The loan interest rate is related to the loan purpose, loan nature, loan term, loan policy and different loan banks. The state sets the benchmark interest rate, and banks determine the differential loan interest rate according to various factors, that is, floating up or down on the basis of the benchmark interest rate.
The current benchmark interest rate was adjusted and implemented on July 7, 20 1 1 year. Types and annual interest rates are as follows:
① 6. 10% short-term loan for six months (inclusive).
② 6.56% from half a year to one year (inclusive).
③ One to three years (inclusive) 6.65%.
(4) 3 to 5 years (inclusive) 6.90%.
⑤ More than five years and 7.05%.
Extended data:
The adjustment of interest rate floating range is an important link in the reform of interest rate marketization. The central bank has been cautious in implementing this measure. For many years, the deposit interest rate has been kept from floating up or down temporarily, and the loan interest rate can be lowered from 10% to 70% on the basis of the benchmark interest rate.
However, this policy began to change on June 8, 20 12. The People's Bank of China allowed commercial banks to raise the deposit interest rate to 10% of the benchmark interest rate, and the pace of interest rate marketization began to take off gradually.
Previous adjustment
1. The People's Bank of China has decided that as of June 8, 20 12:
(1) Adjust the upper limit of the floating range of deposit interest rate of financial institutions to 1. 1 multiple of the benchmark interest rate.
(2) Adjust the lower limit of the floating range of the loan interest rate of financial institutions to 0.8 times of the benchmark interest rate.
2. The People's Bank of China decided to adjust the lower limit of the floating range of the loan interest rate of financial institutions to 0.7 times of the benchmark interest rate from July 6, 20 12. The floating range of individual housing loan interest rate will not be adjusted, and financial institutions should continue to strictly implement differentiated housing credit policies and continue to curb speculative investment in housing.
References:
Baidu encyclopedia-interest rate