According to the announcement of the People's Bank of China, the shortest repricing period (the interval between two repricing days) is one year. Although LPR quotes every month, the mortgage interest rate will not be adjusted every month. From the first repricing date after conversion, on each repricing date, the interest rate level is recalculated and determined by the added value of LPR and conversion date in the corresponding period of the latest month, and remains unchanged in a repricing period.

(Answer time: August 2023 16)

The above contents are for your reference. Please refer to the actual business regulations.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GOAPP to handle related business.