LPR is the reference interest rate for loan pricing. On the basis of LPR, the actual interest rate paid by the borrower should be determined by the borrower and the borrower through consultation, taking into account factors such as credit status, mortgage guarantee mode, term, interest rate floating mode and type. The specific way of expression should be to add and subtract points on the basis of LPR in the corresponding period.

For example, the interest rate of a loan is expressed as 1 year LPR+ 15 basis points (i.e. 0. 15 percentage points) through negotiation between the borrower and the lender. If the current 1 year LPR is 4.25%, the effective interest rate is 4.4% (4.25%+0.65438).

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

If you have any questions, please contact online customer service of Bank of China.

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