If the mortgage has a fixed interest rate, additional fees will be charged. After the user chooses to convert the user's previous mortgage interest rate to a fixed interest rate, the interest rate will not change, but the pricing basis will change. Since the interest rate has not changed, the interest on the loan will naturally not increase. For example, the previous mortgage interest rate was 4.9%. After choosing a fixed interest rate, the interest rate changed to 4.8% + 0.1%, and the interest rate did not change.

Relevant knowledge

Regarding home purchase loans, if the customer applies for a personal housing provident fund loan, the central bank's loan benchmark interest rate will be implemented. Among the central bank's loan benchmark interest rates announced by the People's Bank of China, The annual interest rate for provident fund loans for more than five years is 3.25% (the interest rate for provident fund loans for second homes is 1.1 times the benchmark interest rate).

If the customer is applying for a personal commercial housing loan, the interest rate is based on the LPR (i.e., the loan market quoted interest rate) of the corresponding period as the pricing basis plus points. Among them, the LPR quotation is: 4.65% for a term of more than 5 years; as for the basis points, the regulations may be different in different regions and different banks.