There are usually the following situations:
1. Automatically implement the new interest rate.
As long as the interest rate changes, the monthly repayment amount will be automatically calculated according to the new loan interest rate from the time of interest adjustment.
2. Adjust the interest rate every month
Adjustment this month, implementation next month. If the bank adjusts the loan interest rate on 20 1 14122 October, the repayment in February will be calculated at the new interest rate.
3. Annual adjustment
That is, after adjustment this year, the new loan interest rate will be implemented on June 65438+1 October1of the following year; If the bank adjusts the loan interest rate on 20 1 141October 22nd, the repayment on1October 22nd will be calculated at the new interest rate.
It is necessary to combine the types of loan contracts signed by lenders and make changes according to the contracts. For details, please call the lender to handle the customer service telephone consultation of the mortgage bank.