LPR (quoted interest rate in loan market) is the reference interest rate for loan pricing. On the basis of LPR, the interest rate actually paid by the borrower should be added or subtracted by comprehensively considering credit status, mortgage guarantee method, term, interest rate floating method and type.

there is no saying that the p>LPR interest rate will be adjusted this month and the new interest rate will be implemented next month. If it is adjusted in 22, it will be re-priced on January 1, 221, the first day of each year, and then the new interest rate will be implemented.

therefore, the LPR interest rate is suitable for loans with longer term.

if the customer's loan is a short-term credit loan, or the customer has already enjoyed the preferential interest rate of the lending bank, the prompt that there is no loan information will be displayed when the LPR is converted online.

I hope my reply can help you, and I wish you success in your work!