Ministry of Finance and two other departments: the annual interest subsidy rate is 1 percentage point, with a maximum not exceeding 50% of the loan contract interest rate.

The Ministry of Finance, the People's Bank of China, and the China Banking and Insurance Regulatory Commission have issued the "Implementation Plan for the Financial Interest Subsidy Policy for Personal Consumption Loans". It is mentioned that the annual interest subsidy rate is 1 percentage point, not exceeding 50% of the loan contract interest rate. The central government and provincial governments will respectively bear 90% and 10% of the subsidy funds. The loan contract interest rate must comply with the corresponding rate self-discipline agreement. During the policy implementation period, the cumulative subsidy limit for all personal consumption loans that each borrower can enjoy in one loan processing institution is 3000 yuan, of which the cumulative subsidy limit for individual consumption loans under 50,000 yuan in one loan processing institution is 1000 yuan.