中央层面首次贴息个人消费贷，利率会跌破3%吗？

Core Viewpoint - The introduction of the "dual interest subsidy" policy aims to support personal consumption loans by providing a subsidy on interest payments, marking the first time such a policy has been implemented at the central government level [1][2]. Policy Details - The policy will be effective from September 1, 2023, to August 31, 2026, allowing a 1 percentage point interest subsidy on personal consumption loans [2]. - For single transactions below 50,000 yuan, consumers can receive the subsidy on the entire amount, while for transactions above this threshold, only the first 50,000 yuan in specific categories (e.g., home appliances, education) will qualify [2]. - Multiple transactions can accumulate subsidies, but the total subsidy from the same lending institution cannot exceed 3,000 yuan [2]. Interest Savings - The subsidy is expected to reduce interest payments by approximately one-third, with an example illustrating that a consumer borrowing 200,000 yuan at a 3% interest rate could save up to 2,000 yuan in interest due to the subsidy [4]. - Current personal consumption loan rates are above 3%, and while the subsidy may lower rates, it is uncertain if they will drop below this threshold again [4][5]. Implementation and Oversight - The policy will be executed by 23 designated lending institutions, including major state-owned banks and several national joint-stock banks [6]. - Borrowers will need to authorize lending institutions to access transaction information to ensure that subsidies are applied correctly [6][7]. - Regulatory oversight will be in place to monitor the use of subsidy funds and prevent misuse [7].