1. There are two options for repricing date. The details are as follows.

2. One is to choose based on the loan applicant’s disbursement date. In the future, the loan date will be updated to the repricing date each year. Before LPR is executed, the original mortgage interest rate of the mortgage applicant will be applied. If you select the loan disbursement date, after this month is converted, the new loan interest rate will be implemented on the loan disbursement day of the next month.

3. Another common situation that is also used by most banks is January 1st. From now on, prices will be reset on January 1st of each year. If you choose January 1 of each year, that is, before the deadline of August 31, 2020, no matter which month the pricing basis is switched to, the loan interest rate for that year will remain unchanged after the conversion is successful, and will not be re-priced until January 1, 2021. The new interest rate will be implemented.

4. The pricing base date is the time when the new loan interest rate is implemented. Generally, banks will give mortgage applicants two choices, one is January 1 of each year, and the other is the loan issuance date. The main difference between the two is the time when the new loan interest rate is implemented. The purpose of this interest rate cut is usually to stimulate and boost the economy.