It's different. The mortgage interest rate will be adjusted according to the interest rate announced by the central bank. There are three ways to adjust the mortgage interest rate, which will be automatically adjusted according to the central bank interest rate. If the central bank cuts interest rates, the mortgage will also be adjusted according to the interest rate adjustment time agreed in the contract.

1. Automatically implement the new interest rate.

As long as the interest rate changes, the monthly repayment amount will be automatically calculated according to the new loan interest rate from the time of interest adjustment.

2. Adjust the interest rate every month

Adjustment this month, implementation next month. If the bank adjusts the loan interest rate on 20 1 14122 October, the repayment in February will be calculated at the new interest rate.

3. Annual adjustment

That is, this year's adjustment, and the new loan interest rate will be implemented in June of the following year at 65438+ 10/; If the bank adjusts the loan interest rate on 20 1 14 years122 October, the repayment on 20 15+ 1 year/22 October will be calculated at the new interest rate.