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What does lpr mean?
The official standard name of the "best lending rate" in our loan contract is "loan market quotation", that is, LPR: the interest rate calculated and published by the National Interbank Funding Center authorized by the People's Bank of China after 18 quotation banks have completed the quotation, including 1 year and more than 5 years. From August 20th, 20 19, LPR will be published on the website of National Interbank Funding Center and China People's Bank at 9: 30 on the 20th of each month (postponed in case of holidays).

(Response time: June 22, 2022. The above contents are for your reference. If there are business changes, please refer to the latest business rules. )

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