On July 7 last year, the loan interest rate was adjusted to 7.05%. If you borrowed it at that time, it increased by 20% and the interest rate was 8.46%.

The interest rate of bank housing loans is adjusted once a year, and most banks adjust it every year at 65438+ 10, based on the interest rate last adjusted by the central bank last year.

However, the interest rate of China Bank's housing loan is not 1 month every year, but is adjusted (year by year, month by month) after one year of repayment. Suppose you start to repay in July 1 1, and it has been one year since June this year 15. The interest rate in July this year can be adjusted according to the new interest rate, but the 20% floating rate will not be cancelled, so your interest rate can be adjusted to 6.80% * 1.2 = 8.

The above answers are for your reference only.