From August 1, loan contracts must clearly state exactly how much you were charged - 36Kr

China will require lenders to give borrowers a standardized all-in cost disclosure before any personal loan or installment contract is signed.

The form must itemize every charge, show annualized rates, and identify who collects each fee.

The rule covers banks, consumer finance firms, small loan companies, guarantee services, and loan platforms.

It takes effect on August 1, 2026, and is meant to curb hidden fees and improve borrower protection.