According to the 20 18 data query of Zibo Municipal People's Government, the benchmark interest rate of Zibo mortgage is 4. 1 72% for the first home loan with a loan term of1to 5 years. The loan term is 5 to 30 years, and the benchmark interest rate is 4.298%. The interest rate is determined according to the macroeconomic situation, monetary policy and market demand. The setting of benchmark interest rate is of great significance to both borrowers and banks, as a reference interest rate for calculating mortgage loan interest expenses. It should be noted that the interest rate is the benchmark interest rate, and the actual loan interest rate will fluctuate according to personal credit status, loan amount, collateral and other conditions.