In addition to provident fund loans, there seems to be
Are you sure you have a mortgage? Isn't it a provident fund loan?
This time, there is only PR interest rate conversion, and only R can be selected.
3. What does loan lpr mean?
Simply put, the conversion of personal loan pricing benchmark to lpr means that the reference benchmark of some personal loan interest rates (including mortgages) applied for has changed. Financial institutions will convert the interest rate pricing method agreed by customers in the original contract into LPR as the pricing benchmark and add points (the points can be negative), which will remain unchanged for the remaining term of the contract. Loan Market Quotation (LPR) is a basic loan preferential interest rate calculated and published by a representative quotation bank according to the bank's loan interest rate for the best quality customers and the open market operating interest rate (mainly referring to the medium-term lending convenience rate). All financial institutions should mainly refer to the loan pricing of LPR. LPR is the loan interest rate executed by commercial banks for their best customers. It is obtained from the quotations of 18 banks, excluding the highest and lowest quotations, and then calculating the weighted average of the rest quotations. LPR has a high degree of marketization, which can fully reflect the supply and demand of funds in the credit market. Using LPR for loan pricing can promote the marketization of loan interest rate and improve the transmission efficiency from market interest rate to credit interest rate. 202 1, 1 The People's Bank of China authorized the National Interbank Funding Center to announce that the loan market quoted interest rate (LPR) of 202 1, 65438+February 20, 1 year is 3.8%, and it is 4.65% for more than five years. The above LPR is valid until the next LPR version. One-year lpr and five-year LPR are two maturity varieties of LPR, and the specific differences are as follows: (1) The applicable loan term is different: the loan market applies 1 year LPR interest rate, which is applicable to loans with loan term less than 5 years; The 5-year lpr interest rate is applicable to loans with a loan term of more than 5 years. (2) The quotation mechanism is different: 1 year lpr interest rate quotation is based on capital cost (including MLF cost), risk cost, occupation cost and operation cost; The price of 5-year lpr is 1 year lpr periodic premium. (3) Different application fields: One-year LPR is usually linked to the short-term loan interest rate of enterprises, and five-year LPR is usually linked to the mortgage interest rate. Regulating LPR in different periods can not only guide the real economy to lower interest rates and reduce the cost of capital, but also maintain strict control over the real estate market and prevent funds from flowing into the property market.
4. What does 4.LPR mean?
Preferential loan interest rate
The full name of LPR is "loan primer". This interest rate was originally used for corporate loans, and then gradually began to reform. It is the loan interest rate provided by financial institutions to the best quality customers, so for us ordinary lenders, it means that we don't have to accept various interest rate changes and settle directly at the most favorable interest rate. For lenders and enterprises, it is to reduce financing costs and promote interest rate marketization.
LoanPrimeRate (LPR) is the loan interest rate executed by commercial banks for their best customers, and other loan interest rates can be generated by adding or subtracting points on this basis. The centralized quotation and release mechanism of loan preferential interest rate is that on the basis of the quotation bank's independent quotation of the bank's loan preferential interest rate, the publisher is designated to calculate the quotation by weighted average, and the average quotation rate of the quotation bank in the loan preferential interest rate is formed and announced to the public. At the initial stage of operation, the preferential loan interest rate of 1 year was announced to the public.
At present, the formation of LPR is determined by medium-term loan facility (MLF), long-term loan (housing loan) and quotation bank, and the quotation frequency is changed from daily quotation to monthly quotation, thus forming the formation system of LPR.
The formulation of this system is a guiding process, only the loan interest rate is reformed, but the deposit interest rate is not, which shows that it is to guide funds, with lower cost, which will be more conducive to corporate loans. Due to the long-standing dual interest rate problem in China, there are regulated loan interest rates and market-oriented interest rates that are completely determined by market supply and demand. One track is dominated by the national bank, representing the official interest rate, and the other track is dominated by non-bank financial institutions, representing the market-oriented interest rate. There is no doubt that we are passive in this process, and the interest rate of each bank may be different. This reform is to make this interest rate become one.
Generally speaking, LPR is the transmission mechanism of interest rate. The original interest rate will cause financing difficulties for some small and medium-sized enterprises. In particular, some banks will take the official loan benchmark interest rate as the standard and multiply it by a certain multiple as their lower interest rate, which hinders the transmission of market interest rate to the real economy and is difficult to meet the needs of financial market development, so these reasons have promoted the birth of LPR.