On December 4, Bank Of Chengdu Co., Ltd. issued an announcement stating that, in accordance with Sichuan Province's policy guidelines, a subsidy program for personal consumption loans will be implemented from October 1 this year to March 31, 2026. Eligible borrowers who use loans issued by local financial institutions for consumption within Sichuan Province can receive fiscal interest subsidies.
The subsidy covers single transactions below 50,000 yuan, as well as key consumption areas exceeding 50,000 yuan, such as automobiles, education, and healthcare. For transactions above 50,000 yuan, the subsidy is capped at the 50,000-yuan threshold.
The annual subsidy rate is 1% (calculated based on the eligible loan principal actually used for consumption), with a maximum subsidy not exceeding 50% of the contracted interest rate.
Each borrower is entitled to a cumulative subsidy cap of 1,500 yuan (corresponding to eligible consumption of up to 300,000 yuan). For personal loans below 50,000 yuan per transaction, the cumulative subsidy limit is 500 yuan (corresponding to eligible consumption of up to 100,000 yuan).
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