according to the current purchase restriction order in Hangzhou and the notice on issues related to individual housing loan policy, there are two main categories: foreign household registration and local household registration; The collective household registration of college students in Hangzhou belongs to the permanent household registration in Hangzhou, that is, the local household registration in Hangzhou; You can buy a house directly, but because college students are not employed yet, you usually need a third-party guarantee when you apply for a house purchase loan.

materials needed to transfer a collective account to an individual account:

1. original and photocopy of the real estate license (original and photocopy of the purchase contract if there is a loan).

2. All the original and photocopy of the purchase invoice.

3. The original of my collective account card will not be returned if it is confiscated.

4. Original ID card.

5. Newly-established households also need a property certificate.

6. If the owner is not explicit, he/she shall provide materials to prove kinship, marriage certificate and birth certificate.

What's the difference between a collective account and an individual account?

1. There is a difference between a collective account and an individual account. As the name implies, a collective account is a collective account, and the address where it is settled is generally the address of the company. Personal accounts are generally independent and have their own account books.

2. The use and management of collective accounts and individual accounts are different. A collective account refers to a resident account whose household registration relationship is linked to a collective account for the residents who have not yet met the conditions for establishing a separate account, or who have not gone through the formalities for establishing a separate account for the time being.

3. There is only one account for a collective household, and everyone else's accounts are personal pages, and the relationship between people is not kinship. Personal account is a general term for household and population, with family as the household and population as the population.

4. Generally, the head of the collective account is the unit, which is the location of the unit. The individual account is the best identification besides the ID card, but the collective account is not counted; The collective account is valid on the basis that you are still an employee of the company, and once the contract is terminated, the account will need to be moved. Personal accounts do not have to worry about the migration of accounts.

5. Social security cannot be paid by individuals for collective accounts, but individuals can pay for individual accounts.

Legal basis:

Notice on Issues Related to Individual Housing Loan Policy

Article 1

For households that own one set of housing and the corresponding housing loan has not been settled, in order to improve their living conditions, the minimum down payment ratio is adjusted to not less than 4%, and the specific down payment ratio and interest rate level are reasonably determined by banking financial institutions according to the borrower's credit status and repayment ability.