The latest notice of CBRC reminds banks within its jurisdiction to guard against consumer loan risks. In principle, the personal comprehensive consumption loan amount shall not exceed 6,543,800,000 yuan, and the term shall be within 654.38+00 years. Previously, some banks could issue loans of up to 5 million yuan.

Personal comprehensive consumer loans, commonly known as consumer loans, are secured loans issued by banks to borrowers for designated consumption purposes. Uses include house decoration, purchase of large-scale durable consumer goods such as automobiles, and personal consumption such as travel and study.