If commercial loans are converted into provident fund loans, the interest will naturally decrease. Because the interest rate of commercial loans is formed by adding the LPR of the corresponding term as the pricing benchmark, the five-year LPR quotation is 4.6%, and the basis points stipulated by the bank (tens or hundreds, one basis point is equal to 0.0 1%) are also included, so it is usually around 5%, and some even above 6%. Provident fund loans are based on the benchmark interest rate of the central bank. In the benchmark interest rate published by the People's Bank of China, the annual interest rate of provident fund loans for more than five years is 3.25% (the interest rate of the second set of housing provident fund loans is 1. 1 times of the benchmark interest rate).