Usually, social security loans can be used in the following aspects:
1。 Personal consumption: social security loans can be used for personal consumption, such as buying household appliances, decorating houses, traveling, etc.
2。 Education and training: Social security loans can be used for their own or their children's education and training expenses, such as tuition fees and training courses.
3。 Medical expenses: social security loans can be used to pay medical expenses, including surgery and medicine.
4。 Entrepreneurship or management: social security loans can be used for the capital needs of individual entrepreneurship or business activities, such as purchasing equipment and raw materials.
Social security can handle loans, but social security is only one of the conditions for loans, and social security alone cannot succeed in lending. In addition to personal social security information, detailed personal information and credit reports are also required. In addition, it is necessary to meet the loan application conditions of banks or other financial institutions.
To sum up: the use of social security for loans will also have certain social security conditions. Generally, you need to pay social security for more than one year before you can apply for a loan.
Legal basis:
People's Republic of China (PRC) social insurance law
Article 4
Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.