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Does the benchmark interest rate announced by the central bank refer to the annual interest rate or the monthly interest rate?

Refers to the annual interest rate. If there is a China Merchants Bank in your city, you can try to apply for a loan through China Merchants Bank. The loan interest rate needs to be comprehensively priced based on the business type you are applying for, credit status, guarantee method and other factors, and can only be determined after approval by the branch.

If you want to know the loan base interest rate information, please open the following website (/CmbWebPubInfo/CDRate.aspx?chnl=cdrate) to find out.