4.35% to 4.90%. The benchmark interest rate of commercial loans in Shandong in 2020 is: 4.35% within one year (inclusive), 4.75% within one to five years (inclusive) and 4.90% above five years; The interest rate of the provident fund loan is: 2.75% for less than five years (inclusive) and 3.25% for more than five years. The local first-home provident fund loan is implemented at the benchmark interest rate.