After the central bank reduces the benchmark interest rate, existing loan customers (that is, customers who issued loans before the interest rate cut) will also enjoy the interest rate cut. However, unlike new loans, the implementation time of interest rate cuts is generally not implemented at the same time as interest rate cuts.

Most loan associations stipulate that the latest interest rate will be implemented 1 month 1 day the year after interest rate adjustment.

Some loan contracts stipulate that the latest interest rate shall be implemented on the corresponding day throughout the year.

Some interest rates have been adjusted, and the latest interest rate will be implemented the next month.

Note: When the new interest rate is implemented, the interest rate of each lender may not be the benchmark interest rate. The floating ratio of benchmark interest rate agreed in the original contract remains unchanged.