1, the bank's interest rate reduction means that the bank lowers the benchmark loan interest rate, and the interest will be reduced accordingly. For users who have applied for loans, it is influential. If the loan interest rate in the user's loan contract refers to the benchmark interest rate and is a floating interest rate, the interest paid by the user will also decrease after the bank cuts interest rates.

2. The user selects a fixed interest rate. No matter how the bank interest rate changes, it will repay the interest at the interest rate agreed in the contract.

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