1. The People's Bank of China has expressly stipulated that the minimum interest rate for the first set of housing commercial loans is the corresponding term LPR, and the minimum interest rate for the second set of housing commercial loans is the corresponding term LPR plus 60 basis points.
2. All localities have made some floating adjustments in the regulations of the central bank. For example, in Beijing, the lowest interest rate of the first housing commercial loan is LPR+55 basis points; The lowest interest rate for commercial loans for second homes is LPR+ 105 basis points. Shenzhen area: the interest rate of the first set of housing commercial loans is not lower than LPR+45 basis points; The lowest interest rate of the second set of housing commercial loans is LPR+95 basis points.
3. One basis point is equal to 0.0 1%. Once the basis point is determined, it will remain fixed, and LPR will re-quote every month. After the loan contract is signed, if floating interest rate is agreed to be implemented, then every repricing day will come, and the new interest rate will be calculated according to the latest LPR quotation, and then implemented in the next cycle.
What should I do if the mortgage LPR interest rate is lowered?
Since the country has introduced the loan market quotation interest rate, that is, LPR interest rate, it will inevitably give loan customers the right and time to choose. If they choose to switch to LPR interest rate, the mortgage interest rate will be lowered and the loan interest rate will also be lowered. If they continue to choose a fixed interest rate, the mortgage interest rate will be lowered or the original contract fixed interest rate will remain unchanged.
According to the relevant announcement issued by the People's Bank of China, from March 1 day to August 3 1 day, for the old customers who have borrowed money, the mortgage interest rate can be converted and they can choose independently.
Therefore, during this period, many old customers who borrowed money will receive SMS and phone calls from banks one after another, and more than once, there will usually be multiple reminders. If it is ignored, some banks will default not to operate the conversion and maintain the original fixed interest rate, while some banks will automatically convert to LPR floating interest rate by default a few days before the conversion deadline, so it is necessary to consult the lending bank.
The conversion operation is also very simple. You can directly click on the bank SMS link to enter, or you can directly log in to the loan bank, mobile banking or personal online banking to find my loan, and click to convert the lpr interest rate. If you don't operate well, you can also bring your ID card and loan bank card and go directly to the loan bank outlet to ask the bank staff for help.