Personal housing provident fund loan: less than five years (including five years), the loan interest rate is 2.75%; The loan interest rate for more than five years is 3.25%;
As can be seen from the above benchmark interest rate table, after 30 years of loan, the commercial loan interest rate is 4.9% and the provident fund loan interest rate is 3.25%. China's commercial loan interest rate is not fixed, and banks will adjust the benchmark loan interest rate according to their own conditions. The benchmark interest rate in most cities generally rises 10%- 15%, that is, 5.39%-5.635.
The benchmark interest rate is one of the important means for the central bank to achieve the monetary policy objectives, and the basis for setting the benchmark interest rate can only be the monetary policy objectives. When the focus of policy objectives changes, the interest rate as a policy tool should also change. Different interest rate levels reflect different policy requirements. When the policy focuses on stabilizing the currency, the interest rate of central bank loans should be raised in time to curb overheated demand. On the contrary, it should be lowered in due course.