Ministry of Finance: The residential mortgage interest subsidy policy will be implemented starting October 1, providing interest subsidy support of an annualized 1 percentage point on the loan principal for a period not exceeding 5 years.

Zhito Finance APP has learned that on September 29, the Ministry of Finance, the People's Bank of China, and the National Financial Regulatory Administration issued a notice on implementing an interest subsidy policy for resident home purchase loans. It states that resident families who take out loans to purchase commercial housing and meet the following conditions at the same time may receive support under the central government fiscal interest subsidy policy. The policy will take effect on October 1, 2026, with an implementation period tentatively set at 1 year. During this period, for eligible first-home commercial personal housing loans newly issued by handling banks, the fiscal authorities will provide interest subsidy support at an annualized rate of 1 percentage point on the loan principal for a term not exceeding 5 years, and the upper limit for the loan amount eligible for interest subsidy per household is 1 million yuan. Interest subsidy funds will be borne by the central government and local governments at 90% and 10%, respectively. Among this, the sharing ratio for provincial and sub-provincial fiscal authorities shall be independently determined by provincial fiscal authorities in light of actual conditions.