Core Viewpoint - Several local commercial banks in Sichuan and Guizhou, including Chengdu Bank and Guiyang Bank, have launched personal consumption loan interest subsidy programs, focusing on loans issued from late 2025 to early 2026, with a subsidy rate of 1% per annum and a maximum subsidy amount based on the loan interest rate [1][2][4]. Group 1: Policy Implementation - The implementation period for the personal consumption loan interest subsidy is set from October 1, 2025, to March 31, 2026, with the possibility of extension based on effectiveness [2][4]. - The subsidy applies to personal consumption loans used for various categories, including household vehicles, education, and healthcare, with a maximum subsidy of 1,500 yuan in Sichuan and 3,000 yuan in Guizhou [1][6]. Group 2: Loan Details - The subsidy covers loans of up to 50% of the loan contract interest rate, with specific limits on the amount eligible for subsidy based on the loan size [2][6]. - In Sichuan, the cumulative subsidy limit for individual borrowers is 1,500 yuan, corresponding to a total consumption amount of 300,000 yuan [2][4]. Group 3: Bank Participation - Chengdu Bank and Chengdu Rural Commercial Bank are among the first to announce the implementation details, with total assets of 1.38 trillion yuan and nearly 1 trillion yuan, respectively [5]. - Other banks in the region are also encouraged to participate in the subsidy program, expanding the policy's coverage beyond the designated national banks [4][5]. Group 4: Economic Context - The Sichuan province has seen steady growth in consumer markets, with a retail sales total of 2.74 trillion yuan in 2024, reflecting an average annual growth rate of 4.4% from 2021 to 2024, surpassing the national average [4]. - The subsidy program is part of broader efforts by the Sichuan government to stimulate economic recovery and growth through targeted financial policies [4][8].