The benchmark interest rate for one-year loans of financial institutions will be lowered by 0.25 percentage point to 4.35%. Microfinance companies' policy loans for agriculture, countryside and farmers generally have an annual interest rate of 9%, and the benchmark interest rate for one-year deposits is lowered by 0.25 percentage point to 1.5%, and the benchmark interest rates for RMB loans and deposits of financial institutions are lowered.
The interest rate of each financial institution is different. If it is a small loan company's policy loan for agriculture, rural areas and farmers, the annual interest rate is generally 9%