The interest on bank loans is generally determined according to the interest rate stipulated by the bank. For loans within six months, the benchmark interest rate for RMB loans is 4.35%. The annual interest rate of loans for six months to one year is 4.35%; The annual interest rate of one to three-year loans is 4.75%; The annual interest rate of three to five-year loans is 4.75%; The annual interest rate of loans over five years is 4.90%.

Legal objectivity:

People's Republic of China (PRC) Commercial Bank Law

Article 29

Commercial banks should follow the principles of voluntary deposit, freedom of withdrawal, interest-bearing deposit and confidentiality for depositors when handling personal savings deposit business.

Commercial banks have the right to refuse any unit or individual to inquire, freeze or deduct personal savings deposits, except as otherwise provided by law.

People's Republic of China (PRC) Commercial Bank Law

Article 30

Commercial banks have the right to refuse any unit or individual's inquiry about enterprise deposits, except as otherwise provided by laws and administrative regulations;

Have the right to refuse any unit or individual to freeze or deduct, except as otherwise provided by law.