The loan basis point refers to the minimum change unit of the loan interest rate, and is the unit of measurement for the change of the interest rate of bonds and bills. One basis point is 0.0 1%, which is widely used to calculate interest rates, exchange rates and regression prices. The basis point is that the bank and the borrower agree to increase the value through consultation. Once the added value is determined, it will remain unchanged throughout the contract period. If the interest rate is raised by 50 basis points, the interest rate will rise by 0.5%.

The benchmark interest rate of the central bank is 4.9% for loans with a term of more than 5 years, and 5.4% for 50 basis points; The LPR will be published on the 20th of each month, and the converted LPR interest rate will be increased by one basis point. From March 1 2020, all commercial banks must terminate the original housing loan contract with the lender of the existing mortgage, so that the lender can re-select the loan base point; Either choose one or choose a fixed interest rate; Either choose LPR interest rate+basis point+mode.

Is the mortgage base point added by the bank at will?

The mortgage base point is not added casually by the bank. The base point of mortgage is determined by the bank according to several factors such as everyone's credit qualification, local housing purchase policy and local market situation. Banks handle business according to regulations, not to say that users can specify the base point of mortgage at will without any rules and regulations. And loans to buy a house, developers also have cooperative banks. Under normal circumstances, users go to designated banks to handle mortgage business.