The People's Bank of China authorized the State Bank to quote the loan market interest rate (LPR) of 0 year165438+1October 20th:1year LPR3.85%, and LPR 4.65% for 5 years and above. The next bid price (LPR) of the above LPR is quoted by each quoting bank by adding the open market operating interest rate (mainly referring to the medium-term lending convenience rate) and calculated by the National Interbank Funding Center, which provides pricing reference for bank loans. Currently, LPR includes seeds.
I. What is LPR?
Loan market quotation rate (LPR) refers to the interest rate calculated and published by the National Interbank Funding Center authorized by the People's Bank of China after the quotation of 18 quotation bank is completed, including two maturity varieties. From August 20th, 20 19, LPR will be published by the Center and the website of China People's Bank on the 20th of each month (postponed in case of holidays).
Why change it to LPR?
According to the interest rate marketization reform of the People's Bank of China, in order to improve the interest rate transmission efficiency and reduce the financing cost of the real economy, the People's Bank of China decided to reform and improve the loan.
Second, who is the conversion object of LPR?
Before September, 2065438+2009, the benchmark interest rate of the People's Bank of China fluctuated, and most banks had the following types: fixed interest rate loans.
Mortgage pure provident fund loan
The LPR of provident fund in mortgage portfolio loan is the interest rate of commercial banks, and other loan interest rates can be generated by adding and subtracting points on this basis. More specifically, LPR is obtained by adding the open market operating interest rate (mainly refers to the medium-term lending convenience interest rate MLF) to the quotations of representative commercial banks, and the highest and lowest quotations are eliminated by the trading center and then arithmetically averaged. The public can inquire at the trading center and the central bank official website. The update date is 20th of each month, and it will be postponed in case of holidays.
This financial term came into public view, which originated from the announcement No.30 issued by the central bank at the end of 20 19. Announcement on converting the stock floating interest rate loan pricing benchmark into L-Ming, with special emphasis on commercial details; It is also required that since June 5438+ 10/day, 2020, all financial institutions shall not sign floating interest rate loan contracts with reference to the benchmark loan interest rate.
Third, compared with the tiny ripple caused by Circular 30 in the business loan of enterprises, the shock caused by LPR in the personal commercial housing loan is like a boulder falling into the sea, and a stone stirs up a thousand waves. Because most corporate financing is short-term and medium-term loans, the added value can be negotiated by both borrowers and lenders. And the commercial mortgage repayment week, the ability to resist risks is slightly poor.
For a time, the whole online loan purchase, LPR floating interest rate plus or minus points, it is more appropriate to continue the original fixed interest rate. After all, the pricing benchmark can only be converted once, and it cannot be converted again after conversion. If LPR declines, the total amount of mortgage loans for decades will be less, which can really alleviate the economic pressure; If LPR continues to climb, the monthly repayment will surge, which is also a big expense.
Fortunately, since the central bank announced the reform and improvement of the LPR formation mechanism in August, 2009, the LPR has been declining continuously, and reached a new low in February, 2020. It's the first time node of document 30 (March 1).
Fourthly, buyers find that it is a wise choice to adjust to the floating interest rate according to the current trend of continuous decline of LPR. For buyers who are more flexible in autumn and winter, the repricing date is set as the loan issuance date; A group of buyers from August 2065438 to August 2009 even enjoyed lower interest rates in August 2020, and their monthly loan repayments were much less. The constant LPR is beneficial to the existing mortgage interest rate, but it cannot prevent the increase of the new mortgage interest rate. If the pricing benchmark of existing floating rate loans is converted to LPR in 2020, the pre-reserved homeowners are already complacent and sincerely hope that LPR will remain in place or become lower and lower. Then the situation of buyers who do not "get on the bus" is not optimistic. Because regardless of LPR, the mortgage interest rate implemented by this group will be affected.
2. Does portfolio loan include operating loan?
Portfolio loans do not include operating loans. Portfolio loans are not guaranteed, while operating loans are guaranteed.
Portfolio loan is a combination of commercial loan and provident fund loan. In portfolio loans, the loan term, loan date and repayment date of provident fund loans and commercial loans are the same, but different interest rates are implemented. Commercial loans are financing products that serve small and medium-sized business owners or individual industrial and commercial households. Borrowers can obtain bank loans through real estate mortgage and other guarantee methods, and the loan funds are used for the business needs of their enterprises or individual industrial and commercial households.
Third, what is the significance of portfolio loans?
Portfolio loan refers to the borrower who meets the conditions of individual commodity housing loan and pays housing provident fund at the same time, which meets the conditions of provident fund loan. In addition, when applying for personal housing commercial loans, you can also apply for personal housing provident fund loans, which are called portfolio loans. The provident fund loan of portfolio loan is implemented according to the interest rate of individual housing provident fund loan, and the commercial loan part of portfolio loan is implemented according to the commercial loan standard of individual housing of loan bank. Meaning: loan portfolio is a way for banks to distribute credit risks by issuing loans to more than two debtors under the constraint of limited total loans. Due to macro factors such as industry characteristics and business cycle, and micro factors such as the correlation of business activities among enterprises, the correlation of default in loan portfolio is characterized by cycle correlation and risk dispersion. The higher the default dependence, the greater the potential risk loss of the loan portfolio. Personal housing portfolio loan refers to the borrower who meets the conditions of a bank's personal housing commercial loan and pays the housing provident fund at the same time. While handling commercial loans for individual housing, you can also apply to the bank for personal housing provident fund loans. That is, the borrower takes the purchased urban self-occupied housing in this city as collateral, and the bank issues personal housing loans to the same borrower at the same time to purchase the same set of self-occupied ordinary commodity housing, which is a general term for policy and commercial loan portfolios. That is, provident fund loans and commercial loans are used at the same time. Generally, it is only used when personal loans exceed the maximum amount of provident fund loans stipulated by the local government. For example, buying a high-end house requires a loan of 500,000 yuan, while the local provident fund management center stipulates that the maximum amount of provident fund loans is 400,000 yuan. In this case, the remaining 654.38 million yuan is used for commercial loans, and the interest cannot enjoy the interest of provident fund loans. Portfolio loan is a loan issued by the housing fund management department to the same borrower by using policy housing funds and commercial banks by using credit funds. It is the general name of policy loan and commercial loan portfolio. When individuals can't pay the purchase price through provident fund loans, they can apply for portfolio loans from the handling bank entrusted with provident fund loans. Application method: To apply for a portfolio loan, the preliminary examination procedure is the same as that of a provident fund loan. After passing the preliminary examination, when the borrower goes to the bank to handle other procedures for provident fund loans, he should fill in the application form for commercial loans and go through relevant procedures as required by the bank. After the two loans are approved, the bank will transfer them to the account of the selling unit at the same time. In portfolio loans, the loan term, loan date and repayment date of provident fund loans and commercial loans are the same, but different interest rates are implemented.
4. What is a portfolio loan?
Portfolio loan is a housing loan issued by the housing fund management center to the same borrower by using policy housing funds and commercial credit funds by banks. It is the sum of policy and commercial loan portfolio, that is, the loan demand beyond the housing provident fund amount is solved by bank funds. The interest rate of bank funds is higher than the housing provident fund loan interest rate, and the comprehensive interest rate of portfolio loans is between the housing provident fund loan interest rate and the bank loan interest rate.