if your loan is a floating rate loan with reference to the benchmark loan interest rate, according to China people's bank announcement [219] No.3, you have two options: one is to convert the mortgage with benchmark loan interest rate into a floating rate loan with LPR as benchmark; The second is to convert it into a fixed interest rate loan. It should be noted that you only have one chance to choose the conversion method. If you have determined and completed the conversion, you can't change it again. If you choose to switch to pricing based on LPR, on the next repricing date, your execution interest rate will be calculated and determined according to the latest LPR, and so on. If you choose a fixed interest rate, it is based on the interest rate at the time of conversion, and the interest rate will not change until the maturity of your loan. As to whether it is better to convert into a floating interest rate loan based on LPR or a fixed interest rate loan, it should be based on your wishes and judgment. If you think that the interest rate will be cut in the future with a high probability and the LPR will generally show a downward trend, it is more favorable to convert into a LPR-based pricing loan. If you think that the probability of LPR is on the rise in the future, it is more favorable to convert it into a fixed interest rate loan.

Response time: September 28th, 22. Please refer to the latest business changes announced by Ping An Bank in official website.

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