The full name of LPR in Chinese is Loan Prime Rate (LPR), also known as loan market quotation. This conversion is aimed at converting existing loans. At present, the interest rate of LPR is lower than that of 2065438+February 20, 2009. Therefore, for the borrower, it is expected that the loan interest rate of the lender will drop by the next repricing date. Of course, the future direction of LPR needs customers to judge by themselves in combination with the market. There are two options:

1, converted into floating interest rate in the form of LPR plus points: the future loan interest rate is LPR+ floating interest rate (which can be floating or falling), and you can enjoy the benefits brought by the downward movement of LPR; Adverse interest rate rises, which means that it may bear a greater interest burden than in the past;

2. Convert to fixed interest rate: maintain the existing base interest rate+floating interest rate (equal to the current implementation interest rate level of the original contract), and you will not convert it in the future regardless of your interest rate until the loan is paid off; Disadvantages There is no way to enjoy the benefits brought by LPR downlink.

Tips: Announcement [20 19] No.30 of the People's Bank of China on February 28th, 20th 1 9: From March1day to August 3rd1day, 2020, financial institutions should negotiate with customers of floating rate loans on the conversion terms of the pricing benchmark, and implement the original contract. It can also be converted into a fixed interest rate. Pricing benchmark can only be converted once, and cannot be converted again after conversion. In the last repricing cycle, the floating-rate loan of inventory shall not be converted.

Reply time: 2022-0 1-05. Please refer to the latest business changes announced by Ping An Bank in official website.