[Three departments: When signing a loan contract, home buyers simultaneously authorize banks to handle interest discounts on their behalf] On September 29, the Ministry of Finance, together with the People's Bank of China and the State Administration of Financial Supervision, issued the "Notice on Implementing the Interest Discount Policy for Residential Home Purchase Loans" (Caijin [2026] No. 95). Relevant officials from the Ministry of Finance, the People's Bank of China, and the State Administration of Financial Supervision answered reporters' questions. What arrangements are there for the specific implementation of the policy? Interest discount is an important fiscal and financial coordination policy tool. In recent years, we have guided local and financial institutions to continue to explore and optimize, improve the working mechanism of horizontal collaboration and vertical integration, and continuously improve the convenience of policy operation. This time we organize and implement the interest discount policy for residents’ home purchase loans, focusing on the following aspects: First, the handling banks provide full coverage, making it easy to apply for a loan “nearby”. Considering the wide range of commercial personal housing loan business points, in order to facilitate the residents' families to borrow and enjoy nearby, all banks that carry out commercial personal housing loan business can handle the interest discount business for residents' home purchase loans in accordance with regulations. Second, discounts on interest rates are automatically available, allowing ordinary people to enjoy it with less worry. The home buyer applies for a loan at the bank in accordance with the normal credit procedures. When signing the loan contract, he only needs to authorize the bank to apply for interest discounts on his behalf. The bank automatically identifies eligible borrowers and automatically calculates and deducts the corresponding interest discount amount when collecting monthly interest. If the borrower repays the loan normally, the interest discount will be directly reflected in the repayment amount of each period. The bank will promptly inform the borrowers of the interest discount enjoyment status through mobile phone text messages, APP messages, etc., so that borrowers can "know what they are doing". Third, the management chain is streamlined to make the process more efficient. The people must have peace of mind, and the organization and implementation must be smooth. Banks have already mastered the factors such as identification of the first home, house area, total house price, and loan amount when approving loans. In order to simplify the operation process, the policy is clear this time. The handling bank is responsible for reviewing the interest discount qualifications, and the relevant departments organize joint spot checks in a timely manner. The financial department will take the lead in organizing and implementing the policy, strengthen coordination with handling banks, and guarantee interest discount funds; the People's Bank of China and the State Administration of Financial Supervision will manage real estate credit according to their division of responsibilities, strengthen the coordination and linkage of monetary policy and fiscal policy, and guide and urge handling banks to do a good job in loan disbursement and interest discounts. In the next step, we will closely track the progress of policy implementation, strive to make the operation as simple as possible, reduce the number of errands for the people, and promote the full release of policy effects so that the people can benefit as soon as possible.