2013 Loan Interest Rate Table

During 2013, the benchmark annual interest rates for loans announced by the People's Bank of China are as follows: 5.6 within 6 months (inclusive); 6 months to 1 year (inclusive) years) 6; 1-3 years (including 3 years) 6.15; 3-5 years (including 5 years) 6.4; more than 5 years 6.55.

What is the bank loan benchmark interest rate in 2013?

1. Commercial loan interest rate in 2013

(1) Loan cycle: within six months (including six month), project annual interest rate (): 5.60

(2) Loan period: six months to one year (including one year), project annual interest rate (): 6.00

( 3) Loan cycle: one to three years (inclusive), project annual interest rate (): 6.15

(4) Loan cycle: three to five years (inclusive), project annual interest rate (): 6.40

(5) Loan period: more than five years, project annual interest rate (): 6.55

2. Personal housing provident fund loan interest rate in 2013

(1 ) Loan cycle: less than five years (including five years), project annual interest rate (): 4.00

(2) Loan cycle: more than five years, project annual interest rate (): 4.50

Note: The above latest 2013 loan benchmark interest rates are as of May 29, 2013. Please refer to the announcement of the People's Bank of China for details.

Extended information:

The adjustment of the floating range of interest rates is an important part of the market-oriented reform of interest rates. The central bank has been more cautious in the implementation of this measure. It has been implemented for many years that the deposit interest rate cannot be raised temporarily. , floating downward, the loan interest rate can fluctuate from 10% down to 70% above the base interest rate.

However, since June 8, 2012, this policy has begun to change. The People's Bank of China has allowed commercial banks to raise deposit interest rates to a maximum of 10% of the benchmark interest rate, and the pace of interest rate liberalization has gradually begun.

Previous adjustments

1. The People’s Bank of China decided that starting from June 8, 2012: (1) The floating range of deposit interest rates of financial institutions will be The upper limit is adjusted to 1.1 times the benchmark interest rate;

(2) The lower limit of the floating range of loan interest rates of financial institutions is adjusted to 0.8 times the benchmark interest rate.

2. The People's Bank of China decided to adjust the lower limit of the floating range of loan interest rates of financial institutions to 0.7 times the benchmark interest rate starting from July 6, 2012. The floating range of personal housing loan interest rates will not be adjusted. Financial institutions must continue to strictly implement differentiated housing credit policies and continue to curb speculative investment purchases.