Yes, this benchmark interest rate is set by the central bank, and commercial banks have the right to adjust the loan interest rate according to the actual situation of borrowers.

At present, the benchmark interest rate of bank loans over five years is 6.80% (annual interest rate), and the 1. 1 multiple of the benchmark interest rate is 7.48% (annual interest rate); Not less than 1. 1 times of the benchmark interest rate, that is, the interest rate is not less than 7.48%.