The invention discloses a high formability and low-chromium ferrite stainless steel and a making method thereof, the high formability and low-chromium ferrite stainless steel comprises the following chemical components by weight: less than or equal to 0.015% of C, 0.010-0.35% of Si, 0.015-0.25% of Mn, 9.5-11% of Cr, 0.15-0.20% of Ti, less than or equal to 0.025% of P, less than or equal to 0.002% of S, less than or equal to 0.010% of N, less than or equal to 0.025% of (C + N), 0.0010-0.0050% of Ca, less than or equal to 0.05% of Al, greater than or equal to 6 (C + N) of Ti, and balance of Fe and inevitable impurities, wherein the impurity element Ni content is less than or equal to 0.3%, Cu content is less than or equal to 0.3%, O content is less than or equal to 0.0050%, and the content of Ni+0.5Cu is less than or equal to 0.35%, and the total amount of other impurity elements is less than 0.05% of. The formability is improved by reduction of hardness and strength by reduction of the Cr, Si and Mn content and control of solid solution amount of the Cr, Si and Mn in the steel to reduce the solid solution strengthening effect; by strict control of the content of Ni and Cu, the possibility of the martensite phase formation is reduced to reduce the hardness and strength of the stainless steel to improve the formability. By control of mixed use ratio of molten iron and scrap steel, the content of the impurity elements Ni and Cu in the steel, the influence of the impurity elements Ni and Cu on the hardness and strength and other properties can be ultimately controlled.