Not high, it is a low interest rate. It is cost-effective to lower the benchmark interest rate. For example, last year, the basic mortgage interest rate was 4.9, and the interest rate was 4.5. Many people are above the benchmark interest rate, which is a preferential price. Many borrowers want to get such an interest rate, but they can't. The annual interest rate is 4.35% and the monthly interest rate is 3.6%.

At present, most bank mortgage loans and provident funds on the market are at this annualized interest rate. For some consumer finance, the interest rate will reach 12%- 18%, and the gap is still quite large. The loan interest rate is lower than the benchmark interest rate for loans with a term of more than five years and the LPR for loans with a term of more than five years, which is a low loan interest rate. Customers who can get this kind of interest rate concessions are generally high-quality customers of banks, and banks are willing to establish long-term lending relationships with users before giving interest rate concessions. At the same time, the lower the loan interest rate, the lower the user's borrowing cost, which is very suitable for long-term borrowing.