The full name of LPR in Chinese is Loan Prime Rate (LPR), also known as loan market quotation. This conversion is aimed at converting existing loans. At present, the interest rate of LPR is lower than that of 2065438+February 20, 2009. Therefore, for the borrower, it is expected that the loan interest rate of the lender will drop by the next repricing date. Of course, the future direction of LPR needs customers to judge by themselves in combination with the market. There are two options:

1, converted into floating interest rate in the form of LPR plus points: the future loan interest rate is LPR+ floating interest rate (which can be floating or falling), and you can enjoy the benefits brought by the downward movement of LPR; Adverse interest rate rises, which means that it may bear a greater interest burden than in the past;

2. Convert to fixed interest rate: maintain the existing base interest rate+floating interest rate (equal to the current implementation interest rate level of the original contract), and do not convert regardless of your interest rate until the loan is paid off; Disadvantages There is no way to enjoy the benefits brought by LPR downlink.

Reminder: The new LPR shall be submitted by each quotation bank to the National Interbank Funding Center by 0.05 percentage point before 9: 00 on the 20th of each month (postponed in case of holidays). After excluding the highest and lowest quotations, the National Interbank Funding Center will calculate the LPR by arithmetic average and round it to the nearest integer multiple of 0.05%. It will be announced at 9: 30 on the same day, and the public can inquire at the National Interbank Funding Center and the website of the People's Bank of China.

Reply time: February 2022-14. Please refer to the latest business changes announced by Ping An Bank in official website.