On the LPR repricing date, the new loan interest rate is recalculated and determined by the LPR interest rate+basis point of the corresponding period in the latest month.
The repricing date is the month-by-month date of the lending date, which refers to the month-by-month date corresponding to the lending date. For example, if the loan issuance date is July 23rd, 2020, then the repricing date is July 23rd every year.
Financial institutions can renegotiate the repricing period and date when negotiating the conversion terms of pricing benchmark with customers. The shortest repricing period of commercial individual housing loans is one year. On each interest rate repricing date, the interest rate level is recalculated and determined by the corresponding period LPR and added value of the latest month.
This refers to the conversion of existing loans into LPR bonus points. After the bonus points are determined, fixed interest rate and floating interest rate can be implemented, and the floating interest rate is determined to be 65438+ 10/day in June of the following year.