Ningbo, Zhejiang Province, will soon relax its home-based loan loan policies for families with two or three children. [Photo / IC]

Ningbo, Zhejiang Province, will soon relax your home-based housing loan policies for families with two or three children, local authorities announced on Thursday.

As of January 1, the city will elevate the upper limit of such 600,000 yuan loans ($ 94,000) to 800,000 yuan for home buyers for the first time they have two or three children and have paid In the background for two consecutive years.

From China more relaxed its family planning policy, which allows couples to have up to three children, many payers of the provident fund in Ningbo have been concerned with supporting measures related to housing issues, said the local authorities.

Ningbo conducted research on the subject and modified loan policies from the Preferential Housing Fund for families with two or three children to reduce their burden and encourage births.

Yu Yin contributed to this story.

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Zhejiang 

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