Bank loans have low interest rates.

Among bank consumer loan interest rates, the lowest annual interest rate for short-term loans is 4.35%, and the lowest annual interest rate for medium- and long-term loans is 4.9%. The daily interest rate for bank credit card loans is generally around 0.05%, which translates into an annual interest rate of around 18%. In comparison, bank consumer loans have lower interest rates than credit card cash withdrawals.

If the borrower applies for a bank online consumer loan, taking CCB Quick Loan as an example, the lowest daily interest rate is 0.02%. Compared with the cash withdrawal interest of a credit card, it is also the interest rate of a bank’s online consumer loan. A little lower. However, each lender's personal qualifications are different, and the specific loan interest rate a lender can apply for still needs to be determined based on the actual situation.