12月份以来，个人消费贷款财政贴息政策在四川、贵州、重庆加速落地。川黔渝三地相继发布省级贴息 实施细则，贵阳银行、贵州银行、成都银行、成都农商行等区域头部城商行、农商行同步启动业务受 理。这标志着此前未被纳入"国补"经办体系的区域性银行，正式加入消费贷补贴阵营，"国补+地补"的 协同发力格局初步形成。 上海金融与法律研究院研究员杨海平对《证券日报》记者表示，地方消费贷贴息政策是对国家政策的响 应，与"国补"政策形成联动，可以在进一步激活消费方面发挥积极作用。预计其他省份也会跟进，出台 地方版消费贷贴息政策。该政策能够通过贴息的杠杆作用，挖掘消费信贷潜力，活跃消费信贷市场，与 一系列提振消费的政策形成合力。 "地补"接力"国补" 今年8月份，国家层面推出个人消费贷款财政贴息政策，明确6家国有大行、12家全国性股份行等机构 为"国补"经办主体，但未纳入城商行、农商行。而川黔渝三地此次落地的"地补"政策，不仅填补了这一 空白，更在衔接国家政策框架的基础上，结合区域实际形成差异化特色：川黔渝三地均设定1个百分点 的年贴息比例，且该比例不超过贷款合同利率的50%，同时在贴息上限、执行期限、覆盖范围等核心维 度作出差异化 ...

12月4日，成都银行、成都农商行依据四川省个人消费贷款财政贴息政策，发布了个人消费贷款财政贴 息实施细则公告。该政策执行期限为2025年10月1日至2026年3月31日，个人客户通过两家银行四川省内 经办机构办理的个人消费贷款，若资金实际用于四川省内消费，且银行可通过贷款发放账户识别相关消 费交易信息，即可按规定享受四川省财政贴息支持。贴息范围覆盖单笔5万元以下的消费，以及单笔5万 元以上汽车、教育、健康医疗等重点领域消费；个人累计贴息上限1500元(对应符合条件的累计消费金 额30万元)，其中单笔5万元以下贷款累计贴息上限500元(对应累计消费金额10万元)。 同日，贵州省个人消费贷款财政贴息政策也正式落地。根据贵州银行、贵阳银行发布的公告，其政策核 心贴息比例与四川一致(年贴息1个百分点，最高不超过贷款合同利率的50%)，但贴息上限有所提高：单 户累计消费金额30万元的，累计贴息最高3000元；其中单笔5万元以下贷款累计消费金额10万元的，累 计贴息最高1000元。贴息范围则更趋全面，既包括单笔5万元以下的贵州省内消费，也涵盖单笔5万元及 以上用于省内家用汽车、养老生育等七大重点领域消费，且以5万元为单笔 ...

本报记者 彭妍 12月4日，成都银行、成都农商行依据四川省个人消费贷款财政贴息政策，发布了个人消费贷款财政贴息实施细则公告。 该政策执行期限为2025年10月1日至2026年3月31日，个人客户通过两家银行四川省内经办机构办理的个人消费贷款，若资金实 际用于四川省内消费，且银行可通过贷款发放账户识别相关消费交易信息，即可按规定享受四川省财政贴息支持。贴息范围覆 盖单笔5万元以下的消费，以及单笔5万元以上汽车、教育、健康医疗等重点领域消费；个人累计贴息上限1500元（对应符合条 件的累计消费金额30万元），其中单笔5万元以下贷款累计贴息上限500元（对应累计消费金额10万元）。 同日，贵州省个人消费贷款财政贴息政策也正式落地。根据贵州银行、贵阳银行发布的公告，其政策核心贴息比例与四川 一致（年贴息1个百分点，最高不超过贷款合同利率的50%），但贴息上限有所提高：单户累计消费金额30万元的，累计贴息 最高3000元；其中单笔5万元以下贷款累计消费金额10万元的，累计贴息最高1000元。贴息范围则更趋全面，既包括单笔5万元 以下的贵州省内消费，也涵盖单笔5万元及以上用于省内家用汽车、养老生育等七大重点领域消费，且以 ...

