After the conversion of the price standard, the new housing loan interest rate is calculated according to the fixed price cycle with reference to the LPR model, generally one cycle per year. Among them, the change of LPR interest rate is based on the difference (negative value) between the original contract execution interest rate level and the corresponding term LPR published in February 20 19 and the LPR published in February 20 19 for more than five years.
For example, a 20-year loan refers to the benchmark interest rate of 10. The actual execution interest rate after 30% discount is 3.43%, and the execution interest rate when it becomes LPR interest rate is also 3.43%. The pricing benchmark is changed to the LPR of more than 5 years published on February 20 19, that is, 4.
The calculated integral value is 3.43%-4.8%=- 1.37%, one basis point is 0.0 1%, and the integral value is-137 basis points. The bonus value is fixed during the remaining period of the contract, but the loan interest rate is recalculated according to the corresponding period LPR basis point of the latest month, and the housing loan interest rate follows LPR.
As can be seen from the above example, when the price benchmark is converted, the dividend value is calculated with reference to the implementation interest rate at the time of discount, which is equivalent to enjoying the discount, but the LPR interest rate will not be discounted.