Agricultural Bank of China Implements Mortgage Interest Subsidy Policy to Support Homebuyers

According to a report by the People's Daily, the Agricultural Bank of China has actively responded to national requirements by implementing mortgage interest subsidy policies. During the recent holiday period, the bank focused on providing policy guidance and services to essential homebuyers, including migrant workers and those returning to their hometowns. The Guangdong branch coordinated policy publicity with real estate developers, property agencies and real estate registration departments. It also opened a green approval channel for housing loans. The report says these arrangements are intended to bring the policy benefits directly to eligible homebuyers. The bank's Sichuan Liangshan branch has deployed bilingual service teams to assist residents in ethnic minority areas. By combining telephone outreach with home visits and on-site services at new housing developments, the bank ensures that local residents can conveniently access information and process their loan applications under the new subsidy framework. In Hebei, the Handan branch focused on the holiday peak in returning homebuyers. Working with key housing developments, it set up consultation desks at sales offices to explain the conditions for interest subsidies to returning migrant workers and calculate the subsidy amounts on site.

Another reported case concerns Ms. Chen, who works in Guangzhou and applied for a housing loan with the bank. The source attributes expected reductions in interest payments to the subsidy; she said the policy eased her financial burden.