今年9月1日，消费贷贴息新政正式实行，眼看"金融国补"将满百日，目前来自银行方面的情况如何？ "客观来看，发放个人消费贷的单笔金额较小，流程处理和数据统计也相对麻烦，即便获得资格，预计 近期对银行整体营收和利润影响较为有限。我们还是按照自己的节奏进行消费贷的审批和发放。"上述 人士表示。 今日上午，光大银行相关人士向智通财经记者介绍，新政以来，该行近三个月月均发放个人消费贷约 700亿元。此外，智通财经记者注意到，尽管没有入围消费贷贴息的银行阵营，但近期包括江苏银行、 青海农信、淮安农商银行等多家地方银行正在卖力宣传旗下消费贷产品，其中部分银行自9月来几乎每 周都在通过官方渠道反复营销额度超百万的消费贷。 月均发放700亿元消费贷，多家银行反馈效果不俗 进入12月，目前多家银行正在紧锣密鼓的对三季度来的相关数据进行梳理、统计，其中不乏和消费贷相 关的信息。 今日上午，光大银行相关人士向智通财经记者介绍，自消费贷贴息政策出台以来，该行予以积极响应。 自新政正式实施以来，该行个人消费贷款近三个月月均发放金额约700亿元。目前，该行已经在总行层 面强化科技赋能，搭建了自动化贴息主流程和人工受理的辅助流程，在分行层面 ...

12月4日，四川银行相关业务人士在接受咨询时候证实这一消息。该人士表示，四川金融机构已经制定 细则下发，同时发布公告。根据此前确定的政策精神，除已经享受"国补"的国有大行和股份制银行之 外，在川银行向居民发放的个人消费贷款（不含信用卡），实际用于四川省内消费的，可以享受这一贴 息支持。 12月4日，近日，多位四川银行业人士透露，四川已经出台省级的个人消费贷款财政贴息政策，目前已 下发到机构执行。 12月4日上午，成都银行发布公告称，根据四川省相关文件精神，四川省个人消费贷款贴息政策从今年 10月1日至2026年3月31日，个人客户提用省内经办机构发放到个人消费贷款中实际用于四川省消费的贷 款部分，可以享受财政贴息支持。 预计多省市会出台接棒 9月金融数据公布，当月居民短期贷款同比下降1279亿元，引发市场各界关注。 12月4日，某大型券商银行业分析师对智通财经表示，地方贴息政策应不是规定动作，而是各地根据地 方财政实力和经济发展需求来制定，可能会参照国家的政策，但是地方特色和个性肯定也会存在。 根据成都银行实施细则，四川贴息的时间相较于国家政策贴息要短，在从今年10月1日至明年3月31日到 期。 不过，四川贴 ...

消费贷贴息政策实施已逾两月，效果如何？ 在贴息具体操作层面，借款人需签署《个人消费贷款财政贴息服务协议》，授予贷款经办机构相关权 限，允许其识别贷款发放账户或者指定账户的交易信息。对于系统可自动识别符合贴息条件的消费交易 信息的，贷款经办机构将自动开展贴息；对系统未能识别的，借款人可发起消费认定申请，在人工审核 通过后予以贴息。 据了解，目前建设银行受理的贴息申请中，成功率大概在80%以上。不过，即便有较高的成功率，建设 银行在贴息审核中仍存在部分未通过案例，且在业务推进中面临着一些实际难点。建设银行相关负责人 介绍，受理的贴息申请中，未通过的主要原因是发票购买方名称与客户姓名不一致，开票日期早于消费 日期，上传发票影像不清晰、不完整等。消费贷款本质为居民个人或家庭周转资金，具有小额分散特 点，资金用途存在客观判定困难；业务实践中，因消费交易场景复杂隐蔽，精准识别存在难点，如第三 方支付消费无法穿透识别至具体商品、MCC码套用、不同渠道MCC码不一致等。同时，人工集约化处 理也面临发票鉴定难，客户取现、转账消费证明材料规则不统一等问题。 浙商银行相关负责人表示，尽管浙商银行的自动审批率较高，但在具体的识别技术 ...

Core Insights - The implementation of the "Personal Consumption Loan Interest Subsidy Policy" has shown initial positive effects after over two months of execution [1] Group 1: Policy Effectiveness - Major banks have reported an increase in personal consumption loans, with China Construction Bank seeing a month-on-month and year-on-year rise in September [1] - Bank of China disbursed 47.4 billion yuan in September, which is an increase of 11 billion yuan from August and 14.7 billion yuan from September of the previous year [1] - Traffic Bank's overall consumption loan issuance grew by over 20% month-on-month in September, primarily in the household automotive and home decoration sectors [1] Group 2: Application Success Rate - Construction Bank has an application success rate of approximately 80% for interest subsidies [1] - Despite the high success rate, there are still cases that do not pass the subsidy review process, indicating some challenges in the implementation [1] - Zhejiang Commercial Bank noted a high automatic approval rate but faces specific challenges in recognition technology [1]

