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What does it mean to cancel the lower limit of 0.7 times the loan interest rate of financial institutions?
In other words, you can get a 30% discount on loans before, but now you can get a lower discount, such as 6.5% discount and so on. Of course, loans used to bear interest unless there were special reasons.

Let's put it this way: If the benchmark interest rate of national loans used to be 10%, then you can get a minimum discount of 30%, that is, you can get a minimum interest loan of 7%.

If the country is still 10%, it can get an interest rate of 6.5%.

The loan is favorable.