Core Points - The personal consumption loan interest subsidy policy was officially implemented on September 1, 2023, allowing residents to enjoy interest subsidies on loans used for consumption until August 31, 2026 [1] - Major banks are actively promoting this policy through their mobile banking apps and have established "subsidy zones" for customers [1] Group 1: Implementation Details - The subsidy applies to personal consumption loans from six major state-owned banks, twelve national joint-stock commercial banks, and five other lending institutions, specifically for loans that can be identified as used for consumption [1] - Agricultural Bank of China clarified that loans issued between September 1, 2025, and August 31, 2026, can qualify for the subsidy if used for consumption, and borrowers do not need to refinance existing loans [2] Group 2: Transaction Recognition - Transactions eligible for automatic recognition include POS transactions, QR code payments, online payments, and transfers to corresponding business accounts [3] - For transactions not automatically recognized, customers can upload receipts to the bank's app for manual recognition starting September 6, 2023 [3] Group 3: Service Agreement and Channels - Customers can sign the subsidy service agreement through the mobile banking app upon loan approval, regardless of when the loan was signed [4] - Postal Savings Bank allows customers to process subsidy applications through its app and branches, emphasizing that no third parties will be involved in the process [5] Group 4: Fees and Compliance - China Bank confirmed that no fees will be charged for processing the personal consumption loan subsidy [6] - Industrial and Commercial Bank of China stated that it will strictly adhere to market principles and legal regulations, prohibiting fraudulent activities to obtain subsidies, with serious consequences for violators [8]