1.LPR is actually equivalent to the original "benchmark interest rate". The difference is that the change frequency is faster, and it is announced on the 20th of each month. Due to the quotation of 18 bank, the market impact is more obvious.
2. From March 1 2020, financial institutions should negotiate with customers of existing floating interest rate loans on the conversion terms of pricing benchmark, and convert the interest rate pricing method agreed in the original contract into LPR as the pricing benchmark (the bonus value can be negative), and the bonus value will remain unchanged during the remaining period of the contract. It can also be converted into a fixed interest rate.
3. For example, the LPR interest rate is 4.8%, and the final interest rate is 5.3% after a certain upward adjustment, so the interest rate plus point is 0.5% or 50BP. After the user converts the mortgage interest rate into LPR interest rate, the interest rate will be raised to a fixed value and will not change during the loan period.
4. How to calculate the conversion LPR?
First of all, let's study how to calculate the interest rate of stock mortgage-the interest rate of stock mortgage follows the principle of equivalent exchange, that is, the converted interest rate is consistent with the original interest rate in value.
5. Calculation formula:
After conversion, the mortgage interest rate =LPR (the value published in 65438+February last year)+fixed spread (that is, fixed added value).
6. For the new mortgage interest rate, the formula is also "LPR+ plus point value", and LPR is also the value announced by the central bank on the 20th of each month. The difference is that the bonus value is determined by the government, which can adjust it according to the situation of the property market: the bonus value may be higher in areas with hot property market and lower in areas with cold property market.
I hope I can help you, but the specific value still belongs to the bank.