Why apply loan of life policy via myPrudential

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How to Apply Loan of Life Policy

Customer can apply loan of life policy via myPrudential

 

Step 1: Select the life policy that you want to apply for policy loan

After logon myPrudential, please select the life policy that you want to apply for policy loan.

Step 2: Select “Policy loan”

Please select “Policy loan” from the function menu.

Step 3: Ensure the contact information is correct

After understanding the reminder on notification about policy change request, and ensure the contact information is correct, please click “Continue”.

Step 4: Reading the important notes

After completed reading the important notes, please click “Agree” if you decide to proceed the application.

Step 5: Reminder about loan interest and how to check your application approval status

The system will pop-up reminder about loan interest and how to check your application approval status, please click “OK”.

Step 6: Input the loan amount

Please input the loan amount.

Step 7: Select the payment instruction - FPS

Please select the payment instruction. If you select “Faster Payment”, please provide your Proxy ID.

Step 8: Select the payment instruction - Payout by direct credit

If you select “Payout by direct credit”, please provide your bank account’s information.

Step 9: Select the payment instruction - Payout by cheque

If you select “Payout by cheque”, please select the payment currency.

Step 10: Input your bank account’s information

This time we will use “Payout by direct credit” as example, please input your bank account’s information.

Step 11: Input “Supporting Document”

In the “Supporting Document” section, please select the type of identity document you want to provide, and input the required information.

Step 12: Document Uploaded

Please click the icon of “Document Uploaded” to upload relevant file(s) of that document.

Step 13: Required information from Mainland China resident

If you are a Mainland China resident, please select the type of travel document/passport you will provide, and input the required information.

Step 14: Upload travel document/passport

Please click the icon of “Document Uploaded” to upload relevant file(s) of that travel document/passport.

Step 15: Upload bank account’s statement / passbook

If you have selected “Payout by direct credit” as the payment instruction, please click the icon of “Document Uploaded” to upload relevant file(s) of that bank account’s statement / passbook.

Step 16: Finish document uploaded

Please click “Next” when finished.

Step 17: Confirm the information is accurate, and agree with the Personal Information Collection Statements

Please confirm the information is accurate, and select the checkbox to agree with the Personal Information Collection Statements. Please click “Confirm and send OTP”.

Step 18: One-Time passcode verification

Please check your mobile phone and enter the One-Time passcode provided in SMS message. When finished, please click “Submit”.

Step 19: Request has been successfully submitted

Your request has been successfully submitted.