The benchmark loan interest rate is adjusted and announced by the People's Bank of China from time to time, while LPR is the interest rate quoted by the quoting bank according to the loan interest rate executed by the bank's best customers and calculated and announced by the National Interbank Funding Center authorized by the People's Bank of China. Compared with the benchmark loan interest rate, LPR is more market-oriented and can better reflect the changes of market supply and demand.

If you choose to switch to pricing based on LPR, on the next repricing date, your execution interest rate will be calculated and determined according to the latest LPR, and so on. If you choose a fixed interest rate, it is based on the interest rate at the time of conversion, and the interest rate will not change until your loan expires. You can make this choice according to your own wishes and judgment. If we think that the interest rate will be cut with high probability in the future, the overall LPR will show a downward trend, and it is more favorable to use LPR as the pricing benchmark. If you think the probability of LPR is rising in the future, it is more beneficial to convert it into a fixed-rate loan.

Tips: The above contents are for reference only.

Reply time: 202 1-09- 14. Please refer to the latest business changes announced by Ping An Bank in official website.

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