Yang Shi Xin Wen·2026-01-23 05:59Core Viewpoint - The Ministry of Finance, the People's Bank of China, and the Financial Regulatory Administration have extended the implementation period of the personal consumption loan interest subsidy policy until the end of this year, and included credit card installment services in the support scope, prompting multiple financial institutions to announce related service measures [1] Group 1: Policy Implementation - The personal consumption loan interest subsidy policy will be effective from September 1, 2025, to December 31, 2026, allowing automatic application of the latest subsidy policy for loans signed before January 1, 2026, without the need for a new agreement [2] - The China Bank has removed the restriction on consumption amounts of 50,000 yuan and above, meaning transactions of this amount will no longer be limited to specific categories such as home vehicles, education, and healthcare [3] Group 2: Financial Institutions' Responses - The Industrial and Commercial Bank of China has detailed the subsidy scope, which includes areas such as home vehicles, elderly care, education, cultural tourism, home decoration, electronic products, and healthcare [4] - Agricultural Bank of China has included credit card installment services in the subsidy policy with an annual interest subsidy rate of 1%, applicable from January 1, 2026, to December 31, 2026 [5] - The Transportation Bank has set the annual interest subsidy rate for credit card installments at 1%, with a maximum subsidy limit of 3,000 yuan per year for each borrower [6] Group 3: Application Process and Compliance - The Postal Savings Bank has simplified the application process for personal consumption loans or credit card installment subsidies, requiring only the signing of a subsidy application authorization or agreement [7] - The new policy includes city commercial banks, rural commercial banks, foreign banks, and consumer finance companies as processing institutions, facilitating public access to services [8] Group 4: Compliance and Fraud Prevention - The notification emphasizes the need for processing institutions to monitor loan purposes and fund flows, with strict penalties for fraudulent activities or misuse of subsidy funds [9]