What does CCB lpr conversion mean?

The so-called lpr interest rate refers to the loan market quotation. Compared with the previous fixed mortgage interest rate, lpr interest rate is a floating interest rate, which will change according to the market quotation, so the interest rate may rise or fall. Now many banks have issued the notice of lpr interest rate conversion, but for many users, they don't know what it means. So what does CCB lpr conversion mean? Let's get to know each other.

What does CCB lpr conversion mean?

The so-called lpr conversion of CCB is to convert CCB's fixed loans into lpr loan interest rates in batches. Of course, the lpr interest rate is only for commercial loans. If it belongs to housing provident fund loans, there is no need for interest rate conversion. There are two ways to convert the lpr interest rate of CCB. One way is to go to CCB's business outlets to go through the conversion procedures. The other is to handle lpr interest rate conversion through mobile banking.

To handle lpr conversion through mobile banking, first log in to the mobile banking of China Construction Bank and enter the loan page; Then choose the mortgage that the individual has already handled, you can see the interest rate benchmark conversion, and then choose one from lpr interest rate or fixed interest rate to initiate the application. If * * * has the same borrower, the bank will send a short message to * * * and the lender through the mobile phone, and then * * * and the lender can log in to the mobile banking for confirmation.

The above is the introduction of the lpr conversion of CCB, hoping to be helpful.