The unit of measurement of loan cycle can be year, half year, quarter and month. For example, loan 15 or 180 months. But some loan cycles are determined by the repayment amount. For example, the loan is 180 times, which means that there are 180 periods in one * *. If it is repaid once a month, it is equivalent to a loan of 15 years, but if it is repaid once a year in February, it is equivalent to a loan of 30 years. The effective date of the loan to the first repayment date is generally the same as the subsequent repayment interval.

If the benchmark interest rate is adjusted, the repayment amount will also be adjusted, but the fluctuation (or downward fluctuation) within the loan term remains unchanged. If the benchmark interest rate is adjusted, the loan interest rate will rise (or fall) on the basis of the new interest rate. As for when to implement the new interest rate, it should be determined according to the nature of the loan (commercial loan or provident fund loan), the lending bank and the contract sample.

If you apply for a loan in a bank for one year, the loan period is one year. If you want to enjoy the national policy of lowering the loan interest rate in the next loan cycle, you must wait until the loan cycle of the previous year expires.

Extended data

After the adjustment of general bank interest rate, the interest rate of the outstanding part of the loan will also be adjusted accordingly. There are three forms:

1, which is the newly adjusted interest rate at the beginning of the following year after the bank's interest rate adjustment (ICBC, Agricultural Bank of China and China Construction Bank are all like this).

2. It is a year-round adjustment, that is, the new interest rate is adjusted and implemented every year of repayment (this is the case with bank mortgage in China).

3. Both parties agree that the new interest rate level will generally be implemented in the month after the bank's interest rate adjustment. The adjustment of the interest rate of provident fund loans is carried out every year 1 month 1 day.

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