In 2023, the benchmark loan interest rate announced by the People's Bank of China was 4.35% for one year (including one year) and 4.75% for one to five years (including five years). 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 interest rate of new loans announced by the People's Bank of China is subject to the latest interest rate announced by the People's Bank of China.
I. Entrusted loan:
Entrusted loans refer to loans issued, supervised and recovered 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.
Bank of China loan interest rate
List of loan interest rates of Bank of China in 2022
List of benchmark interest rates for bank loans of China in 2022
Project annual interest rate%
benchmark interest rate
I. Short-term loans
Within one year (including one year) 4.35
Second, medium and long-term loans
One to five years (including five years) 4.75
More than five years 4.90
Three. The annual interest rate of individual housing provident fund loans is%.
Less than five years (including five years) 2.75
More than five years 3.25
Note: The interest rates in this interest rate table are for reference only, and the details are subject to the notice of the business outlets.
Requirements for loan conditions of Bank of China
There are different types of bank loans in China, and the application conditions for different types of loans are also different. Taking the personal credit loan of China Bank as an example, the following conditions need to be met:
1. The borrower has a fixed residence in China and a fixed residence in a local town, and is a citizen of China with full capacity for civil conduct;
2. The borrower has a stable job and income, and has the ability to repay the loan principal and interest on schedule;
3. The borrower is law-abiding and has no illegal acts and bad credit records;
4. The borrower opens a personal settlement account in China Bank;
5. Meet other conditions of China Bank.
Reference interest rate of RMB loans of China Bank in 2022
20 15 10 will be implemented on124 October.
Annual interest rate of the project (%)
I. Short-term loans
Within six months (including six months) 4.35
Six months to one year (including one year) 4.35
Second, medium and long-term loans
One year to three years (including three years) 4.75
Three to five years (including five years) 4.75
More than five years 4.90
Three, personal housing provident fund loans
Less than five years (including five years) 2.75
More than five years 3.25
List of bank loan interest rates in 2022
What are the loan interest rates of major banks?
According to the notice of the central bank:
Central bank loan benchmark interest rate:
(1) Short-term loan: within one year (including one year), and the adjusted interest rate is 4.35.
(2) Medium and long-term loans: the adjusted interest rate is 4.75 for one to five years (including five years); The adjusted interest rate for more than five years is 4.90.
(3) Personal housing provident fund loan: the adjusted interest rate is 2.75 for less than five years (including five years); The adjusted interest rate for more than five years is 3.25.
On the loan interest rates of the six major banks:
1, Industrial and Commercial Bank of China
ICBC, the interest rate of short-term loans (within six months, including six months) is 4.35%; The loan interest rate for half a year to one year (including one year) is 4.35%. The loan interest rate for one year to three years (including three years) is 4.75%, and the loan interest rate for more than five years is 4.9%.
If it is a provident fund loan, the loan interest rate for less than five years (including five years) is 2.75%; The loan interest rate for more than five years is 3.25%.
2. Agricultural Bank of China
The short-term loan interest rate of ABC (within six months, including six months) is 4.35%; The loan interest rate for one year to five years (including five years) is 4.75%, and the loan interest rate for more than five years is 4.9%. For individual housing provident fund loans, the loan interest rate for five years and below is 2.75%, and the loan interest rate for five years and above is 3.25%.
3. Central Bank
The loan interest rate of China Mingren Bank is 4.35% within one year (including one year), 4.75% for one to five years (including five years) and 4.9% for loans over five years. For individual housing provident fund loans, the loan interest rate for five years and below is 2.75%, and the loan interest rate for five years and above is 3.25%.
4. Bank of Communications
The loan interest rate of Bank of Communications is 4.35% within one year (including one year), 4.75% for one to five years (including five years) and 4.9% for loans over five years.
5. China Construction Bank
The short-term loan interest rate of CCB (within six months, including six months) is 4.35%; The loan interest rate for one year to five years (including five years) is 4.75%, and the loan interest rate for more than five years is 4.9%.
6. Postal Savings Bank
Postal savings bank, the loan interest rate (within six months, including six months) is 4.35%; The loan interest rate for one year to five years (including five years) is 4.75%, and the loan interest rate for more than five years is 4.9%.
