Personal Consumption Loan Subsidy Arrives Next Month! State-Owned Banks, Shareholding Commercial Banks "Enter", Highest Subsidy Amount?

8th August, 2025, the Ministry of Finance, People's Bank of China, and China Banking Regulatory Commission jointly issued the "Implementation Plan for Personal Consumption Loan Financial Subsidy Policy" (hereinafter referred to as "the Plan").

According to the Plan, from September 1st, 2025, to August 31st, 2026, residents can enjoy a financial subsidy of up to 3000 yuan per person on their personal consumption loans (excluding credit card transactions) if they use the loans for consumption purposes and meet certain conditions.

Among the 23 participating banks, 6 are state-owned banks and 12 are shareholding commercial banks. The policy aims to promote consumer spending and support small and micro businesses.

To apply for the financial subsidy, borrowers need to authorize their banks to access their loan accounts and transaction information to verify the subsidy eligibility.

The Ministry of Finance has emphasized that the policy is designed to benefit consumers and small businesses, and the participating banks must ensure that the loans are used for consumption purposes and meet certain conditions.

The policy has been welcomed by the banking industry, with many banks expressing their support for the initiative.