Loan interest is generally determined according to the borrower's credit history, loan amount, loan term and loan interest rate. Common loan interest rates are floating interest rate and fixed interest rate.

The floating interest rate will change with the change of market interest rate, while the fixed interest rate will remain unchanged throughout the loan period. In China, the average level of loan interest is about 5%- 10%, and the specific interest rate will vary with different banks and loan products. When choosing a loan, you should choose a more favorable interest rate and a more flexible repayment method as far as possible to ensure that you can bear the repayment pressure of the loan.