Upgrade policy of consumer loan interest subsidies, multiple banks have implemented detailed regulations.

The Ministry of Finance and two other departments recently issued a notice to optimize the implementation of the personal consumption loan fiscal interest subsidy policy. In recent days, Industrial and Commercial Bank, Agricultural Bank, Bank of China, Construction Bank, Bank of Communications, Postal Savings Bank, and other banks have issued announcements to implement the personal consumption loan fiscal interest subsidy policy and optimize related services. Many banks have stated that the upgraded content of the personal consumption loan fiscal interest subsidy policy includes extending the policy period to the end of 2026, expanding the scope of support to include credit card installment business, expanding the subsidy area by lifting the restrictions on consumption over 50,000 yuan, increasing the subsidy standard by lifting the requirement of a 500 yuan limit per transaction and the requirement of a 1,000 yuan limit for consumption subsidies below 50,000 yuan per borrower at the same financial institution.