Jin Tou Wang·2025-09-08 11:47Core Viewpoint - The Agricultural Bank of China is implementing a fiscal interest subsidy policy for personal consumption loans to stimulate consumer spending and reduce credit costs for residents [1] Group 1: Implementation of Fiscal Interest Subsidy - The Agricultural Bank of China is actively organizing the implementation of the fiscal interest subsidy policy as per the guidelines issued by 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 consumption transaction identification and subsidy calculation [1][2] - The fiscal interest subsidy will be calculated from the date the agreement takes effect and the bank identifies eligible consumption transactions [1][3] Group 2: Eligibility and Conditions - Customers can enjoy the fiscal interest subsidy for personal consumption loans used for consumption between September 1, 2025, and August 31, 2026, provided the transactions can be identified through loan accounts [3] - The subsidy interest rate is set at an annualized 1%, not exceeding 50% of the loan contract interest rate [4] - Customers can check the subsidy amount through various channels, including mobile banking and customer service [6] Group 3: Restrictions and Compliance - Loans in default are not eligible for the fiscal interest subsidy until all overdue amounts are paid [7] - Once a loan is fully repaid, the corresponding consumption will no longer qualify for the subsidy, although outstanding principal may still be eligible [8] - The policy prohibits the use of loan funds for non-consumption purposes, such as real estate or stock investments, and any fraudulent activities will result in disqualification from the subsidy [10]