Is China Industrial and Commercial Bank's mortgage interest rate lowered automatically or do you need to apply for interest rate reduction yourself? My mortgage was made in June 2004. Please, everyone! Automatic 30% discount if you meet the requirements.

Personal housing loans issued before June 27, 2008 with the benchmark interest rate of 0.85 times can enjoy a preferential interest rate of 0.7 times if the borrower has no record of default for more than two consecutive periods (inclusive) and has no bad record in other loans of China Industrial and Commercial Bank since February 2009.

Didn't you find that you spent less when you paid back the money? Hmm. How interesting