Can social security be loaned? How come?

Legal analysis: social security can be loaned, and social security loans mainly include the following steps: 1. Choose a formal lending institution and consult the loan requirements; 2. Prepare the application materials required for social security loan, including ID card, social security payment certificate, address certificate, lender's work and personal income certificate, etc. Different institutions need different materials; 3. Fill in the application form and submit materials to the institution and submit a written application for social security loan; 4, the agency audit loan materials; 5. Lenders and institutions sign contracts. Social security is required for every resident to pay, but not everyone can use social security loans. The maximum social security loan is 500,000 yuan, and the actual amount that the lender can apply for is closely related to personal credit, bank credit line and personal repayment ability.

Legal basis: People's Republic of China (PRC) Commercial Bank Law.

Article 35 A commercial bank shall strictly examine the borrower's loan purpose, repayment ability and repayment method. Commercial bank loans shall be subject to the system of separating loan review from grading approval.

Article 37 A commercial bank shall sign a written contract with the borrower when issuing loans. The contract shall stipulate the type, purpose, amount, interest rate, repayment period, repayment method, liability for breach of contract and other matters that both parties think need to be agreed.