sign an electronic loan contract.
Agricultural e-loan is a loan launched by rural credit cooperatives. The credit line of agricultural e-loan shall not exceed 500,000 yuan in principle. Users can choose different terms when borrowing money, which can ensure timely return. Users must repay the loan on time after handling it, and there can be no overdue situation, because there will be penalty interest after overdue, and the longer the time, the more penalty interest.
3. What do investment and financing loans do?
SME Investment and Financing Loan Service Center is a third-party financial service institution under Jinan Yi Rong Enterprise Management Consulting Co., Ltd., which is engaged in investment and financing transactions of private lending institutions or individuals such as investment, financing and wealth management. SME investment and financing loan service center aims at serving SMEs and promoting information integration. The service center has a group of capital experts, financial experts, financial experts and legal experts with excellent comprehensive quality and rich business experience, and takes investment and financing loans as the image brand of foreign business, providing small and medium-sized enterprises with one-stop services related to private finance, such as investment and financing docking, personal financial loans, corporate fiscal and tax management, corporate VI design, advertising, legal guidance and private lending training. The service center is established in the form of alliance membership, allowing institutions willing to provide third-party intermediary services for private financial activities to settle in the service center, and the units that settle in the service center automatically become service sub-centers for small and medium-sized enterprises in various regions and enjoy the right to use TM brand for investment and financing loans. Relying on the brand of investment and financing loans, franchisees who join the headquarters of SME service center for investment and financing loans all over the country will have the right to operate regional network sub-stations under the private lending network information platform for investment and financing loans, the design results of VI system for investment and financing loans, the standard organizational structure, business processes and various rules and regulations of the headquarters for investment and financing loans. It can be used as a sub-center of SME investment and financing loan service center to carry out various types of private lending with "intermediary guarantee" as the core business model. Such as personal investment and financial management, personal private lending intermediary services, development bank loans, commercial bank loans, national SME investment and financing loans, asset management and other financing intermediary services; Network promotion and enterprise advertising operation. "Online business signing and offline business tracking" makes full use of the investment and financing loan network platform, so that all affiliated institutions can continuously absorb and screen the demand information of investment customers and financing customers for 724 hours, and ensure the accuracy and success rate of investment and financing docking services through professional checks by the risk control department and the audit department; The use of the network platform makes the private lending service sunny. At the same time, the service center will also hold various investment and financing forums, training and other activities to create opportunities for face-to-face exchanges between investors and financiers, provide opportunities for franchisees to improve their business, and provide more channels for individuals and SMEs to invest in wealth management and loans, so as to finally achieve a win-win situation among the service center, enterprises and the government. Investment and financing loans will develop more than 300 branches throughout the country. At present, there are many agents in prefecture-level cities all over the country As the first information platform, the first intermediary platform and the first publicity platform, investment and financing loans recruit franchisees for other blank areas of the country at the request of all sectors of society, so that more private financial institutions can join investment and financing loans, making us the largest private financial intermediary service institution in China.
4. What does Baoneng Loan do?
Well, with a policy loan?