Harbin Bank Consumer Finance Company is a licensed consumer finance company initiated by Harbin Bank as the main investor and approved by China Banking Regulatory Commission. It is also a licensed consumer finance company approved by China Banking Regulatory Commission. It provides loans to individual residents in China according to law and is supervised by China Banking Regulatory Commission.
The operating loan interest rate of Harbin Bank will float on the benchmark interest rate of the central bank loan, and then the floating interest rate will be implemented. The benchmark interest rate of central bank loans is 4.35% for loans under 1 year, 4.75% for loans between 1-5 years and 4.90% for loans over 5 years.