Loan market quoted interest rate (LPR) Floating interest rate loans should stipulate in the contract that the specific interest rate level of a certain period should be calculated according to the corresponding period LPR plus or minus a certain spread, and the interest rate will fluctuate with reference to LPR.

For example, 1: a 7-year floating-rate loan, which is agreed to be re-priced quarterly. The agreed spread is plus 5 basis points (0.05 percentage points), and the reference benchmark is the LPR of more than 5 years on the contract signing date or the day before the repricing date. The contract was signed on August 20th, 2009 at 2065438+2 1. Since the LPR was 4.85% on August 20th, the interest rate in the first quarter was 4.9% (4.85%+0.05% = 4.9%). If the LPR is 4.75% within five years from 20 165438+20091October 20th, the interest rate is 4.8% (4.75%+0.05% = 4.8. And so on.

Example 2:30-year personal housing loan with floating interest rate. According to the contract, the price will be re-priced at 65438+ 10/every June. The agreed spread is plus 20 basis points (i.e. 0.2 percentage points), and the reference benchmark is LPR for more than five years from June 65438 to February 20 every year. The signing date of this contract is 20 1 on August 20th, 2009. Since the five-year LPR is 4.85% on August 20th, the interest rate from August 20th, 2065438 to February 3rd, 2065438 is 5.05% (4.85%+0). If the LPR over five years of 20 19 and 12.20 is 4.9%, the interest rate from 10 to 12.3 1 in 2020 will be 5.1%(4.9%+. And so on.

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