The lowest interest rate for major 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. Only a few-quality customers can finally enjoy the lowest interest rates that are attractive to them. Many banks are taking advantage of the peak consumption season of the Spring Festival to attract new and old customers to "take out" personal credit loans. They have vigorously marketed through lottery draws, coupons, limited-time special offers, etc.