Loan Prime Rate (LPR) fixed-rate loans are determined based on the LPR plus or minus points at a certain time point or time period specified in the contract (such as the effective date of the contract or the day before the loan issuance date) A loan with a specified interest rate that does not change until the maturity date of the loan.

For example: For a 1-year fixed-rate loan, the contract stipulates that the interest rate will be determined by adding 10 basis points (i.e. 0.1 percentage points) to the 1-year LPR on the day before the signing (effectiveness) date. The one-year LPR on the day before the signing (effectiveness) date is 4.15, then the interest rate of the loan during the borrowing period is 4.25 (4.25 0.1=4.25) and remains unchanged until maturity. (Answered on November 25, 2019. If there is any change, please refer to the latest published loan market quotation rate)