Loan interest is the interest rate that banks and financial institutions need to charge borrowers when issuing loans. Pricing benchmark is the benchmark of floating interest rate, which will be adjusted and implemented regularly. The current pricing benchmark is LPR. When LPR is lowered, if floating interest rate is selected for the loan based on LPR, the loan interest rate will change accordingly.
If the user chooses a fixed interest rate, reference will be made to the fixed LPR. When LPR changes, the loan interest rate remains unchanged during the loan term.
What does LPR mean?
LPR is the basic loan reference interest rate calculated and published by the representative quotation bank on the basis of the bank's loan interest rate for the best quality customers and the open market operating interest rate, and authorized by the National Interbank Funding Center of China People's Bank. In the future, LPR will become the main reference benchmark for loan interest rate pricing.
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.
You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.
What is LPR?
LPR is the basic loan reference interest rate calculated and published by the representative quotation bank on the basis of the bank's loan interest rate for the best quality customers and the open market operating interest rate, and authorized by the National Interbank Funding Center of China People's Bank. In the future, LPR will become the main reference benchmark for loan interest rate pricing. Representative quotation banks are: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, China CITIC Bank, China Merchants Bank, Industrial Bank, Shanghai Pudong Development Bank, China Minsheng Bank, Xi 'an Bank, Taizhou Bank, Shanghai Rural Commercial Bank, Guangdong Shunde Rural Commercial Bank, Standard Chartered Bank (China), Citibank (China), Weizhong Bank and online merchant bank.
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.
You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.