1, provident fund loan interest rate

The annual interest rate of credit loans with a loan term of less than five years (inclusive) is 2.75%;

The annual interest rate of credit loans over five years is 3.25%.

2. Ordinary loan interest rate

The annual interest rate of credit loans within one year (inclusive) is 4.35%;

The annual interest rate of credit loans from one year to five years (inclusive) is 4.75%;

The annual interest rate of credit loans for more than five years is 4.9%.

The interest rate of personal micro-credit loans of rural commercial banks is determined according to personal credit status, fund use, loan method and relevant policies of local rural commercial banks. Different loan products have different loan interest rates. Generally, the loan interest rate of rural commercial banks in various places will fluctuate about 0-30% on the benchmark interest rate of the central bank according to the credit situation of lenders.

The full name of rural commercial bank is rural commercial bank, which was reformed from rural cooperative bank. It is a joint-stock local financial institution composed of farmers, enterprise legal persons, industrial and commercial households in rural areas and other economic organizations, and its qualification is a joint-stock rural commercial bank.

Rural commercial banks have always been committed to serving agriculture, countryside and farmers and serving counties, which can effectively meet the various loan needs of urban and rural residents, including micro-credit loans for farmers, joint guarantee loans for farmers, mortgage loans for forest rights, loans for home appliances to the countryside, and overseas labor services loans.

Rural commercial bank (English name: Rural Commercial Bank) is a commercial bank serving local farmers, agriculture and rural economic development in China.

Rural commercial banks are mainly established on the basis of rural credit cooperatives and county (city) rural credit cooperatives. They are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations under their jurisdiction in the form of joint-stock companies.

Jiang Liming, director of the supervision department of cooperative financial institutions of China Banking Regulatory Commission, said that no new rural cooperative banks will be established, and all rural cooperative banks will be transformed into rural commercial banks. Cancel the qualification shares in an all-round way and encourage qualified rural credit cooperatives to be restructured into rural commercial banks. On the premise of maintaining the overall stability of the legal person status of counties (cities), we will steadily promote the reform of provincial associations, and gradually build a new relationship between provincial associations and grass-roots legal entities with property rights as the link, equity as the link and supervision as the constraint, so as to truly form the same interests between provincial associations and grass-roots legal entities.

The proportion of qualified shares in rural credit cooperatives in China has dropped below 30%. About 303 rural commercial banks and 2 rural cooperative banks have been established, and the total assets of rural banks account for 4 1.4% of the rural cooperative financial institutions in China. In addition, 1424 rural credit cooperatives have met or basically met the conditions for establishing rural commercial banks. Through the reform, the governance model of rural credit cooperatives has undergone fundamental changes, the long-standing problem of insider control has been effectively solved, and the institutions themselves have formed an endogenous driving force to further promote the reform of deep-seated institutional mechanisms.