Pricing benchmark interest rate conversion means that financial institutions convert the interest rate pricing method agreed in the original contract into LPR as the pricing benchmark and add points (the points can be negative). The added points can be fixed for the remaining period of the contract, or converted into a fixed interest rate, and can be converted into LPR pricing method or selected as a fixed interest rate.

Pricing benchmark conversion is the interest rate that can adjust the remaining loan amount according to the fluctuation of market interest rate. If you choose a fixed interest rate loan, the latest execution interest rate of the original contract will remain unchanged, but once you choose, no matter what happens in the future, it will remain at this level.

LPR interest rate is the preferential interest rate of loans, also known as the loan market quotation. This loan interest rate is the loan interest rate that commercial banks give to their best customers. When handling loans, the addition and subtraction points are generally generated on the basis of LPR interest rate.