House goods supply for 2 years, goods 15 years, monthly supply 1500 yuan. Now the bank has sent information about interest rate conversion. What does this mean? Does it matter if you don't turn?

If your mortgage is at a fixed interest rate, you don't need to switch. If your loan is a floating rate loan with reference to the benchmark interest rate, according to Announcement No.30 of the People's Bank of China [20 19], you have two choices: one is to convert the mortgage with benchmark interest rate into a floating rate loan with LPR as the benchmark; The second is to convert it into a fixed interest rate loan. It should be noted that you only have one chance to choose the conversion method. If the conversion has been determined and completed, it can't be changed.

If you choose a fixed interest rate, it is based on the interest rate at the time of conversion, and the interest rate will not change until your loan expires. You can make this choice according to your own wishes and judgment. If we think that the interest rate will be cut with high probability in the future, the overall LPR will show a downward trend, and it is more favorable to use LPR as the pricing benchmark. If you think the probability of LPR is rising in the future, it is more beneficial to convert it into a fixed-rate loan.

If you need funds, you can also handle them through our official channels. Ping An Bank provides unsecured credit loans, as well as mortgages and mortgage loans for houses and cars. Different loan application conditions and requirements are different. Whether the examination and approval can be successful is evaluated according to your comprehensive qualifications. For details, please log in to Ping An Pocket Bank APP- Finance-Loan and try to apply.

Response time: September 27th, 2020. Please refer to the latest business changes announced by Ping An Bank in official website.

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