The interest rate on loans refers to interest charges charged by financial institutions for borrowing funds, is one of the key indicators of bank credit policies and economic activities and one of the factors to be taken into account in the selection of loan products. Summarizing interest rate data on loans over the years can help people better understand and choose their own lending products. This paper will analyse changes in the interest rates of loans over the years from multiple angles and help readers to understand the relevant knowledge of the rates of loans。

List of interest rates on loans in previous years

(i) Impact of national macroregulation on loan interest rates

The level of interest rates on our loans is influenced by national macro-regulatory policies, such as monetary policy, real estate regulation, etc. In the area of monetary policy regulation, central banks influence the level of interest rates on loans by adjusting the money supply and the market interest rate by, inter alia, changing the rates of deposit reserves and open market operations. In terms of real estate regulation, the introduction of policies such as restrictions on purchases and on loans has an impact on the interest rate of loans. For example, after the 2016 buy-out and loan-restriction policy, interest rates on housing loans began to decline。

(ii) Comparison of interest rates on different types of loans

IN MY COUNTRY, THE INTEREST RATES ON LOANS ARE DIVIDED INTO THREE MAIN TYPES: LPR (INTEREST RATE FOR QUOTATIONS IN THE LOAN MARKET), BASE RATE AND FLOATING RATE. LPR, A MARKET OFFER FOR BANK LOAN RATES, IS A NEW TYPE OF LOAN RATE INTRODUCED BY THE CENTRAL BANK IN 2013 AND IS MARKET-DECISIVE. THE BASE RATE IS THE BASE RATE FOR ALL TYPES OF LOANS SET BY THE CENTRAL BANK, SUCH AS THE BASE RATE FOR LOANS, THE BASE RATE FOR DEPOSITS, ETC. FLOATING INTEREST RATES ARE A FORM OF LOAN INTEREST RATE THAT FLUCTUATES AGAINST THE BASE RATE. IN THE CASE OF HOUSING LOANS, FOR EXAMPLE, THE AVERAGE FIXED-TERM LOAN IS THE BASE RATE, WHILE SUB-LENDING IS THE FLOATING RATE BASED ON FACTORS SUCH AS THE VALUE OF THE MORTGAGE AND THE RATE OF INTEREST FLUCTUATIONS. THE SPECIFIC VALUE OF DIFFERENT TYPES OF LOAN RATES IS INFLUENCED BY DIFFERENT FACTORS AND WILL NEED TO BE SELECTED ACCORDING TO THEIR OWN CIRCUMSTANCES。

(iii) Impact of changes in interest rates on borrowers

Changes in the interest rate on loans affect the borrower ' s repayment pressure and the cost of repayment. When the interest rate on the loan rises, the borrower ' s repayment pressure increases and the cost of repayment increases. For example, for the period from 2013 to 2014, the central bank raised the base rate of loans five times in a row, resulting in overburdened households and some repayment difficulties. When the interest rate on the loan falls, the borrower can relieve repayment pressure and reduce the cost of repayment. Therefore, borrowers need to consider the choice of interest rates in the light of their financial position, the duration of the loan, etc., when choosing the loan product。

In summary, interest rates on loans are one of the important indicators of bank credit policies and economic activity, and understanding the changes in interest rates on loans over the years can help us better to choose the loan product. At the same time, the value of interest rates on loans is influenced by a number of factors, such as monetary policy, real estate regulation, etc., and borrowers need to consider the choice of different types of interest rates according to their own circumstances when choosing a loan product, as well as by the impact of changes in interest rates on them。