The People's Bank of China authorized the National Interbank Funding Center to announce that in 2022, the loan market quoted interest rate (LPR) 1 year was 3.65%, and that for five years and above was 4.3%. The above LPR is valid until the next LPR version.

What is LPR? loan

Preferential interest rate is the loan interest rate for the best quality customers (customers with the strongest repayment ability, usually local governments, state-owned enterprises and large companies).

Other people's loan interest rates are all increased or decreased (usually increased). LPR is determined by the interest rate of 18 bank, except for the highest one and the lowest one, and the remaining average is it, which is updated on the 20th of each month. If the market is short of funds, interest rates will rise, and vice versa.

18 Bank: 10 National banks (Bank of China, China Construction Bank, Agricultural Bank of China, ICBC, Bank of Communications, China Merchants Bank, Minsheng, Xingye, Pudong Development Bank, CITIC), city commercial banks (such as Taizhou Bank), rural commercial banks, foreign banks (Standard Chartered, Citigroup) and private banks (Weizhong, online merchants). We hope they can accurately reflect the loan situation in the market.

Therefore, this LPR interest rate depends on the process of supply and demand balance in a market, which does not mean that the interest rate will definitely fall. On the contrary, market-oriented pricing may reduce or increase this interest rate.

The latest central bank LPR interest rate in June 5438+ 10, 2023 (updated on the 20th of each month):

One-year lpr interest rate: 3.65%

Five-year lpr interest rate: 4.3%

1 month LPR interest rate (current 1 year LPR interest rate is 3.65%; The latest five-year LPR interest rate is 4.3%. )

Provident fund mortgage interest rate:

Within 5 years (including 5 years), 2.75%

More than 5 years, 3.25%

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