Zhong Guo Zheng Quan Bao·2026-01-21 21:08Core Viewpoint - The Ministry of Finance has announced an optimization of the personal consumption loan interest subsidy policy, which includes expanding the scope of eligible loans and extending the policy period until the end of 2026, allowing each borrower to receive a maximum subsidy of 3,000 yuan [1][2] Group 1: Policy Changes - The new policy includes the inclusion of credit card installment payments for interest subsidies and the removal of previous restrictions on certain consumption areas [1][2] - The subsidy limit for individual borrowers has been increased to 3,000 yuan per year, with no cap on single transaction subsidies [1][2] - The policy now allows for any type of consumption loan to qualify for interest subsidies, broadening the eligible categories significantly [2] Group 2: Implementation and Participation - Over 500 financial institutions, including city commercial banks and foreign banks, are now authorized to implement the new subsidy measures, with expectations for local small and medium banks to follow suit [2] - Banks are actively marketing consumption loans during the "opening season," with annualized interest rates starting at 3%, potentially dropping to as low as 2% with the subsidy [2] Group 3: Credit Card Subsidy Details - The credit card installment interest subsidy policy will be effective throughout 2026, applicable only to RMB bills [2][3] - Customers must sign a supplementary agreement to benefit from the subsidy, and banks will not charge any fees for processing these loans [3][4] - Banks emphasize the importance of legitimate transactions and warn against fraudulent activities related to loan applications [4]