According to Announcement [20 19] No.30 of the People's Bank of China issued by the central bank:
1, 2020+ 1 The contracted floating-rate loans (excluding provident fund personal housing loans) that have been issued by financial institutions before but have not been issued with reference to the benchmark loan interest rate. Since June 5438+ 10/day, 2020, financial institutions are not allowed to sign floating interest rate loan contracts with reference to the benchmark loan interest rate.
2. From March 1 2020, financial institutions should negotiate with customers of existing floating interest rate loans on the conversion terms of pricing benchmark, and convert the interest rate pricing method agreed in the original contract into LPR as the pricing benchmark (the bonus value can be negative), and the bonus value will remain unchanged during the remaining period of the contract; It can also be converted into a fixed interest rate. Pricing benchmark can only be converted once, and cannot be converted again after conversion. In the last repricing cycle, the floating-rate loan of inventory shall not be converted. In principle, the conversion of the pricing benchmark of floating rate loans should be completed before August 3, 20201.
3. Financial institutions can renegotiate the repricing period and repricing date when negotiating with customers on the conversion terms of pricing benchmark. The shortest repricing period for commercial personal housing loans is one year.
4. If the stock floating interest rate loan is converted into a fixed interest rate, the converted interest rate level shall be determined by the borrower and the borrower through consultation, and the converted interest rate level of commercial personal housing loan shall be equal to the latest interest rate level of the original contract.