“The Bank's personal mortgage operating loan interest rate is as low as 2.3%, and the maximum credit limit is 30 million yuan. The final approval results must be determined based on conditions such as real estate valuation, business conditions, and borrower qualifications.” On December 30, a personal loan manager from Minsheng Bank in Shanghai told reporters. Recently, the reporter investigated a number of banks and found that interest rates on personal loans have generally entered the “beginning of 2”, and interest rates at some banks have dropped to around 2.3%. At the end of the year and the beginning of the New Year, selling more with small profits and exchanging price for volume became the core strategy of many banks to solicit customers. Industry insiders believe that the profits of bank low-interest operating loans are meager, and sometimes they even have to trade at a loss, but for some banks, this business can drive the development of various business lines such as settlement, payment of wages, public finance, private banking, etc., and the comprehensive benefits are still impressive. However, experts warned that the industry needs to be wary of falling into internal competition to prevent a decline in profitability and endogenous capital replenishment capacity.

“The Bank's personal mortgage operating loan interest rate is as low as 2.3%, and the maximum credit limit is 30 million yuan. The final approval results must be determined based on conditions such as real estate valuation, business conditions, and borrower qualifications.” On December 30, a personal loan manager from Minsheng Bank in Shanghai told reporters. Recently, the reporter investigated a number of banks and found that interest rates on personal loans have generally entered the “beginning of 2”, and interest rates at some banks have dropped to around 2.3%. At the end of the year and the beginning of the New Year, selling more with small profits and exchanging price for volume became the core strategy of many banks to solicit customers. Industry insiders believe that the profits of bank low-interest operating loans are meager, and sometimes they even have to trade at a loss, but for some banks, this business can drive the development of various business lines such as settlement, payment of wages, public finance, private banking, etc., and the comprehensive benefits are still impressive. However, experts warned that the industry needs to be wary of falling into internal competition to prevent a decline in profitability and endogenous capital replenishment capacity.