Do you have to have social security to buy a house with a loan?

You can apply for a loan to buy a house without paying social security. But in different cities, the requirements for buying a house are different. Generally, provincial capital cities need to pay social security for a certain number of years before buyers can buy a house.

After the insured establishes the basic old-age insurance relationship in the new employment place and pays the fee, the employer or the insured submits a written application for the transfer and continuation of the basic old-age insurance relationship to the social security agency in the new insurance place; The social security agency of the newly insured place will review the application for transfer and continuation within 15 working days.

Meet the prescribed conditions, to declare to the social security agency where the insured's original basic old-age insurance relationship is located, and provide relevant information; The social security agency where the original basic old-age insurance relationship is located shall handle all the transfer and connection procedures within 15 working days after receiving the acceptance letter; After receiving the basic old-age insurance relationship and funds transferred by the social security agency where the original basic old-age insurance relationship of the insured person is located, the new insurance agency shall complete the relevant procedures within 15 working days, and notify the employer or the insured person of the confirmation in time.

Matters needing attention in buying a house by loan

1. Don't use the provident fund before applying for a housing loan.

If the borrower withdraws the balance of the provident fund to pay the house payment before the loan, the balance of the provident fund in your personal provident fund account is zero, and your provident fund loan amount is also zero, which means that you will not apply for a provident fund loan.

2. Don't repay the loan in advance in the first year.

According to the relevant provisions of provident fund loans, the part of early repayment should be carried out one year after repayment, and the amount you return should exceed the repayment amount of six months.

Don't forget to find the bank around you if you have difficulty in repaying the loan.

Don't insist on it yourself when your solvency drops during the loan period and it is difficult to repay. ICBC customers can apply to ICBC for extending the loan term. According to our investigation, if there is no default in loan principal and interest, we will accept your application for extension.