1 year LPR and 3-year LPR are two different interest rates, which are applicable to loans with different maturities. 1 year LPR is suitable for loans with a loan term of less than 5 years, and 3-year LPR is suitable for loans with a loan term of more than 5 years. This means that the interest rates of 1 year LPR and 3-year LPR are different at the same time.