Core Insights - The implementation of the personal consumption loan interest subsidy policy has shown initial positive effects, with increased loan issuance reported by several banks [1][2][3] Group 1: Policy Overview - The subsidy policy is applicable for personal consumption loans issued from September 1, 2025, to August 31, 2026, covering various consumption categories including household vehicles, education, and healthcare [1] - The policy aims to reduce interest expenses for residents and stimulate consumer spending through a combination of financial incentives [2] Group 2: Bank Performance - China Construction Bank reported a month-on-month and year-on-year increase in personal consumption loans in September, indicating a positive response to the subsidy [1] - Bank of China disbursed 47.4 billion yuan in September, an increase of 11 billion yuan from August and 14.7 billion yuan from September of the previous year [1] - Traffic Bank's consumer loan issuance grew over 20% month-on-month, particularly in the household vehicle and home decoration sectors [1] Group 3: Implementation Challenges - Construction Bank has an 80% success rate for subsidy applications, but challenges remain, such as discrepancies in invoice details and complex consumer transaction scenarios [3] - Issues like unclear invoice images and the difficulty in accurately identifying consumption transactions hinder the subsidy process [3] - Zhejiang Bank also faces challenges with its identification technology, particularly when consumer behavior changes or when loans are repaid early [3] Group 4: Recommendations - Financial institutions are encouraged to optimize the subsidy application and disbursement processes, while consumers should apply for loans based on actual needs and avoid misuse of funds [4]

Core Viewpoint - The article discusses the challenges and experiences of individuals applying for consumer loan interest subsidies, highlighting the importance of loan interest rates and the successful application of subsidies [2][3][4]. Group 1: Application Process and Challenges - Applicants generally find it easy to apply for loan interest subsidies, but the key concern is obtaining loans at low interest rates and ensuring the subsidies are successfully applied [2][3]. - The experience of a consumer, Ms. Huang, illustrates the confusion surrounding the subsidy process, particularly regarding early repayments and the lack of immediate feedback on subsidy status [3][4]. - Banks require that the loan funds be used for genuine consumption, and the identification of such transactions is crucial for subsidy approval [4][12]. Group 2: Interest Rates and Loan Types - The interest rates for consumer loans from state-owned banks are generally lower than those from joint-stock commercial banks, with many applicants securing loans at around 3.0% [14][15]. - The article notes that the maximum subsidy rate is 1% per annum, applicable to loans used for specific consumption categories, with a cap on total subsidies [6][8]. Group 3: Successful Subsidy Claims - Successful subsidy claims depend on the proper use of loan funds and the identification of transactions as genuine consumption, with some applicants successfully receiving subsidies after meeting these criteria [10][11]. - The article provides examples of individuals who successfully received subsidies, emphasizing the importance of using company accounts or verified payment methods for transactions [10][11]. Group 4: Variations in Bank Policies - Different banks have varying policies regarding the application and approval of subsidies, with some requiring additional documentation or specific account types to facilitate the process [12][16]. - The article highlights the experiences of individuals who faced challenges in securing loans from joint-stock banks, often due to stricter eligibility criteria compared to state-owned banks [15][16].

Core Insights - The financial data for September indicates a significant decline in short-term loans for residents, with a year-on-year decrease of 127.9 billion yuan, raising concerns in the market [1][2]. Group 1: Consumer Loan Policy - The recently implemented consumer loan interest subsidy policy has shown varied responses across different regions, with stronger demand in central provincial capitals and most second-tier cities compared to coastal and first-tier cities [1]. - The policy allows for a 1% annual interest subsidy on certain consumer loans, potentially reducing the cost to around 2.0% [1]. - Analysts believe that the consumer loan subsidy policy has not yet fully taken effect, and if consumer demand remains weak, there may be a possibility of further policy enhancements or expansions [1][5]. Group 2: Loan Data Analysis - The People's Bank of China reported that the new social financing scale for September was 35,338 billion yuan, which is a year-on-year decrease of 229.7 billion yuan, exceeding market expectations [2]. - The new RMB loans amounted to 12,900 billion yuan, reflecting a year-on-year decrease of 300 billion yuan, slightly below market forecasts [2]. - The short-term loans for residents in September were only 1,421 billion yuan, marking a year-on-year decline of 127.9 billion yuan, indicating a persistent weakness in consumer credit demand [2][3]. Group 3: Market Expectations - Market participants are leaning towards expectations of further policy support to stimulate consumption, as the current subsidy policy has not significantly impacted consumer demand [5]. - Analysts suggest that stronger monetary policy support may be necessary to boost consumption, including potential reductions in mortgage rates [5]. - There is an openness to local financial institutions participating in consumption subsidies, contingent on local government funding support [6].