It is one of the four major banks and local supporting banks.

1. The four major banks

Among the many banks, which bank has the lowest interest rate, the interest rates of the four major banks must be relatively low compared to other commercial banks. . According to the latest loan interest rates in 2021, the lowest loan interest rate for five-year loans from the four major banks is 4.9, while for loans with a term of less than five years, the lowest loan interest rate can reach 4.75.

However, it should be noted that if you want to apply for a loan from the four major banks, the loan application threshold is still relatively high. As state-owned enterprises, the four major banks have relatively strict qualification requirements for loan applicants.

In addition to the lender’s personal credit report, other qualifications also need to comply with bank regulations.

2. Local supporting banks

If the borrower cannot apply for a mortgage loan at the four major banks, then he can choose some local banks that are supported by policies. For example, borrowers in Dalian can apply for a loan at the Bank of Dalian. As a local, the Bank of Dalian will generally provide some preferential loan interest rates.

And if they receive policy support, this type of bank will be better than other commercial banks in terms of loan amount and loan time.

In general, when applying for a loan from a bank, if you want to choose one with low interest rates and reliability, it is definitely right to choose the four major banks.

But lenders also need to judge based on their own qualifications. The better the personal qualifications, the higher the loan amount that can be applied for, and the lower the loan interest rate that can be applied for.