Ministry of Finance: For the first time, the central government has provided interest subsidies on personal consumer loans.

Release Date:

2025-08-13

　　On August 13, Vice Minister of Finance Liao Min stated at a press conference held by the State Council Information Office that the interest-subsidy policy for personal consumption loans directly benefits the general public and marks the first time the central government has provided such subsidies for personal consumer loans. The subsidy applies to the portion of eligible personal consumption loans actually used for consumption, including everyday spending under RMB 50,000 per transaction, as well as expenditures in key areas—such as household automobiles, elderly care and childbirth, education and training, cultural tourism, home furnishings and renovation, electronic products, and health care—amounting to RMB 50,000 or more per transaction. The subsidy rate is one percentage point, roughly equivalent to one-third of current commercial banks’ personal consumption loan interest rates, and the policy will be implemented for a period of one year. (Reporters Shen Cheng and Wu Yu)

Source: Xinhua News Agency

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