Don't go. Of course, you don't have to go through the formalities if you don't change it. At the end of last year, the People's Bank of China announced that it would change the pricing benchmark of floating rate loans from March 1 day to August 3 1 day in 2020. Customers can negotiate with financial institutions to decide whether the "anchor change" is LPR or fixed interest rate.

A person from the People's Bank of China said that the two conversion methods have their own advantages, and how to choose depends on the borrower's own judgment, especially on the future interest rate trend. If the borrower thinks that LPR will decline in the future, it will be better to refer to LPR pricing instead; If you think LPR may rise in the future, it will be beneficial to switch to a fixed interest rate.

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Some borrowers worry that if they choose to switch to LPR, the bank will deliberately raise the offer of LPR. In this regard, the People's Bank of China stated that the LPR quotation mechanism ensured the true quotation of the quotation bank as much as possible, making the published LPR fair.

A related person from the People's Bank of China said that 18 LPR quotation banks are all of the same type, with strong influence, credibility and pricing power, and need to quote the best quality customers according to the bank's loan interest rate.

In other words, the quotation of the quotation bank is supported by real transactions. At the same time, the People's Bank of China and the self-discipline mechanism of interest rate pricing strictly supervise the quotation behavior of all quotation banks, regularly assess the quality of their quotations, and conduct survival of the fittest according to the assessment.

People's Network -LPR or fixed interest rate, which is more cost-effective?