How to convert the 2020 ICBC existing mortgage loan pricing benchmark: pay attention to these matters

The conversion of the existing mortgage interest rate pricing benchmarks of major banks has been launched. Lenders can convert the mortgage interest rate to LPR interest rate or fixed interest rate. Here is a brief introduction to matters related to the conversion of ICBC’s existing mortgage interest rate pricing benchmark.

1. Conversion scope: For floating rate personal loans priced with reference to the loan benchmark interest rate that have been issued on January 1, 2020 and those that have signed a contract but have not been issued, the following loans may not be converted: 1. The remaining loan period is insufficient A loan in one repricing cycle, that is, a loan with a loan maturity date stipulated in the original contract that is earlier than the next repricing date. 2. A revolving loan whose revolving term has expired and the remaining loan term is less than one repricing cycle. 3. Fixed interest rate loans 4. Individual housing provident funds that are not converted after negotiation with the provident fund center are converted into commercial discounted loans.

3. Conversion method 1. Mobile banking. Log in to Bank of China Mobile Banking APP for one-click conversion. The processing path is: Industrial and Commercial Bank of China APP-Login/Register-Favorites-All-Deposits and Loans-Interest Rate Benchmark Conversion-One-click Conversion. Note: Non-mobile banking customers need to register online on the ICBC mobile banking APP before they can apply. 2. Smart teller machine (expected to be online in mid-March, subject to the actual online time). Bring your ID card to an ICBC branch to apply through a smart teller machine. The processing path is: smart teller machine - loan - interest rate benchmark conversion - identity authentication and recognition - one-click conversion. If you have any questions during the processing, you can consult the branch customer service manager. 3. SMS Banking: After the main lender initiates the pricing benchmark conversion, the mobile phone reserved by the same lender at the bank will receive a pricing benchmark conversion confirmation text message sent by ICBC 95588. You can directly reply to the text message to complete the pricing benchmark change confirmation. . 4. Loan service bank. The borrower can choose any nearby loan service bank to make an appointment and handle the process without going to the original loan handling bank. When applying for the loan, the main borrower and all accounts and borrowers need to bring their ID cards. If the loan application requires other documents such as user IDs, they need to bring them together.