The benchmark interest rate for loans recently announced by the People's Bank of China is as follows:
I. Short-term loans
The loan term is within six months (including six months) and the interest rate is 4.35%;
The loan term is six months to one year (including one year), and the interest rate is 4.35%;
Second, medium and long-term loans
The loan term is one to three years (including three years) and the interest rate is 4.75%;
The loan term is three to five years (including five years), and the interest rate is 4.75%;
The loan term is more than five years and the interest rate is 4.9%.
During the repayment period of the borrower's loan, if the benchmark loan interest rate changes, or the bank where the borrower lends changes the loan interest rate, the borrower's loan interest rate will not be affected in the year when the interest rate changes, and the borrower's loan will be implemented according to the adjusted loan interest rate in the second year after the loan interest rate is adjusted.
Since 20 15, 10124 October, the central bank has cut interest rates by 0.25 percentage points and RRR by 0.5 percentage points. The central bank also announced the liberalization of the floating ceiling of deposit interest rates. However, the relevant person in charge of the central bank stressed that the abolition of administrative restrictions on interest rate fluctuations does not mean that the central bank will no longer manage interest rates, and interest rate marketization will enter a new stage.
What is the benchmark interest rate for a three-year loan?
If it is a commercial loan, the benchmark interest rate for a three-year loan is 4.75%; If it is a provident fund loan, the benchmark interest rate for a three-year loan is 2.75%. The benchmark interest rate for commercial loans of the central bank is:
1. The loan interest rate within one year (including one year) is 4.35%.
2. The loan interest rate for one year to five years (including five years) is 4.75%.
3. The loan interest rate for more than five years is 4.9%.