Will ABC not convert LPR to default fixed?
The default is not fixed, but the pricing method of the original contract is maintained, that is, the benchmark interest rate of the central bank loan is still used as the pricing benchmark. According to the announcement of Agricultural Bank of China, since August 25th, 2020, the loan pricing of qualified individual housing loans that have not been converted into the pricing benchmark will be uniformly converted into the floating interest rate formed by adding points with reference to LPR (the points can be negative), and the added points of the converted loans are equal to the difference between the latest execution interest rate level of the original contract and the corresponding term LPR released in February 20th/Kloc-0th/9th. The added value is fixed during the remaining term of the contract.
If there is any objection after batch conversion, the borrower can negotiate with the Agricultural Bank of China through mobile banking, online banking, customer service hotline or the original loan handling bank before 65438+February 3, 2020/. If the borrower wants to cancel the batch conversion and maintain the pricing method of the original contract, he can apply for cancellation through mobile banking, online banking, customer service hotline or the original loan handling bank of Agricultural Bank. It should be noted that the cancellation operation can only be handled once.
The above is the answer to ABC's default fixed LPR, and I hope it will help you. The interest rate pricing method for specific conversion shall be subject to the actual regulations of Agricultural Bank of China.