Authority expert: Some bank consumer loan interest rates have already fallen below the breakeven point for the bank itself, making it difficult for this model to be sustained.

"In the future, macroeconomic policy thinking will focus more on promoting consumption. The key of financial policy is to support the supply of high-quality consumer goods. The cost of consumer loans on the demand side is no longer a factor." Market authoritative experts said. Since the beginning of this year, the financial support for household consumption on the demand side is very strong, and banks continuously enrich and innovate consumer finance products, making household consumer financing more convenient. However, the corresponding result is that the leverage ratio of the household sector is relatively high. Authoritative experts pointed out that some banks have seen excessive competition in consumer loans, and even the interest rates on consumer loans issued have fallen below the break-even point for the banks themselves. This model is difficult to sustain and can easily amplify the debt risks of some high-leverage groups. In reality, credit cards greatly satisfy the public's need for consumer financing, and they also have a relatively long interest-free period, which essentially provides cheap or even "zero-cost" financing support for daily consumption needs, providing stable and ample financial security. The development of consumer finance fundamentally aims to expand effective consumer demand, expand consumption scenarios, ensure that consumer loans are truly used to support consumption, adhere to the principle of reasonable and moderate, and banks also need to provide sinking services, tap into customers, expand their market share, maintain rational pricing, and promote the sustainable development of consumer finance.