Today, I learned from the six major banks, including Industrial and Commercial Bank, Agricultural Bank, Bank of China, China Construction Bank, Bank of Communications, and Postbank, that various banks have issued announcements one after another in accordance with the Ministry of Finance, the People's Bank of China, and the General Administration of Financial Supervision's “Notice on Further Accomplishing the Work Related to Fiscal and Financial Cooperation Policies to Promote Domestic Demand”, clarifying the implementation points of the latest credit card installment interest rate discount policy. A number of banks have made it clear that according to the notification requirements of the three departments, the maximum cumulative interest rate discount limit for personal consumption loans and credit card installment services that each borrower can enjoy at the same bank has been raised from 3,000 yuan per year to 5,000 yuan per year. This 5,000 yuan interest rate discount amount can be used either entirely for personal consumption loans, or for credit card installment services, or the ratio of the two can be distributed according to individual needs.

Today, I learned from the six major banks, including Industrial and Commercial Bank, Agricultural Bank, Bank of China, China Construction Bank, Bank of Communications, and Postbank, that various banks have issued announcements one after another in accordance with the Ministry of Finance, the People's Bank of China, and the General Administration of Financial Supervision's “Notice on Further Accomplishing the Work Related to Fiscal and Financial Cooperation Policies to Promote Domestic Demand”, clarifying the implementation points of the latest credit card installment interest rate discount policy. A number of banks have made it clear that according to the notification requirements of the three departments, the maximum cumulative interest rate discount limit for personal consumption loans and credit card installment services that each borrower can enjoy at the same bank has been raised from 3,000 yuan per year to 5,000 yuan per year. This 5,000 yuan interest rate discount amount can be used either entirely for personal consumption loans, or for credit card installment services, or the ratio of the two can be distributed according to individual needs.