China Merchants Bank will convert the pricing benchmark of all commercial personal housing loans into LPR in early April. If you have any objection after batch conversion, you can contact the local post-lending center to try to make post-lending changes, float to a fixed interest rate, or automatically convert to PBOC benchmark interest rate model through self-service channels in August 2020.
LPR announced that the LPR interest rate will be adjusted once a month, but this does not mean that the mortgage interest rate based on LPR will also be adjusted once a month. The pricing cycle of the user's mortgage interest rate can be negotiated with the loan bank. The shortest time period is 1 year, and the longest is the contract period. For example, the agreed term is 1 year, so it is within 1 year.
The loan market quotation rate LPR refers to the interest rate calculated and published by the National Interbank Funding Center authorized by the People's Bank of China after 18 quotation banks complete the quotation, including varieties with a term of 1 and more than 5 years. From August 20th, 2065,438+09, in case of holidays, LPR will be postponed to 9: 30 on the 20th of each month.
The adjustment of China Merchants Bank's mortgage interest rate is based on the LPR benchmark interest rate announced by the central bank. China Merchants Bank can only adjust its floating interest rate.
At present, the preferential loan interest rate of LPR quotation bank group is 1 year, which has been announced to the public. At present, the quotation bank group consists of nine commercial banks, namely China Bank, China Industrial and Commercial Bank, China Agricultural Bank, China Construction Bank, Bank of Communications, China Merchants Bank, Shanghai Pudong Development Bank, China CITIC Bank and Industrial Bank. The quotation bank shall meet the hard financial constraints and macro-prudential policies.
From August 20th, 20 19, in case of holidays, the LPR reply time will be extended to 9: 30 on the 20th of each month to June 22nd, 2022. Please refer to the latest business rules for your reference. If in doubt, please give me a warm reminder.
On the basis of the preferential loan interest rate, the addition and subtraction points are determined. At present, the best lending rate LPR for 1 year loan is composed of nine commercial banks: Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, China Merchants Bank, Shanghai Pudong Development Bank, China CITIC Bank and Industrial Bank.
At the same time, considering the sufficient provision level, the profit of China Merchants Bank is expected to maintain rapid growth. Looking forward to the future, it is expected that the spread of China Merchants Bank will still face downward pressure, mainly due to the interest rate cut on the asset side, and the return rate on the asset side is expected to remain under pressure. Moreover, the head office has reflected the future trend of the industry for more than two years.
LPR is determined by the interest rates of 65,438+08 banks, which have the right to decide their own loan interest rates. 18 banks include 18 national banks and some city banks, such as China Bank, China Construction Bank, Agricultural Bank, China Industrial and Commercial Bank and Bank of Communications.