People's Daily Online, Beijing, August 12 (Reporter Sun Hongli): China Industrial and Commercial Bank, China Construction Bank, China Agricultural Bank, China Bank and China Postal Savings Bank announced that they will convert individual housing loans with floating interest rates that meet the conversion conditions into LPR pricing in batches from August 25th, 2020.
The announcement also stated that after the batch conversion is completed, if there is any objection to the conversion result, it can be transferred back through mobile banking or negotiated with the loan handling bank before February 65438+February 3 1 2020.
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On July 20, 2020, Bank of Communications issued an announcement that the existing floating rate mortgage loans that have not been converted into loan market quoted interest rate (LPR) or fixed interest rate will be uniformly adjusted to the LPR floating rate addition and subtraction method on August 2, 2020.
CCB's announcement on batch conversion of individual housing loan pricing benchmark with floating interest rate shows that if customers need to handle it independently, they can do it through mobile banking, online banking, any outlets in China or loan handling institutions before August 3, 2020. The loan pricing benchmark can only be converted once, and cannot be converted again after conversion.
People's Daily-Starting from August 25th, the five major banks will uniformly convert personal mortgage loans into LPR pricing.