If the benchmark interest rate is lowered, the monthly repayment amount of the loan will be reduced, but the specific execution time should be determined according to the loan bank, the nature of the loan and the loan contract.

The calculation of loan interest adopts floating interest rate, and the interest is adjusted with the adjustment of interest rate. Of course, no matter how it is calculated, it has no effect on the interest paid. It will have an impact on the adjusted interest. After the adjustment of the general bank interest rate, the interest rate of the unpaid part of the loan is also adjusted. There are three forms: first, after the bank's interest rate is adjusted, the newly adjusted interest rate will be implemented at the beginning of the following year (ICBC, Agricultural Bank of China and China Construction Bank are all like this); The second is the annual adjustment, that is, the new interest rate is adjusted and implemented every year of repayment (China bank mortgage is like this); Third, the two sides agreed that the new interest rate level will generally be implemented in the month after the bank's interest rate adjustment. Adjust the interest rate of provident fund loans every year 1 month 1 day.