Last March, the benchmark annual interest rate of mortgage was 7.05%, and the interest rate offered by the bank rose by 20%, that is, 7.05%* 1.20=8.46%. This should be stipulated in the loan contract. On July 6, 20 12, the annual mortgage interest rate was adjusted to 6.55%, and your loan interest rate will be adjusted accordingly on June 5,438+0 this year, but it is still 20% higher than the benchmark interest rate, that is, 6.55%* 1.20=7.86%, and the monthly payment will be reduced after adjustment.

In the future, from 65438+ 10 to 65438+ 10 every year, the bank will adjust the interest rate according to the interest rate announced by the central bank last year, but it will increase by 20% (without discount) until the loan is paid off.