If you want to know which bank's interest rate is relatively low, first understand the decoration loan interest rates of major banks. For example:

1. People's Bank of China

Short-term loans, with annual interest rate of 5.6% within half a year and 6% from half a year to one year;

Medium and long-term loans, 6. 15% for one to three years, 6.4% for three to five years, and 6.55% for more than five years.

The benchmark interest rate of decoration loans is set by the central bank, and the bank loan interest rate can fluctuate on this basis.

2. Industrial and Commercial Bank of China

What is the interest rate of personal housing renovation loan? ICBC shall follow the personal loan interest rate stipulated by the People's Bank of China for the same period, that is to say:

Short-term loans with an annual interest rate of 5.58% for half a year to one year;

For medium and long-term loans, the annual interest rate is 5.76% for one to three years and 5.85% for three to five years.

3. Agricultural Bank

Short-term loans, with an annual interest rate of 5.6% within half a year and 5.6% from half a year to one year;

Medium and long-term loans, 6% for one to three years, 6% for three to five years and 6. 15% for more than five years.

4. Bank of China

Short-term loans, 5.655% within six months and 5.655% within six months to one year;

Medium and long-term loans, 6. 175% for one to three years, 6. 175% for three to five years, and 6.37% for more than five years;

5. China Construction Bank

Short-term loan: 5.1%for half a year to one year;

Medium and long-term loans: 5.5% for one to three years, 5.5% for three to five years, and 5.65% for more than five years.

6. China Merchants Bank

Short-term loans: 4.6% within six months and 4.6% within six months to one year;

Medium and long-term loans: 5.0% for one to three years, 5% for three to five years and 5. 15% for more than five years.