What is the general interest rate for car loans?
1 Answers
The interest rate for car loans generally ranges between 6.5% and 9.3%. Below is an introduction to the car loan interest rates offered by various banks: Bank of China: Loan term of 1 year: interest rate of 4%, 2 years: 8%, 3 years: 12%. China Construction Bank: 1-3 years (including 3 years): 5.31% * number of years, 3-5 years (including 5 years): 5.4% * number of years. Industrial and Commercial Bank of China: Within 6 months (including 6 months): car loan interest rate of 5.60%, 6 months to 1 year (including 1 year): car loan interest rate of 6.0%, 1-3 years (including 3 years): 6.15% * number of years, 3-5 years (including 5 years): 6.40% * number of years, over 5 years: 6.55% * number of years.