The bank loan interest rate is not high 3: 7. We should know that the interest rate of 3.7 refers to the traditional calculation method of private lending interest in China, that is to say, the interest rate is 3.7 per thousand, which is 0.37 percent. The interest of 10,000 yuan a year is 37 yuan, which is not high and very cost-effective. But the monthly interest rate is 0.37%, the annual interest rate is 1 ten thousand yuan, and the annual interest rate is 444 yuan. The six major state-owned banks have been vigorously promoting unsecured credit consumption loans recently. The lower limit of interest rate is no more than 4%, and the lowest can be as low as 3.7%, which can be said to be an unprecedented low.