When the benchmark interest rate of banks drops, so does the repayment. When the benchmark interest rate rises, so does the repayment. The calculation of loan interest adopts floating interest rate, and the interest will be adjusted with the adjustment of interest rate. Of course, no matter how it is calculated, it has no effect on the interest already paid, but it has an effect on the adjusted interest.

If the central bank cuts interest rates, the mortgage interest rate of people who have already borrowed money to buy a house will start to implement the new interest rate in the following year 1 month. Mortgage interest rate refers to the loan that the bank handles with real estate, and the loan will pay interest at the interest rate stipulated by the bank. China's mortgage interest rate is uniformly stipulated by the People's Bank of China, and all commercial banks can fluctuate within a certain range when implementing it. The mortgage interest rate is not always the same, but often changes, in the form of rising interest rates, so it is often compared before raising interest rates.

After the general bank interest rate adjustment, the interest rate of the outstanding part of the loan will be adjusted accordingly, in three forms:

1. After the adjustment of bank interest rate,

The newly adjusted interest rate will be implemented at the beginning of the following year (such as Industrial and Commercial Bank, Agricultural Bank and China Construction Bank);

Second, it is the annual adjustment.

That is, after repayment, adjust and implement the new interest rate every year (such as Bank of China);

Third, the two sides agreed.

Generally, the new interest rate level will be implemented in the month after the bank's interest rate adjustment.

No matter how the benchmark interest rate is adjusted, the range of floating up or down remains unchanged, only floating up or down on the basis of the new interest rate.

But if you choose a fixed interest rate, your loan interest rate will not be adjusted, and you will always follow the interest rate when applying for a loan, but it will not do you any good. You won't lose anything if the bank interest rate goes up, and you won't gain anything if it goes down. If floating interest rate is selected, after the bank adjusts the interest rate, your loan interest rate will be adjusted from 65438+ 1 in the following year.

So the fluctuation of bank interest rate still has a certain impact on your personal loan, but it can't stop you from getting the loan. After all, a loan is not a trivial matter. Everything still depends on your personal thoughts.