In 2023, the benchmark interest rate for one-year (including one year) loans announced by the People's Bank of China was 4.35%, and the benchmark interest rate for one-to five-year (including five years) loans was 4.75%. At present, the benchmark interest rate of commercial loans is 4.90%, and the loan period exceeds 5 years. Due to the policy of restricting purchases and loans, local banks have different adjustments to the interest rate of the first home loan. The average interest rate of the first suite in China is 5.38%, and the interest rate generally rises by 5%-20%. The interest rate of the second home loan generally rose 10%-30%. The benchmark interest rate of provident fund loans is: 2.75% for loans with less than five years (inclusive), 3.25% for provident fund loans with more than five years, and the interest rate of second-home loans generally rises 10%. The benchmark interest rate of new loans announced by the People's Bank of China is subject to the latest interest rate announced by the People's Bank of China.