The repricing date is the interest rate adjustment date agreed between you and the bank. The repricing date of personal mortgage is generally 1+0 per year, or the date corresponding to the annual loan issuance date (referred to as the "corresponding date"). The repricing cycle refers to the length of time from this repricing date to the next repricing date. If the personal mortgage interest rate changes every year, then the repricing cycle is one year. If the floating rate loan has passed the last repricing date, the loan is already in the last repricing cycle. Before March 2020, and from March to August 2020, loans entering the last repricing cycle cannot change the pricing benchmark. However, if both parties reach an agreement, they can also switch.