The loan interest rates of the four major banks are usually lower than those of commercial banks. Under normal circumstances, the loan interest rate of state-owned banks will generally rise by about 10% on the basis of the latest LPR interest rate under the condition that the lender's conditions remain unchanged. The loan interest rate of commercial banks will generally rise by about 15% on the basis of the latest LPR interest rate.

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%.