The interest rate of bank loans cannot be set by banks themselves, but by the People's Bank of China, so the interest rate of bank loans in China is based on the benchmark interest rate. The People's Bank of China made the first adjustment in 2065438+2005124 October, and most banks can float within the upper and lower limits of interest rates stipulated by the People's Bank of China. The specific loan interest rates of Chinese banks are as follows: (Note: The People's Bank of China stipulates that the loan interest rates of banks can float freely, so the loan interest rates of different banks will be different, and the interest to be paid for loans is determined by the contract signed between the lender and the bank. )