Can ABC LPR conversion be done at any outlet?

Hello, the loan interest rate conversion of the Agricultural Bank of China can be handled at any outlet, or it can be handled in online banking.

Agricultural Bank of China LPR interest rate conversion, you only need to bring your ID card to the nearest bank branch to handle it, there is no need to go to the bank that handled the mortgage at the beginning.

For loans that meet the conditions for interest rate conversion, the borrower can go to any branch of ABC to apply for conversion with his original valid identity document. If it is **, the original valid ID card and the original notarized power of attorney of the borrower and the ** person shall be provided.

2.If you choose a "floating rate" for a personal home loan, you can also negotiate a repricing cycle (1 year, 2 years, 3 years, 4 years or 5 years) and a repricing date ("loan disbursement date corresponds to the month date" or "January 1").

3.For loans with co-borrowers, all borrowers must reach an agreement on the conversion and sign the contract separately before the loan can be converted.

The LPR conversion of the Agricultural Bank of China should be able to be done at any outlet, and I went to the nearby Agricultural Bank of China outlets with my ID card and bank card.

1. Open the mobile banking of the Rural Commercial Bank directly.

Click on the icon button to jump.

2. At this time, a new page pops up, and you need to select LPR to convert to enter.

3. If there is no problem in the next step, fill in the content of the Lu calendar according to the actual situation.

4. After completing the above operations, continue to confirm the submission.

5. In this way, you will find that it has been successful, and the requirements can be realized.

LPR is a basic loan reference rate calculated and published by the National Interbank Lending Center authorized by the People's Bank of China according to the Bank's loan interest rate to the best quality customers, based on the Bank's loan interest rate to the best quality customers, and the financial institutions should mainly refer to the LPR for loan pricing.

At present, LPR includes two varieties with a maturity of 1 year and more than 5 years. The LPR has a high degree of marketization, which can fully reflect the supply and demand of funds in the credit market, and the use of LPR for loan pricing can promote the formation of market-oriented loan interest rates and improve the transmission efficiency of market interest rates to credit interest rates.

If your personal home loan is a commercial loan that was disbursed before January 1, 2020, or has a contract but has not been disbursed, and is priced at a variable interest rate with reference to the benchmark loan rate, then, you are:Choose between whether to convert the pricing benchmark of the loan to LPR plus or minus points, or to a fixed interest rate

What's the difference between the two? Which is more cost-effective? How does it work? What are the issues to be aware of? The "pricing benchmark" has changed

When it comes to LPR, many people say that they are "confused", and they don't understand the logic and principle of "mortgage LPR conversion". In fact, by grasping the concept of "pricing benchmark", we can "suddenly understand" the transition.

What is LPR? Its full name is "loan market ** interest rate", in short, it is the loan market ** interest rate formed by the People's Bank of China comprehensive 18 representative commercial bank markets, which is announced once a month on the 20th (postponed in case of holidays), and currently includes two varieties of 1-year and 5-year or more.

Therefore, in order to protect the rights and interests of both borrowers and borrowers, the People's Bank of China (PBOC) has made it clear that starting from March 1, 2020, it will promote the conversion of the pricing benchmark of existing floating rate loans. The person in charge said.

It is worth noting that this conversion is not limited to housing loans, but also covers corporate loans, personal consumption loans, etc. In terms of housing loans, only commercial personal housing loans and commercial loans in portfolio loans are included, and provident fund personal housing loans are not involved; At the same time, fixed-rate loans, personal housing loans maturing before the end of 2020, and floating rate loans that have been referenced by the LPR do not need to be converted.

According to the "People's Bank of China Announcement 2019 No. 30", for existing loans, there are two options: one is to directly choose the fixed interest rate, and the interest rate level after the conversion of personal housing loans should be equal to the most recent execution interest rate level of the original contract; The second is to choose the form of LPR floating interest rate, which is calculated according to the "loan market ** interest rate (LPR) plus floating points", LPR is variable, and the floating point is unchanged. According to Announcement No. 30 of 2019 of the People's Bank of China, the interest rate level of personal housing loans remains unchanged before and after conversion. The choice of interest rate by LPR should be expressed as:

LPR + floating point. After the switch, the mortgage interest rate will be the same as before the first repricing date; From the first repricing date, the mortgage interest rate will become "the latest LPR+ floating point at that time"; And so on every subsequent repricing day.

LPR is a change number, compared with the above method, because the conversion is based on the benchmark interest rate in December 2019 for more than five years), it is obvious that if the LPR ratio of more than 5 years in the future is high, you can choose a fixed interest rate; On the contrary, if it is judged that the LPR ratio will be low in the future, you can choose to convert the LPR released on April 20 to the LPR, which is obviously low.

What does LPR rate conversion mean.

Of course, it is better to float, because the interest rate of LPR will change, and it may be reduced in the future.

What is the loan LPR interest rate? The banker tells you, let's learn together!

It depends on the specific situation, if you feel that you can afford your current mortgage and do not want to take risks, you can choose a fixed interest rate.

Fixed well. After all, the fixed one has always repaid so much money, and it is more reassuring to not consider the rise and fall of interest.

The loan market interest rate (LPR) is the basic loan reference rate calculated and published by the National Interbank Funding Center authorized by the People's Bank of China (PBOC) according to the Bank's loan interest rate to the best quality customers.

At present, the LPR has become the benchmark for RMB loan pricing.

If you have opened mobile banking, you only need to click on the loan to choose to submit, and the contract will take effect.

The original interest rate was uniformly set by the central bank (People's Bank of China) and uniformly implemented by all commercial banks, which had considerable administrative colors and did not meet the requirements of market allocation of resources. The market-oriented reform of the financial industry first requires the marketization of interest rates, and deposit interest rates have been gradually promoted in recent years.

The marketization of lending rates is marked by the implementation of LPR. In August 2019, the People's Bank of China (PBOC) announced that from 8 October 2019, the newly signed picotale interest rate for housing loans would be changed from pegged to the central bank's benchmark interest rate to lpr.

1. Directly open the relevant window of the mobile banking of the Rural Commercial Bank and click the icon button to jump.

2. At this time, a new page pops up, and you need to select LPR to convert to enter.

3. If there is no problem in the next step, fill in the corresponding content according to the actual situation.

4. After completing the above operations, continue to confirm the submission.

5. In this way, you will find that it has been successful, and the requirements can be realized.

Most rural commercial banks fail to operate mobile banking. You can go to a bank branch or a personal loan center to handle it.

You can apply for it on mobile banking, or you can consult the bank's customer service or bank handling point to make an appointment.

At present, it is very important for him to handle that business, in a timely manner, and then how to operate, and then you will know, the business at the front desk is also not clear.