The loan contract signed in February 2019 65438 can be changed to a fixed interest rate. From March 1 2020, financial institutions should negotiate with customers of existing floating interest rate loans on the conversion terms of the pricing benchmark, and convert the interest rate pricing method agreed in the original contract to LPR as the pricing benchmark (the plus point can be negative), and the value added will be fixed during the remaining period of the contract; It can also be converted into a fixed interest rate.

Pricing benchmark can only be converted once, and cannot be converted again after conversion. The floating interest rate loan of inventory in the last repricing cycle shall not be converted. In principle, the conversion of the pricing benchmark of floating rate loans should be completed before August 3, 20201.

Extended data:

The pricing benchmark of floating rate loans is converted into LPR. Except for commercial personal housing loans, the value-added amount shall be determined by both borrowers and borrowers through consultation. The value-added amount of commercial personal housing loans should be equal to the difference between the latest interest rate level of the original contract and the corresponding term issued by LPR in February 2065438+0.9.

From the conversion point to the first re-pricing date after that point (excluding), the execution interest rate level shall be equal to the latest execution interest rate level of the original contract, that is, the sum of the corresponding term LPR of 20 19 years and the value added.

Announcement No.30 of China People's Bank of China [20 19].