Ren Min Ri Bao·2025-09-01 23:58Core Points - The new personal consumption loan interest subsidy policy is effective from September 1 this year to August 31 next year, offering a subsidy rate of 1% per annum, with a maximum subsidy not exceeding 50% of the loan contract interest rate [1] - The total subsidy cap for each borrower at one lending institution is set at 3,000 yuan, corresponding to a cumulative consumption amount of 300,000 yuan, with a specific cap of 1,000 yuan for single loans below 50,000 yuan [1] - The average personal consumption loan interest rate from commercial banks is around 3%, potentially reducing the actual interest burden for consumers to about 2% during the policy period [1] Consumption Scope - The subsidy covers two categories of consumption: daily expenses for single loans below 50,000 yuan and significant expenditures such as household vehicles, education, cultural tourism, and health care for loans of 50,000 yuan and above [1] Lending Institutions - A total of 23 designated lending institutions are involved, including 6 large commercial banks, 12 joint-stock banks, and 5 other personal consumption loan providers, all of which have a broad regional coverage and are frequently accessed by consumers [1] Application Process - Several banks have automated systems to recognize consumer account transaction information for subsidy operations, simplifying the application process for borrowers [2] - Consumers can apply for personal consumption loans through various channels, including mobile banking apps, and the subsidy will be automatically deducted from the loan interest on the settlement date [2] - Strict measures are in place to prevent fraudulent activities related to loan applications, with penalties for those who attempt to misuse the subsidy funds [2]