The benchmark interest rate for first home loans is 4.15%. As of October 11, 2023, data released by the People's Bank of China shows that the first-home loan benchmark interest rate in Suzhou is 4.15%, and the first-home loan interest rates of China Construction Bank and Industrial and Commercial Bank of China are 4.25% and 100% respectively. The first-time home interest rates of Bank of Communications, China Merchants Bank and China Minsheng Bank are 4.35%, 4.4% and 4.45% respectively.