What were the consumer loan interest rates for various banks in 2012? Since July 7, 2011, the central bank raised the benchmark annual interest rate for loans: I. Short-term loans: up to six months (including six months) - 6.10%; from six months to one year (including one year) - 6.56%. II. Medium and long-term loans: from one to three years (including three years) - 6.65%; from three to five years (including five years) - 6.90%; over five years - 7.05%. The benchmark loan interest rate is the same for all banks and is stipulated by the central bank. However, the actual loan interest rate may not be implemented according to the benchmark rate as banks can adjust the rate on their own. The consumer loan interest rate and small online loans may be higher than the benchmark rate. Regarding the interest rate, it depends on two factors: one is the bank's situation (for example, whether the bank's loan quota is tight), and the other is the borrower's conditions, such as repayment ability and credit status, etc. The better the qualifications, the slightly lower the interest rate will be.