On September 30, China's six major state-owned banks — Agricultural Bank of China (ABC), Postal Savings Bank of China (PSBC), Industrial and Commercial Bank of China (ICBC), Bank of China, Bank of Communications (BANKCOMM), and China Construction Bank (CCB) — successively issued announcements regarding the implementation of the residential home purchase loan interest subsidy policy. Starting from October 1, 2026, they will provide fiscal interest subsidy services for newly issued eligible first-home commercial personal housing loans.
ICBC announced that, in order to thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, and to safeguard the legitimate rights and interests of housing consumers, the bank will earnestly implement the requirements of the Notice on Implementing the Residential Home Purchase Loan Interest Subsidy Policy (Cai Jin [2026] No. 95). Starting from October 1, 2026, ICBC will provide interest subsidy services at the prescribed subsidy standard for customers who meet the requirements of the aforementioned notice, ensuring that the benefits of national policy truly reach the broad community of financial consumers. The bank will adopt a "no application required, automatic enjoyment" approach, meaning that when interest is collected each month, the corresponding subsidy amount will be automatically deducted from each installment repayment, and customers will be promptly informed via SMS and other means, providing convenient interest subsidy services and helping more people achieve homeownership. Relevant matters will be announced through the ICBC official website, WeChat public account, and other channels, so please stay tuned. Important reminder: during the processing of commercial personal housing loan interest subsidy business, the bank does not charge any fees. In order to maximize the protection of your property and information security and prevent criminals from carrying out fraudulent activities under the pretext of processing commercial personal housing loan interest subsidies, please do not trust phone calls and text messages from anyone outside the bank's official channels.
CCB announced that, in order to implement the decisions and arrangements of the CPC Central Committee and the State Council and support the rigid housing demand of urban and rural residents, the bank will actively implement the Notice on Implementing the Residential Home Purchase Loan Interest Subsidy Policy (Cai Jin [2026] No. 95) issued by the Ministry of Finance, the People's Bank of China, and the National Financial Regulatory Administration. Starting from October 1, 2026, CCB will provide fiscal interest subsidy services for newly issued eligible first-home commercial personal housing loans. For loans that pass review and meet the interest subsidy policy requirements, the bank will adopt a "no application required, automatic enjoyment" approach, automatically deducting the corresponding subsidy amount from each installment's due repayment amount when interest is collected monthly. After the loan is disbursed, customers can check the relevant status through the "My Loans" page on the CCB mobile banking app. The bank provides personal housing loan fiscal interest subsidy services and has not entrusted any third-party institutions or individuals to handle them on its behalf, nor does it charge any fees. Customers are kindly requested to guard against various forms of fraud to protect their property and information security.
ABC announced that, in order to thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, support the rigid housing demand of urban and rural residents, and reduce the commercial personal housing loan interest burden on families newly purchasing their first home, the bank will actively respond to and strictly implement the spirit and relevant requirements of the Notice on Implementing the Residential Home Purchase Loan Interest Subsidy Policy (Cai Jin [2026] No. 95), promote commercial personal housing loan interest subsidy work in compliance with laws and regulations, and help more people achieve homeownership. The bank will provide interest subsidy services for customers who meet the requirements of the aforementioned notice, achieving "no application required, automatic enjoyment." The bank will optimize processing procedures, simplify handling formalities, and promote the prompt implementation of the policy. Subsequent processing procedures and answers to related questions will be uniformly published through the Agricultural Bank of China official website, WeChat public account, mobile banking, branch offices, and other official channels, so please stay tuned.
Bank of China announced that, in order to thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, support the rigid housing demand of urban and rural residents, and effectively reduce the interest burden on eligible home-purchasing families, the bank will actively implement the spirit and relevant requirements of the Notice on Implementing the Residential Home Purchase Loan Interest Subsidy Policy (Cai Jin [2026] No. 95). Starting from October 1, 2026, the bank will carry out fiscal interest subsidy work for commercial personal housing loans that meet the policy conditions, ensuring that policy benefits reach the broad community of consumers. The bank will optimize processing procedures and simplify handling formalities. Relevant matters will be announced through the Bank of China official WeChat account, official website, branch offices, and other channels, so please stay tuned.
PSBC announced that, in order to thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, support the rigid housing demand of urban and rural residents, and reduce the cost of home purchases for resident families, the bank will actively respond to and strictly implement the spirit and relevant requirements of the Notice on Implementing the Residential Home Purchase Loan Interest Subsidy Policy (Cai Jin [2026] No. 95), implement interest subsidies for personal housing loans that meet the subsidy policy requirements, and make every effort to ensure that national policy benefits reach the broad community of mortgage customers in a timely, convenient, and efficient manner. The bank will optimize processing procedures, simplify handling formalities, and promote the prompt implementation of the policy. Relevant matters will be promptly published on the bank's official website, WeChat public account, and other channels, so please stay tuned. The bank provides personal housing loan fiscal interest subsidy services and has not entrusted any third-party institutions or individuals to handle them on its behalf, nor does it charge any fees. Customers are kindly requested to guard against various forms of fraud to protect their property and information security.
Bank of Communications announced that, in order to implement the decisions and arrangements of the CPC Central Committee and the State Council, support the rigid housing demand of urban and rural residents, and reduce the commercial personal housing loan interest burden on families newly purchasing their first home, the bank will actively respond to and strictly implement the spirit and relevant requirements of the Notice on Implementing the Residential Home Purchase Loan Interest Subsidy Policy (Cai Jin [2026] No. 95), promote commercial personal housing loan interest subsidy work in compliance with laws and regulations, and help more people achieve homeownership. The bank will optimize processing procedures, simplify handling formalities, and provide "no application required, automatic enjoyment" interest subsidy services for loans that meet the requirements of the aforementioned notice, achieving "borrow nearby, enjoy with peace of mind, and handle efficiently." Subsequent specific matters will be published through the Bank of Communications WeChat public account, official website, and other official channels, so please stay tuned.
Prior Reports
On September 29, the Ministry of Finance, the People's Bank of China, and the National Financial Regulatory Administration jointly issued a notice clarifying that starting from October 1, 2026, the residential home purchase loan interest subsidy policy will be implemented, with a tentative implementation period of one year. This is the first time the central government has provided interest subsidies for commercial personal housing loans. The notice specifies that interest subsidy support will be given to resident families that simultaneously meet the following conditions: first, the use of newly issued commercial personal housing loans to purchase a first home, excluding replacement of existing loans; second, the floor area of the purchased housing does not exceed 120 square meters; third, the price of the purchased housing does not exceed 1.5 million yuan. According to the notice, the scale of loans eligible for interest subsidies can reach up to 1 million yuan, with fiscal authorities providing an annualized interest subsidy of 1 percentage point, for a maximum subsidy period of 5 years.
Comments