Zhong Guo Jing Ying Bao·2026-01-13 06:04Core Viewpoint - In January 2026, consumer loan products are being offered at historically low annual interest rates, with some banks providing rates as low as 2.00% when subsidies are applied, and loan amounts reaching up to 2 million yuan [1][4]. Group 1: Consumer Loan Products - Several banks have introduced promotional policies for consumer loans in January 2026, with one bank announcing a maximum loan amount of 2 million yuan and a minimum annual interest rate of 3.00% [2]. - A city commercial bank has set a minimum interest rate of 3.00% for new customers, with a maximum loan amount of 300,000 yuan, and interest rates ranging from 3.00% to 19.80% based on actual approval results [2][3]. - The minimum annual interest rate for consumer loans is currently at 3.00%, which is the lowest level mandated by regulatory requirements, down from a previous low of 2.60% [2][3]. Group 2: Subsidy Policies - With the addition of consumer loan subsidies, the effective annual interest rate can be reduced to as low as 2.00%, although the subsidy process requires specific conditions such as having a consumption scenario and relevant documentation [4]. - The Chinese government is continuing its consumer loan subsidy policies into 2026, as outlined in a recent State Council meeting aimed at promoting domestic demand through coordinated fiscal and financial policies [4]. - The subsidy policy includes a 1% annual interest rate subsidy for loans under 50,000 yuan and up to 50% of the loan contract interest rate for larger loans in key consumption areas such as home appliances, education, and healthcare [4].