What is the general interest rate for car loans?
1 Answers
The car loan interest rates of various banks are generally as follows: 1. Bank of China: Loan term of 1 year, interest rate 4%; 2 years, 8%; 3 years, 12%; 2. China Construction Bank: 1-3 years, 5.31% * number of years; 3-5 years, 5.4% * number of years; 3. Industrial and Commercial Bank of China: Within 6 months, car loan interest rate 5.60%; 6 months to 1 year, car loan interest rate 6.00%; 1-3 years, 6.15% * number of years; 3-5 years, 6.40% * number of years; over 5 years, 6.55% * number of years.