How to transfer the mortgage to lpr interest rate? The conversion method and specific operation are all here.

Lpr interest rate refers to the benchmark interest rate in the loan market, which is different from that of the People's Bank of China. Lpr is market-oriented. The weighted average of quotations from 18 representative banks to the People's Bank of China is obtained, and it will be officially implemented in 2020. Therefore, friends who apply for bank mortgage before this will receive interest rate conversion reminders. So, how to convert mortgage into lpr interest rate? Let's take a look.

First, how to transfer the mortgage to the lpr interest rate?

The interest rate for transferring to lpr refers to the floating interest rate for transferring to lpr, which is equal to the lpr interest rate in the same period+the number of points increased. The number of points increased is determined by the original contract interest rate and the current lpr interest rate in the same period, that is, the number of points increased = the original contract interest rate -lpr interest rate, which can be negative. Once the number of points increased is determined, it will be fixed during the remaining period of the contract.

For example, if the original contract interest rate is the lpr interest rate for the same period, the number of points will be increased = until the mortgage is paid off.

After the transfer of lpr floating interest rate, it is usually implemented from 65438+ 1 in the second year. Assuming that the lpr interest rate is 1 and the mortgage interest rate is lower than the original contract interest rate in the same period of the second year, this is the embodiment of market volatility.

If the lpr interest rate is 0 in June 5438+ 10 in the third year, the mortgage interest rate = floating interest rate changes every year.

Second, the specific operation method of mortgage to lpr interest rate

Because of the appearance of lpr interest rate, lenders have one more interest rate choice. It is necessary for banks to send text messages or call customers to change the existing mortgage to lpr interest rate or fixed interest rate and choose independently. The specific conversion operation can be as follows:

1, bring your ID card and bank card, go directly to the loan bank outlet and ask the counter staff for help;

2. Log in to the mobile banking of the loan bank, enter the loan page, find my loan management, and click to convert the lpr interest rate;

3. You can also log in to the personal online banking of the loan bank to find my loan and convert it into lpr interest rate.

The above is about "how to transfer mortgage to lpr interest rate", I hope I can help you.