Conversion principle:
1. The interest rate pricing method agreed in the original contract can be converted into a floating interest rate or a fixed interest rate formed by adding LPR through negotiation between the borrower and the lender;
2. Pricing benchmark can only be converted once, and cannot be converted again after conversion;
3. Equivalent conversion, in which the interest rate level remains unchanged;
4. If the borrower has multiple mortgages, it needs to be converted one by one;
5. There are two or more borrowers in the original loan contract, and the conversion can only be completed after all borrowers reach an agreement and go through the formalities.
How to deal with LPR interest rate conversion?
Take ICBC as an example. At present, the Bank provides mobile banking, intelligent teller machines, SMS banking and other acceptance channels. "During the epidemic, it is recommended that borrowers handle it through mobile banking. If you really need to go offline, it is recommended to wait until the epidemic is over. " The relevant person in charge of the bank said. From the online channel, the borrower can log in to the mobile banking APP of ICBC, click the path of "Favorite, All, Deposit and Loan, Interest Rate Benchmark Conversion, One-click Conversion" and follow the prompts.
"If you are the same borrower in the loan contract and have reserved your mobile phone number in ICBC, you will receive a confirmation message from ICBC 95588 after the main borrower initiates the pricing benchmark conversion. At this time, you can directly reply to the message and complete the confirmation of the change of the pricing benchmark. " The person in charge said that this bank SMS function is expected to go online in mid-April. As for the effective time of the conversion, it is usually "real-time effective". For example, when converting the pricing benchmark in mobile banking, if "LPR Pricing" is displayed in the upper right corner of a contract in the contract list, the conversion is successful. However, if there are * * * borrowers in your loan, all * * * borrowers need to complete the change confirmation before 24 o'clock on the day when the main borrower initiates the change, and the pricing benchmark change will take effect. Accordingly, the bank will send SMS reminders to the mobile phone number reserved by the borrower in the bank after the pricing benchmark changes successfully or fails, and advise the borrower to pay attention to relevant information in time.
The above is what Bian Xiao shared for you about the significance of converting mortgage loan into LPR interest rate. More information can focus on the construction industry and share more dry goods.