Jin Tou Wang·2025-09-08 03:18Core Viewpoint - The announcement by Agricultural Bank of China aims to implement a fiscal subsidy policy for personal consumption loans to reduce costs for consumers and stimulate market potential [1] Group 1: Implementation of Fiscal Subsidy Policy - The Agricultural Bank of China is actively organizing the implementation of the fiscal subsidy policy for personal consumption loans as per the guidelines from the Ministry of Finance, People's Bank of China, and financial regulatory authorities [1] - Customers must sign a supplementary agreement to authorize the bank to query loan accounts for subsidy calculations, but this does not affect their ability to apply for loans [1][2] Group 2: Eligibility and Conditions for Subsidy - The fiscal subsidy applies to personal consumption loans used for consumption between September 1, 2025, and August 31, 2026, with transactions identified through loan accounts [3] - The subsidy interest rate is set at an annualized 1%, not exceeding 50% of the loan contract rate [4] Group 3: Disbursement and Notification of Subsidy - The bank will directly deduct the subsidy amount from the loan interest charged to eligible customers, enhancing consumer benefits [5] - Customers can check their subsidy amounts through various channels, including mobile banking and SMS notifications [6] Group 4: Restrictions and Compliance - Loans in default are not eligible for the subsidy until all dues are cleared [7] - Once a loan is fully repaid, the corresponding consumption will no longer qualify for the subsidy, although outstanding portions may still be eligible [8] - A single consumption transaction can only receive the subsidy from one financial institution [9] Group 5: Dispute Resolution and Compliance Violations - Customers can appeal subsidy results by providing supplementary materials to the bank for review [10] - Certain behaviors, such as using loan funds for non-consumption purposes or engaging in fraudulent activities, will disqualify customers from receiving the subsidy [11]