Core Viewpoint - The interest rates for business loans, both secured and unsecured, have been declining, with some rates reaching historical lows, but the demand for such loans remains limited due to reduced funding needs from businesses [1][4]. Group 1: Secured Business Loans - Some banks are offering secured business loans with interest rates as low as 2.35%, with loan amounts up to 20 million yuan, but individual enterprises can only borrow up to 10 million yuan [2]. - The repayment terms for these loans can be structured as interest-first or equal principal and interest, with a requirement for one year before repayment begins [2]. - The current interest rates represent a decrease of approximately 0.3 percentage points compared to the end of 2023, where rates were around 2.7% [2]. Group 2: Unsecured Business Loans - Unsecured business loans are also seeing a decline in interest rates, with some products starting at a base rate of 3% and special rates as low as 2.68% for select customers [3]. - Another bank offers an unsecured loan product with a maximum limit of 3 million yuan and a minimum interest rate of 3% [3]. - A city commercial bank has introduced a personal business loan product with a limit of 300,000 yuan and an interest rate as low as 3.0% [3]. Group 3: Market Demand and Trends - Despite the declining interest rates, the demand for business loans is relatively low, with a limited number of eligible clients, making it challenging for banks to increase loan disbursements [4]. - Recent data indicates that the average interest rate for newly issued corporate loans is around 3.43%, down from 3.2% earlier in the year, reflecting a decrease of 23 basis points [4]. - The People's Bank of China reported a decrease in new loans, with a total of 620 billion yuan in new loans issued in May, which is a year-on-year decrease of 330 billion yuan [4].