Consumer loans are expected to fall below 2%, cheaper than mortgage loans.

On January 21st, reporters visited bank branches and saw customers coming in to inquire about personal consumption loan related services. Currently, the interest rates for personal consumption loans at many banks are in the range of 3% to 6%. A bank customer manager said, "Different situations have different interest rates, but overall it's very cost-effective." According to the reporter's calculations, the interest rate for a certain joint-stock bank's consumption loans is around 3%, with a discount of 1 percentage point, meaning individuals can save about one-third of the interest. During the implementation period of the consumption loan discount policy, the actual interest rates borne by consumers are expected to drop to around 2%. It is worth noting that for some high-quality customers, after enjoying the discount, the actual interest rate for consumption loans can enter the "2% range". This level is even lower than the current interest rates for newly issued housing loans.