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Benchmark lending rate
China People's Bank loan benchmark interest rate: (1) Short-term loans: within one year (including one year), and the adjusted interest rate is 4.35. (2) Medium and long-term loans: the adjusted interest rate is 4.75 for one to five years (including five years); The adjusted interest rate for more than five years is 4.90. (3) Personal housing provident fund loan: the adjusted interest rate is 2.75 for less than five years (including five years); The adjusted interest rate for more than five years is 3.25.
In order to deepen the interest rate marketization reform, improve the interest rate transmission efficiency and reduce the financing cost of the real economy, the People's Bank of China decided to reform and improve the formation mechanism of the quoted interest rate (LP) in the loan market. The relevant matters are hereby announced as follows:
1. Since August 20, 2065438+2009, the People's Bank of China has authorized the National Interbank Funding Center to announce the quoted interest rate of the loan market at 9: 30 on the 20th of each month (postponed in case of holidays), which can be inquired by the public on the websites of the National Interbank Funding Center and the People's Bank of China.
II. Loan Market Quotation Rate Quotation Banks should quote to the National Interbank Funding Center at the open market operating rate (mainly referring to the medium-term lending convenience rate) before 9: 00 on the 20th of each month (postponed in case of holidays). After removing the highest and lowest quotations, the National Interbank Funding Center calculates the quotation rate of the loan market through arithmetic average.
Third, in order to improve the representativeness of the loan market quotation rate, the types of quotation banks in the loan market quotation rate have increased from the original national banks to city commercial banks, rural commercial banks, foreign banks and private banks, and this time they have been expanded from 10 to 18, and will be evaluated and adjusted regularly in the future.
4. Expand the quoted interest rate of the loan market from the original one-phase variety 1 year to two-phase variety 1 year and more than five years. Loans with a term of 1 and a term of more than five years are priced with reference to the loan market quoted interest rate of the corresponding term, and the loan interest rates with a term of 1 and a term of 1 to five years are independently selected by the Bank.
Five, from now on, banks should mainly refer to the loan market quotation rate pricing in new loans, and adopt the loan market quotation rate as the pricing benchmark in the floating rate loan contract. The existing loan interest rate is still implemented according to the original contract. Banks may not set the implicit lower limit of loan interest rate pricing in any form through cooperative behavior.
Six, the People's Bank of China will guide the market interest rate pricing self-discipline mechanism to strengthen the supervision and management of the loan market quotation rate, evaluate the quotation quality of quotation banks, urge banks to use the loan market quotation rate pricing, and seriously deal with illegal acts that disrupt the market order such as setting the implicit lower limit of loan interest rate by banks. The People's Bank of China incorporated the application of the quoted interest rate in the loan market and the competitive behavior of the loan interest rate into the macro-prudential assessment (MPA).
Legal basis:
According to Article 26 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases, if the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people shall support it, except that the interest rate agreed by both parties exceeds four times the one-year loan market listing rate when the contract is established.
What is the loan interest rate of 20 12?
20 12 the central bank's benchmark interest rate was lowered once on June 8th and once on July 6th.
I. 8 June
Adjustment table of benchmark interest rate for RMB deposits and loans of financial institutions
Demand deposit 0.40
Fixed deposit in lump sum and withdrawal-
2.85 pounds for three months
Half a year 3.05
3.25 a year
Two years 4. 10
4.65 pounds for three years
Five years 5. 10
All kinds of loans-
5.85 for six months
6.3 per year1
6.40 for one to three years
Three to five years 6.65
More than five years 6.80
Provident fund loan-
Less than five years (including five years) 4.20
More than five years 4.70
Four changes:
June 8, 2065 438+02
July 6, 1965 438+02
No.2014165438+10/2
201March 5 No.65438 +0
Extended data:
Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. The interest rate in China is managed by the People's Bank of China. The bank loan interest rate refers to the benchmark interest rate set by the People's Bank of China, and the actual contract interest rate can fluctuate within a certain range on the basis of the benchmark interest rate.
The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease.