Dear friends who buy house loans, you have received a short message from the bank reminding you of the conversion of the existing personal loan pricing benchmark. You switched the bag.

Mortgage conversion is not mandatory, and borrowers can choose the original fixed interest rate or convert it into LPR interest rate according to their own needs. The scope of this batch conversion includes floating rate personal housing loans (including personal commercial housing loans, excluding provident fund personal housing loans and provident fund discount loans) that have been issued before 2020 1 October1.

The interest rate pricing method agreed in the original contract is converted into the pricing benchmark based on the corresponding term LPR. From the conversion point to the first repricing date (excluding), the execution interest rate level is equal to the latest execution interest rate level of the original contract.

Extended data:

Whether it is fixed interest rate or LPR, there is interest rate risk. If the loan term is short and the previous mortgage interest rate is high, you can choose to convert it into LPR interest rate, so that the monthly mortgage interest rate will be reduced, and even if the LPR rises in the future, you can repay in advance.

For people with long term and low loan interest rate, they can choose a fixed mortgage interest rate, which can lock in the monthly payment cost and better arrange personal household income and expenditure.

People's Daily Online-the deadline for the conversion of mortgage interest rates will convert the forecasts of the six major state-owned banks in batches.