The central bank requires that, from the date of announcement, banks should formulate a work plan for converting the pricing benchmark of existing commercial personal housing loans as soon as possible, including system support and personnel training. At the same time, inform customers through various channels that the original contract terms should be changed in a simple and easy way as far as possible under the premise of mutual consent.

The monthly supply will remain unchanged in 2020, and the impact will start from 202 1.

According to the requirements, in order to implement the regulation requirements of the real estate market, the interest rate level of commercial individual housing loans should remain unchanged at the conversion point.

Yan Yuejin said that when it is adjusted for the first time in 2020, the actually calculated interest rate will not change, and buyers do not have to worry about changes in monthly payments.

Yuan said that the conversion time was from March 1 day to August 3 1 day, 2020, but the actual implementation time began from 202 1 day, that is to say, the mortgage actually implemented by users in 2020 was still implemented according to the mortgage of 20 19, and repayment was made according to the current repayment agreement. Even if LPR falls in 2020, users can only enjoy the dividend of falling interest rate from 202 1.