In order to explore the deformation characteristics and stiffness degradation of loess near active faults under subway loading, a series of dynamic triaxial tests were utilized to model the effect of subway loading on loess near active faults. The cumulative plastic strain characteristics and stiffness degradation laws of loess under different dynamic stress amplitudes and different loading frequencies are obtained, and the cumulative plastic strain and stiffness degradation indices are fitted using empirical formulas and degradation models, respectively. The results show that the growth rate of cumulative plastic strain and the attenuation degree of stiffness degradation index are large under large dynamic stress amplitude and low loading frequency. And the empirical formula accurately fits the cumulative plastic strain curve, and the correlation coefficient is more than 0.9. Furthermore, the degradation model fits the stiffness degradation index curve well, and the degradation parameter increases with increasing dynamic stress amplitude and decrease with increasing frequency. The findings of the study can be used to guide the construction and safe operation of subway tunnels that traverse active faults.