According to a Moneycontrol report, interest rates for bank loans are significantly steeper in India than in China. While home loans in India typically range from 7.5% to 8.45% and personal loans between 10% and 15%, Chinese rates remain much lower, sitting at approximately 3.1% for mortgages and 3.5% to 3.65% for personal credit. The disparity is largely attributed to India's higher government bond yields, which increase funding expenses for lenders and ultimately drive up the cost of borrowing for consumers.

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