Exploring the consumer loan market after the introduction of the national subsidy policy: Banks have sufficient reserves and interest rates are expected to drop to the "2" digit.

Many people are applying for this consumer loan product, which can meet the financial needs of most customers, with a minimum interest rate of 3% and the option to borrow and repay at any time. After the official implementation of the government subsidy interest policy, it is expected that the loan interest rates for high-quality customers will start with the number '2.' On August 13, a consumer loan officer at a branch of Construction Bank in Chaoyang District, Beijing, was flipping through the product interface on the bank's app while talking to reporters. The personal consumer loan financial subsidy policy has recently been released, with all 6 state-owned banks joining the ranks of consumer loan "government subsidy," followed closely by 12 joint-stock banks, with some banks announcing that the subsidy measures will be implemented on September 1. In addition to the subsidized interest rates, consumer loan limits are also increasing. Journalists visited several bank branches in Beijing and found that currently, the interest rates for bank consumer loans are mostly above 3%, and some banks have upgraded the consumer loan limits, introducing products with maximum limits in the million yuan range.