Yes, if the base rate falls, so will the repayments.

The loan interest calculation is based on floating interest rates, and the interest will be adjusted as the interest rate adjusts. Of course, no matter how it is calculated, it will have no impact on the interest paid. There will be an impact on adjusted interest.

Extended information:

Generally, after the bank interest rate is adjusted, the interest rate of the unpaid portion of the loan will also be adjusted accordingly. There are three forms: First, after the bank interest rate is adjusted, the interest rate of the loan will also be adjusted accordingly. The interest rate will be newly adjusted at the beginning of the next year (this is the case for Industrial and Commercial Bank of China, Agricultural Bank of China, and China Construction Bank mortgage loans).

Full-year adjustment, that is, a new interest rate will be adjusted and implemented every one year of repayment (this is the case for Bank of China mortgage loans).

The two parties agreed that the new interest rate level will generally be implemented the next month after the bank interest rate is adjusted. Provident fund loan interest rates are adjusted on January 1 of each year.

Reference: Bank interest rate_Baidu Encyclopedia