What is the bank's one-year loan interest rate?

The interest rate of one-year bank loans varies with countries, regions, banks, loan types and market changes. The information provided here may be out of date, so it is best to consult your local bank directly to get the accurate loan interest rate.

In China, the one-year loan interest rate usually refers to the benchmark interest rate set by the People's Bank of China. In 2023, the benchmark interest rate for one-year loans was 3.65%. However, the actual loan interest rate may vary with banks, loan types and market changes.

In the United States, the one-year loan interest rate usually refers to the federal funds rate. In 2023, the target range of the federal funds rate is 4.25%-4.50%. Similarly, the actual loan interest rate may vary with banks, loan types and market changes.

Please note that the loan interest rate may be affected by many factors, including market conditions, benchmark interest rate, the borrower's credit history and loan amount. Therefore, when applying for a loan, it is best to consult the local bank to find out the exact loan interest rate.