Wired
In 2022, the 100,000 yuan labor insurance relief loan application is officially launched! The Labor Bureau announced that it will start applying for labor insurance relief loans from December 30. Each person can borrow up to 100,000 yuan, with an annual interest rate of 1.28%, and an ultra-low interest rate. As long as you meet the 4 qualifications, you can apply. The 2022 labor insurance relief loan application conditions, loan methods, interest rates and repayment period, people who need to apply quickly, I wish you a good year.
When will the 2022 labor insurance relief loan be applied for?
The application period for the 111-year labor insurance relief loan will be closed from December 30, 2021 to January 14, 2022.
Labor insurance relief loan application, conditions and qualification restrictions?
The labor insurance relief loan program introduced by the Ministry of Labor is mainly to solve the difficulties of life and rescue the people. There is an emergency loan channel. There is no need to pay any fees for applying for this loan. You can apply as long as you meet the following four requirements. Each person can only apply once, and repeated applications will not be accepted.
application form
- Difficulties in life need relief.
- Participating in labor insurance for more than 15 years (calculated until January 14, 111).
- No arrears of labor insurance premiums and late payment fees.
- Have never borrowed a labor insurance relief loan, or have borrowed and have paid off the loan principal and interest.
Not eligible for application
If you have already applied for the following three kinds of assistance, you will not be eligible to apply for a labor insurance relief loan:
- Old age benefits
- Disability payment for life-long incapacity
- Those who apply for labor insurance compensation from the agency to which they belong
From the above information, it can be determined that those with bankruptcy or poor credit in the labor insurance relief loan cannot apply for a rescue loan. In addition, those who have applied for a labor relief loan in 2021 and have not paid the principal and interest normally will also not be able to apply for the 2022 labor insurance. Bail-out loans.
How much can a labor insurance relief loan be loaned? What is the loan interest rate?
The Bureau of Labor Insurance stated that the maximum loan amount per person for labor insurance relief loans is NT$100,000.
The labor insurance relief loan interest rate is 1.28% per annum. It is reported by the Labor Insurance Bureau to the Ministry of Labor on the first business day of January and July of each year. The annual interest rate of the labor insurance fund fixed deposit plus the commission rate of the agency bank is announced and adjusted. Calculated at the adjusted annual interest rate from the adjustment date.
What information do I need to prepare for the labor insurance relief loan application method?
If you are sure that you are eligible for the labor insurance relief loan application, you can choose to apply for the “labor insurance relief loan” through the counter, online or by post (details will be described later):
How to apply for a labor insurance relief loan at the counter
If you choose the on-site “Apply on the Counter” Labor Relief Loan, you need to download and print the application form first, check the fifth item of the attached documents, and apply in person to the branch of the Land Bank or the financial institution entrusted by it:
- Application (Click me to download)
- Personal documents (such as ID cards, etc.)
- Insurer’s Seal
- 1 copy of the original, front and back copy of the land bank passbook and the insured’s identity card
- Bring 2 copies of your ID card and 1 copy of your health insurance card or driver’s license if you haven’t opened an account in the local bank
- No fees are required to apply
What should I do if I cannot go there to apply?
If you are unable to handle the case in person due to injury or illness, you should submit a power of attorney, relevant certification documents issued by a medical institution, a household register (or other sufficient proof of the relationship between the insured and the trustee), and the trustee’s seal and identity card One copy of the original and one copy of the original and the back (returned after the original is inspected) is entrusted to relatives. After the approval is passed, the fifth item shall be checked and attached documents, and the insured shall go to the branch or financial institution of the original application to sign the contract and verify the documents. Guarantee and funding procedures.
“Online Application” Labor Insurance Relief Loan Process
Currently, only the Land Bank provides online applications for labor insurance relief loans, as long as the application can be applied on the open application date, the detailed application process is as follows:
- Open “111-year labor insurance insured bailout loan“website
- Complete the loan application information
- Online verification
- Upload documents (identity card, health insurance card)
- Online guarantee application and confirmation
- Online guarantee contract confirmation
- Application complete
Query loan results
After that, you will wait for the approval. Whether it is an online application or a counter application, you can click on the homepage of the bailout loanInquiry/Replenishment“Button to check the progress of the loan application and the verification result.
If the loan application is successful, you need to click the “View” button and enter your mobile phone number. The system will automatically send a SMS verification code. Just click “Start Verification” in the SMS and the system will display the content of the loan application data. 100,000 yuan will be transferred to the designated account.
How to apply for a labor insurance relief loan by post
Of course, you can also choose to apply for a labor insurance relief loan directly through registered mail, as long as you prepare the following information and send it to the branch of the Land Bank or its entrusted financial institution (look for the address).
After the verification is passed, check the fifth item of documents to be attached, and go to the branch or financial institution of the original application to go through the contract guarantee and funding procedures in person.
How much do I have to repay the labor insurance relief loan every month?
When the labor insurance relief loan of 100,000 yuan is successfully loaned, it is divided into three years with an interest rate of 1.28%. The interest is paid on a monthly basis for the first 6 months without repaying the principal. Starting from the seventh month, the principal and interest are amortized on a monthly basis. You can choose the following two Repayment methods:
- You can pay only RMB 107 in interest for the first six months, and pay RMB 3,389 in principal and interest every month from the seventh month.
- The monthly repayment amount of principal and interest is 1,495 yuan (principal plus 107 yuan in interest), and the actual repayment amount is 101,986 yuan, which is equivalent to 1,986 yuan, which is the interest expense, and it can be regarded as the most favorable loan method at present.
Can the labor insurance relief loan be repaid in advance?
Since the labor insurance relief loan is not bound, it takes 3 years. Of course, if you have money, you don’t have to wait until 3 years to repay it. As long as you pay off within one year, you may not need to pay any interest expenses on the labor insurance relief loan.
The above is the “Labor Insurance Relief Loan 100,000 yuan” application eligibility requirements, application bank, repayment/appropriation time and other information. If you have other related questions, it is recommended to directly contact the customer service hotline of the land bank (02)2314-6633 or labor insurance Bureau service hotline (02) 2396-1266.