The interest rate of bank consumer loans is determined according to the region and the qualifications of lenders. Every bank has different consumer loan products and different application conditions. So if you want to know which bank's consumer interest rate is low, you need to go to several banks to apply for consumer loans, so as to know which bank gives you the lowest interest rate.

The first is the state-owned banks. Among the state-owned banks, China Bank has the lowest interest rate, followed by China Construction Bank, Agricultural Bank and Industrial and Commercial Bank. Among other state-owned banks, the mortgage interest rates of Postal Savings Bank, Industrial Bank and China Merchants Bank are generally lower than those of other banks. The latest data shows that the mortgage interest rate of the four major state-owned banks is generally around 3.85% at 202 1.

If the lender wants to apply for a credit loan, the lowest loan interest rate of 202 1 should be China Bank, and the current loan interest rate is 2.6%. Then there is ICBC's renovation loan, with equal principal and interest repayment. The longest installment is five years, and the loan interest rate is as low as 3%.

After that, the loan interest rate was relatively low, that is, joint-stock commercial banks such as Industrial Bank, Minsheng Bank and China Merchants Bank, and the monthly interest rate basically ranged from 6% to 8%. After that, there were renovation loans from Postal Bank, China Construction Bank and Agricultural Bank, and the interest rate was also very low.