When the mortgage interest rate is a installment-specific interest rate, in case of interest rate adjustment by the People's Bank of China, the loan interest rate issued before the interest rate adjustment date will not be adjusted this year, and the new interest rate will be implemented on June 65438+1 October1the following year; New loans issued after the interest rate adjustment shall be implemented at the adjusted new interest rate.
If the interest rate is a segmented interest rate, when the interest rate is adjusted, the loan will implement the new interest rate and adjust it on the same day.
If the mortgage adopts floating interest rate, the floating period can be month, quarter, half year or year. When the interest rate of the People's Bank of China is adjusted, the loan interest rate will be adjusted in the next floating cycle.
Generally speaking, the adjustment of mortgage interest rate does not affect the calculation of interest, which mainly depends on the mortgage repayment method and the interest rate execution method adopted. If there are relevant regulations, then the interest will be recalculated. If the borrower encounters a rate hike, he can repay the mortgage in advance before the implementation of the new policy.
Three ways to adjust the mortgage interest rate:
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.
Monthly interest rate adjustment
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.
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.