According to official website of China People's Bank, the current benchmark interest rate for five-year loans is 4.75%. The People's Bank of China also announced the benchmark annual interest rates of loans for various periods, including 0-6 months, 6 months-1 year, 1-3 years, 3-5 years and more than 5 years. The benchmark annual interest rate for loans of 0-6 months and 6 months-1 year is 4.35%, that for loans of 1-3 years and 3-5 years is 4.75%, and that for loans of more than 5 years is 4.90%.