In 2023, the benchmark interest rate for one-year (including one year) loans announced by the People's Bank of China was 4.35%, and the benchmark interest rate for one-to five-year (including five years) loans was 4.75%. For example, at present, the benchmark interest rate of commercial loans is 4.90%, and the loan term exceeds 5 years. Affected by the policy of restricting purchases and loans, local banks have adjusted the interest rate of the first home loan to varying degrees. The average interest rate of the first suite in China is 5.38%, and the interest rate generally rises by 5%-20%. The interest rate of the second home loan generally rose 10%-30%.

The benchmark interest rate of provident fund loans is 2.75% for loans with less than five years (inclusive), 3.25% for provident fund loans with more than five years, and the interest rate of second-home loans generally rises 10%. The benchmark crude and vertical interest rates of new loans announced by the People's Bank of China are subject to the latest interest rates announced by the People's Bank of China.

I. Entrusted loan:

Entrusted loans refer to loans issued, supervised and assisted by government departments, enterprises, institutions and individuals according to the loan object, purpose, amount and term determined by customers. The lender (trustee) only charges the handling fee and does not bear the loan risk.

2. Credit loan:

Credit loans refer to loans issued in the name of borrowers. Its characteristic is that the debtor does not need to provide collateral or third-party guarantee, but only needs to rely on his own reputation to obtain loans, and the borrower's credit degree is used as repayment guarantee. For a long time, this kind of credit loan has been the main loan method for banks in China.