How to convert the loan interest rate of ICBC?

1 Mobile Banking: Download China Industrial and Commercial Bank APP—- Login/Registration-Favorites-All-Deposits and Loans-Interest Rate Benchmark Conversion-One-click Conversion.

2. Intelligent teller machine: Go to ICBC outlets with your ID card and go through the intelligent teller machine. Select loan-interest rate benchmark conversion-identity authentication-one-click conversion. If you have any questions in the process, you can consult the customer service manager of the outlet.

3 SMS Banking (it is expected to go online in mid-April, subject to the actual online time): If the * * * in the loan contract is the same as that of the borrower, and the trusted mobile phone number has been reserved in ICBC, the main borrower will receive the confirmation message of pricing benchmark conversion sent by ICBC 95588, and directly reply to the message to confirm the change of pricing benchmark.

4 loan service bank: If you are not used to using the self-service channel, you can also choose any loan service bank nearby and make an appointment without going to the original loan handling bank. When handling, the main borrower and all * * * must walk with the borrower with their ID cards. If the loan is handled with a household registration book and other documents, you need to carry it with you. You can click "Smart Finance-Personal Loan" on the official account of "China Industrial and Commercial Bank Customer Service" WeChat to check the contact information of all loan service banks of our bank.

Interest rate conversion is an agreement between the borrower and the lender (such as a bank), that is, the borrower is willing to use floating interest rates to raise funds first for consideration of the financial market or other reasons, but the borrower has the right to look at the financial market.

basic content

During the validity of the loan agreement, the original floating rate loan balance will be converted into the fixed rate loan balance on the interest payment date of any interest payment period (or 3 months, 6 months, etc.). ), but the lender must be informed a few days (or 3 days or 5 days) before the conversion is required, and after the floating interest rate loan is converted into a fixed interest rate loan, it cannot be converted back to the floating interest rate. Generally speaking, floating interest rates should be lower than fixed interest rates.