The People's Bank of China's 2014 Loan Interest Rate Table

Effective November 22, 2014, the benchmark interest rates for RMB loans and deposits of financial institutions will be lowered.

The one-year loan benchmark interest rate of financial institutions was reduced by 0.4 percentage points to 5.6%; the one-year deposit benchmark interest rate was reduced by 0.25 percentage points to 2.75%. At the same time, in conjunction with the advancement of interest rate market-oriented reforms, the deposit interest rates of financial institutions were reduced. The upper limit of the floating range is adjusted from 1.1 times to 1.2 times the deposit benchmark interest rate; other loan and deposit benchmark interest rates are adjusted accordingly, and the benchmark interest rate term grades are appropriately simplified.

Loan interest rate table:

Extended information:

1. From January 1 to November 21, 2014, the benchmark annual interest rate for loans announced by the People's Bank of China As follows: within 6 months (inclusive) 5.6%; 6 months to 1 year (inclusive) 6%; 1-3 years (inclusive) 6.15%; 3-5 years (inclusive) 6.4%; 6.55% for more than 5 years;

2. From November 22 to December 31, 2014, the benchmark annual interest rate for loans announced by the People's Bank of China is as follows: within 6 months (inclusive) 5.6%; 6 months to 1 year (including 1 year) 5.6%; 1-3 years (including 3 years) 6%; 3-5 years (including 5 years) 6%; more than 5 years 6.15%.