Targeting Interest Fee Chaos, Regulators Promote "Comprehensive Financing Cost Disclosure Form" for Personal Loans

[Caixin] In recent years, the personal loan market has developed rapidly, playing a positive role in promoting personal consumption and business operations. At the same time, the disclosure of interest and fee information for personal loans has revealed some irregular and non-transparent issues, which not only easily lead to financial consumer disputes but also affect the effectiveness of interest rate policies and weaken the quality of financial services to the real economy. There is an urgent need for regulation.

On the evening of March 15, 2026, the National Financial Regulatory Administration and the People’s Bank of China jointly issued the “Regulations on the Clear Disclosure of the Total Cost of Personal Loan Business” (hereinafter referred to as the “Regulations”). By clarifying the scope and procedures for disclosing interest and fee information, defining responsibilities of all parties, and strengthening supervision, the Regulations promote the use of a “Comprehensive Financing Cost Disclosure Form” for personal loans. The goal is to make all interest and fee information transparent and open, better safeguarding the legitimate rights and interests of financial consumers.