Generally, an accurate interest rate will be set according to the floating interest rate for a period of time. Then after a period of time, the interest rate changes, and a new interest rate price in line with the market will be formulated. This is priced according to the market loan interest rate. Of course, it is also possible to change the artificial interest rate into the market interest rate and re-determine the current interest rate.
It is to reset the price of interest rate and set the loan interest rate according to the set rules.
Interest rate repricing means that the loan bank determines to form a new loan interest rate level according to the calculation method agreed in the contract and the change of pricing benchmark. The announcement makes it clear that the repricing period of individual housing loan interest rate can be agreed by both parties through consultation, with the shortest period being 1 year and the longest period being the contract period. Borrowers and lending banks can choose according to their own interest rate risk tolerance and management ability. Every time the interest rate is repriced, the pricing benchmark is adjusted to the LPR of the corresponding period in the latest month.
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