This should be adjusted according to the interest rate adjustment method agreed in the mortgage loan contract signed with the bank. It can be one of two ways:

1, 65438+1 month1in the following year, and recalculate the monthly payment amount according to the new interest rate;

In the same month of the following year, the monthly payment will be recalculated according to the new interest rate. If the monthly payment changes due to prepayment, extension or shortening of the repayment period, the bank will recalculate your monthly payment according to the remaining loan principal amount and the remaining repayment period.

When will the bank loan interest rate change?

There are three forms of loan interest rate adjustment:

First, after the bank's interest rate is adjusted, the newly adjusted interest rate will be implemented at the beginning of the following year (ICBC, ABC and CCB are all like this);

The second is the annual adjustment, that is, the new interest rate is adjusted and implemented every year of repayment (China bank mortgage is like this);

Third, the two sides agreed that the new interest rate level will generally be implemented in the month after the bank's interest rate adjustment.

The loan interest rate is the interest rate charged by banks and other financial institutions to borrowers when granting loans.

It is mainly divided into three categories: the loan interest rate of the central bank to commercial banks; The loan interest rate of commercial banks to customers; Interbank lending rate

When is the loan interest rate adjusted?

It depends on the date of interest rate adjustment in the loan contract. Generally speaking, it is agreed to adjust the interest rate once a year, and once a year, it is 65438+1October 2 1. Even if we cut interest rates now, we will wait until next year, 1, 2 1.

Adjust the interest rate through application. The adjustment methods of mortgage interest rate application include:

1. is the newly adjusted interest rate of the loan interest rate at the beginning of the following year after the adjustment of the bank interest rate.

2. Annual adjustment, that is, every repayment year, the new interest rate will be adjusted and implemented.

3. Both parties agree that the new interest rate level will generally be implemented in the month after the bank's interest rate adjustment.

Legal analysis: Wait until the interest rate repricing date to implement the new interest rate according to the new LPR.

Legal basis: "Ten Provisions of the People's Bank of China on Prohibiting Raising the Interest Rate of Deposits and Loans without authorization or in disguise" Article 1 The interest rate approved and authorized by the People's Bank of China in the State Council is the legal interest rate and has legal effect, and no other unit or individual has the right to set or change it. The announcement and implementation of the statutory interest rate shall be the responsibility of the head office of the People's Bank of China.