Floating rate commercial housing loans in portfolio loans need to be converted, and provident fund loans do not need to be converted.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.
Commercial mortgage interest rates is 5.635%, and it has been loaned 15 years. Do you need to convert lpr?
Suggest conversion, because you borrowed 15 years, and the interest rate is relatively high.
Housing commercial loans are self-operated loans issued by banks with their credit funds. Specifically, it refers to the commercial housing loan (mortgage loan is a kind of commercial loan) that a natural person with full capacity for civil conduct applies to the bank as a loan repayment guarantee when purchasing owner-occupied housing in this city with property housing (or other guarantee methods recognized by the bank) as collateral.
Personal housing commercial loan is a kind of loan that China citizens apply to the bank for the purchase of commercial housing. According to the relevant regulations of the bank, anyone who meets one of the following two conditions can apply for loan varieties: first, residents who participate in housing savings; Second, the house seller has an agreement with the loan bank, and the real estate guarantee enterprise provides guarantee to the bank for the residents' house purchase loan.
Should the interest rate of portfolio loan be recalculated?
The interest rate will be recalculated.
Portfolio loans include provident fund loans and commercial loans, each of which carries out different interest rates:
Among them, the provident fund loan is implemented according to the benchmark interest rate stipulated by the central bank. Among the benchmark interest rates announced by the central bank, the annual interest rate of the provident fund loan for more than five years is 3.25% (the interest rate of the second home loan is 1. 1 times of the benchmark interest rate).
Commercial loans are based on LPR (loan market quotation) in the same period. As for the quotation of LPR, it is 4.65% for more than 5 years. The number of basis points to be added mainly depends on the provisions of the undertaking bank.
According to local policies and market conditions, the basic points stipulated by local governments and banks may be different.
However, the central bank has clearly pointed out that the minimum interest rate of the first set of commercial loans should not be lower than LPR；; Concurrent; The lowest interest rate of the second set of commercial loans shall not be lower than LPR plus 60 basis points in the same period. All localities and banks can make some adjustments on this basis. For example, Beijing stipulates that the interest rate of the first set of housing commercial loans is not lower than LPR+55 basis points; The minimum interest rate of the second set of commercial housing loans shall not be lower than LPR+ 105 basis points.
Which Chinese bank loans can operate lpr conversion?
Lpr conversion loan type of China Bank:
The benchmark interest rate applicable to your BOC loan is PBOC floating interest rate, and the loan currency is RMB. The loan product is not entrusted product. The specific products are as follows:
1. Housing category: personal first-hand housing loans, personal second-hand housing loans and self-built housing loans of BOC.
2. Pratt & Whitney: China Bank's personal commercial housing loans, national student loans, personal business student loans, personal business loans, business guarantee loans, poverty alleviation micro-loans and personal car loans.
3. Consumption category: BOC car loan, personal revolving loan without collateral, personal revolving loan with collateral, pledged loan and automobile joint loan.
Tips:
1. Fixed-rate loans with the same interest rate during the contract period need not be converted. For example, BOC Personal Pledge Loan, BOC E Loan, Sui Xinzhi Neng Loan and other products have the same interest rate during the contract period and do not need to be re-priced, so there is no need to change the pricing benchmark.
2. Provident fund personal housing loans (including the provident fund part of portfolio loans) do not need to be converted.
3. For the floating-rate loans with stocks that have been in the last repricing cycle, whether or not to convert them into shares has no effect on the principal and interest of the loans, and you can choose not to convert them.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.