Legal subjectivity:

my country’s loan interest rate levels are uniformly managed by the People’s Bank of China and implemented after approval by the State Council. The current central bank’s benchmark interest rate: Commercial loans: within 1 year (including one year) ) 5.35%; one to five years (inclusive) 5.75%; more than five years 5.90% Provident fund loan: less than five years (inclusive): 3.50%; more than five years 4.00% but the credit policies of different regions and Different banks have different regulatory requirements and will make some adjustments based on the base interest rate. It is recommended that you consult your local commercial bank. Legal objectivity:

Article 13 of the "General Principles of Loans" The lender shall determine the interest rate for each loan in accordance with the upper and lower limits of loan interest rates stipulated by the People's Bank of China, and state this in the loan contract. Article 14 of the "General Principles of Loans" The lender and the borrower shall calculate or pay interest on schedule in accordance with the loan contract and the relevant interest calculation regulations of the People's Bank of China. When the extension period of the loan plus the original period reaches the new interest rate grade, the loan interest will be calculated and collected based on the new term grade interest rate from the date of extension. Overdue loans will be charged penalty interest in accordance with regulations.