The lowest interest rate for state-owned banks has dropped to 3%. The best interest rates for some joint-stock banks and city commercial banks is even lower than 3%.
Many banks have further cut interest rates on personal consumer loans. The lowest interest rates are not available to everyone. Only a few people can finally enjoy the lowest rates that are attractive. The interest rate (simple interest) after the discount is 3.28%. If you are lucky enough to get the 40% off interest coupons for a limited time, the annual interest rate can be as low as 2.98%.