Loan interest rate (1) Loan interest rate is related to the purpose of the loan, the nature of the loan, the loan term, the loan policy, different lending banks, etc. The state stipulates the benchmark interest rate, and each bank determines the differential loan interest rate based on various factors, that is, it floats up or down based on the benchmark interest rate. The current benchmark interest rate was adjusted and implemented on July 7, 2011. The types and annual interest rates are as follows: ① Short-term loans for six months (inclusive) 6.10; ② Six months to one year (inclusive) 6.56; ③ One to three years (inclusive) ) 6.65; ④ Three to five years (inclusive) 6.90; ⑤ More than five years 7.05. (2) Mortgage as an example: bank loan interest rates are based on a comprehensive evaluation of the loan's credit status, etc., and the loan interest rate level is determined based on the credit status, collateral, national policies (whether it is the first home), etc. If the evaluation is good in all aspects, different banks will The mortgage interest rates implemented vary. In 2011, due to financial constraints and other reasons, some banks implemented first home loan interest rates of 1.1 times or 1.05 times the benchmark interest rate. Starting from February 2012, most banks will adjust the interest rate for first-time home buyers to the benchmark interest rate. In early April, major state-owned banks began to implement preferential interest rates for first home loans. The maximum discount on interest rates of some banks can reach 15% off. The interest rate after the 15% discount for a term of more than five years is 7.05*0.85=5.9925