Can flexible employees over the age of 50 borrow money to buy a house in Changsha?

Flexible employees who are over 50 years old and pay social security in Changsha can borrow money to buy a house in Changsha.

However, the eligible conditions are: paying social security for flexible employees in Changsha (including individual endowment insurance for urban workers) for 24 months;

Or settle down for one year, pay monthly social security for flexible employees in Changsha (including individual endowment insurance for urban workers) 12 months.

Article 2 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the state shall establish social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and childbirth.

Article 12 The employing unit shall pay the basic old-age insurance premium in proportion to the total wages of its employees as stipulated by the state, and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.