After the interest rate adjustment, the monthly payment will be recalculated according to the remaining mortgage principal, loan term and current interest rate, and the interest rate discount or floating ratio will remain unchanged during the loan period (the bank can cancel the interest rate discount when the loan is overdue or bad for many times). The specific interest rate adjustment time is not based on the benchmark interest rate adjustment time of the People's Bank of China, but based on the specific agreement in the loan contract of the loan bank, and is automatically updated according to the time agreed in the contract. Generally, there are two conventions for updating time:

1, updated to current interest rate in June every year 1.

Representative banks: Industrial and Commercial Bank, Agricultural Bank, Postal Bank, etc.

2. The loan shall be updated to the current interest rate of the corresponding month.

Agent Bank: Bank of China.