Social security loan is a kind of credit loan, and its main purpose is consumption. Its advantage is that it doesn't need mortgage and its lending speed is fast. So, what conditions do you need to apply for social security loans?

Social security loan

In fact, the conditions for applying for social security loans are very simple. As long as the social security deposit base is more than 4,000 yuan, and it is paid continuously for 18 months, it can be processed. In addition, you only need to provide your ID card and social security card.

Although applying for a social security loan is simple and quick, it also has a disadvantage. The interest will be much higher than the mortgage loan, and now the interest is above 4%. Therefore, friends with loan needs should estimate whether they can bear it.

Let's take a look at the basic process of social security loans:

Sign the service contract (pay the deposit) → go to the bank for face-to-face signing → approve the loan → settle the fee → lend money.